Ford (F) Slaughtered, April Sales Down 12%
If car sales are any indication of the broader economy, it is time to get to the food lines. In April, retail sales at the company fell 12% to 200,727. The only division which…
All Work
Douglas A. McIntyre
Generex Biotech Holders File To Unload (GNBT)
Generex Biotechnology Company (NASDAQ: GNBT), a drugdelivery system and technology developer, has filed an offering by sellingstockholders of up to 74,475,861 shares of common stock. The proposed maximum aggregateoffering price is $78,199,653, but this…
ProShares ETF Launch: Short Selling Treasuries (PST, TBT)
The American Stock Exchange announced the launch of two new exchange traded funds by ProShare Advisors LLC today. The UltraShort Lehman 7-10 Year Treasury ProShares (Amex: PST) and UltraShort Lehman 20+ Year Treasury ProShares…
Sun Healthcare Well-Served On Secondary Filing (SUNH)
Sun Healthcare Group (NASDAQ: SUNH) has filed for a mixed shelfoffering of $200 million this morning. They may periodically offer a combinationof common stock, preferred stock, debt securities, and warrants. The prospectusindicates the rehabilitation…
Rights Offering Pounds Guaranty Financial Group (GFG)
Guaranty Financial Group (NYSE: GFG) announced an offering of subscription rights to its shareholders. The terms have not yet been set for the non-transferable subscription rights although the subscription price will likely be at…
Shutterfly (SFLY): A Death Rattle From Web 2.0
Shutterfly (SFLY) calls itself an Internet-based social expression and personal publishing service. In reality, it is a simple online photo storage, swapping, and printing service. No matter what it is, the company is not…
More Ups & Downs in the Oil Patch (APA, MRO, GLF, BP)
Apache Corp. (NYSE:APA) reported net income of $1.02 billion and $3.03 EPS for the first quarter of 2008, more than double same period results for 2007 of $492 million and $1.47 EPS. Revenue jumped…
Las Vegas Sands (LVS): The Wages Of Sin Get Expensive
Divide the chips as you will. Las Vegas Sands (LVS) had a pitiful quarter. Revenue rose from $628 million to $1.079 billion. The good news ended there. Operating income fell from $131 million in…
JDSU (JDSU) Enterprise Broadband Spending Stays Down
It is the age of broadband, but no one could tell that from the results of companies which supply equipment to the broadband suppliers like cable and telecom firms JDSU (JDSU), one of the…
Higher Utility Bills Coming; Rate Relief Filed (FE, CHG, AEE, AYE, GAS)
While many utilities are reporting earnings, there is one thing that many investors will care about more than each company’s results. It seems that utilities across the board are filing with state or regional…
Home Depot (HD) Retreats
In a move that has probably never happened in its history, Home Depot (HD) will close 15 stores. It will also cancel the opening of another 50 locations. According to the company, "These closings…
52-Week Low Alert: iRobot; iWarning; iCFO Exit (IRBT)
iRobot Corp. (NASDAQ: IRBT) shares are seeing their share of sellers today. The company posted a loss of -$0.16 EPS on $57.3 million in revenues, while First Call estimates were -$0.16 and $55 million. …
Apple (AAPL) iTunes Means To Murder DVDs
Apple (AAPL) plans to release major movie titles on iTunes as the same time they come out on DVD. That is while the DVD business is still around. According to The Hollywood Reporter "The…
Top 10 Pre-Market Analyst Calls (NLY, CTV, ENDP, FSLR, HOV, JNY, OIIM, PDGI, V, YUM)
These are not all of the analyst calls affecting shares but these are ten that we are focused on this Thursday morning: Annaly Mortgage (NYSE: NLY) cut to Hold at Citigroup. CommScope (NYSE: CTV)…
Exxon (XOM) Sinks
Wall St. didn’t think much of Exxon’s (XOM) earnings. That is odd because the company made an obscene $10.9 billion. The stock is off over 2%. The oil company’s earnings for the first three…
Comcast (CMCSA) Keep Pressure On Phone Company
Comcast (CMCSA) had a very good quarter, and did especially well taking phone customers from its Bell rivals. Revenue was up 14% to 8.389 billion. Operating income moved up 23% to $1.555 billion. One…
Can The Economy Recover Without Detroit?
Detroit is now viewed as a metaphor for the car industry in the US, even if GM (GM) and Ford (F) are the only public companies based there. For purposes of domestic car sales,…
Europe Markets 5/1/2008 (BHP)(VOD)(SI)(ALU)
Markers in Europe were modestly higher at 6.30 AM New York time. The FTSE rose .1% to 6,092. BHP Billiton (BHP) was up 2.8% to 1851. Vodafone (VOD) was off 1.5 to 157.9. The…
Cutting The Price Of XBox, PS3, and Wii (MSFT)(SEN)
With a recession in full swing, Microsoft (MSFT), Sony (SNE), and Nintendo may have to cut the prices of the Xbox 360, Wii, and PS3. At least that is what the head of Activision…
Ebay (EBAY) Tries To Knife Craigslist
Online classifieds company Craigslist has tremendous goodwill among those who use the internet. It does not even charge for most of its listings. It is more a charity than a business. Enter Ebay (EBAY)…