Bear Stearns To Address Current Situation (BSC, JPM)
The Bear Stearns Companies Inc. (NYSE: BSC) announced that will host a conference call today at 12:30 P.M. EST. The stock is now down more than $23.00 to under $34.00 and shares actually traded…
All Work
Douglas A. McIntyre
This Week’s Top Share Buyback Changes (SCHW, DRH, LCAPA, QCOM, TBL, TEL)
There was an absence of major buyback announcements this week. That coincides with the lack of as many earnings reports as well. Below are some of the standout buyback and repurchase announcements from this…
JP Morgan & NY Fed Try to Rescue Bear Stearns (BSC, JPM)
Bear Stearns Co. (NYSE: BSC) is getting a temporary reprieve this morning. JPMorgan Chase (NYSE: JPM) and the New York Fed have provided liquidity financing for 28 days to the struggling brokerage firm. This…
CPI Running Mysteriously Low
This morning the market got a recovery boost on lower Consumer Price Index "CPI" numbers that measure inflation. The problem is that they are almost unbelievable. Even CNBC commentators noted these may all be…
Microcap Featured in Dialysis Investing (XCR, NXTM, DVA, FMS, DCAI)
Xcorporeal, Inc. (AMEX: XCR) is a potential undiscovered gem in microcap and low-priced stock investing, and it is in the arena of kidney dialysis. This week’s "INSIDE WALL STREET" segment in Business Week featured…
Top 10 Pre-Market Analyst Calls (BA, OMTR, PAS, RRGB, CRM, PCU, TSM, TEVA, WLP, WX)
Below are the top 10 analyst calls we are focusing on this morning: Boeing (NYSE: BA) raised to Overweight at Morgan Stanley. Omniture (NASDAQ: OMTR) raised to Buy at Jefferies. PepsiAmericas (NYSE: PAS) raised…
US Car Companies: Let Ford (F) And GM (GM) Merge Domestic Operations
One thing is very clear now. The plans for GM (NYSE: GM) and Ford (NYSE: F) to make money in North American in 2009 are dead as a door nail. Both stocks trade below…
SEC’s “Flex” Accounting Plan For Banks (AIG)(JPM)(C)
AIG (NYSE: AIG) is asking regulators to change the way that assets are marked to market at financial companies. This system has caused tens of billions of dollars to be written off by banks,…
Auction-Rate Securities Hit Mid-Cap Companies
Some large companies, like Bristol-Myers (BMY), has already said that auction-rate securities on their balance sheets may have to be written down now that the market for this paper is illiquid. The Wall Street…
Home Run For Video Games (SNE)(MSFT)
Video games had a great Febuary. MarketWatch writes "Sales of game software in North America reached nearly $669 million for the month, up 47% from the same period last year, according to data released…
Michael Jackson’s Neverland, Saved By Fortress? (FIG, BAC, SNE)
Private equity firms and hedge funds often make what seem to rather odd investments. But the one thing you can count on is that they both want to make money, even if it is…
Media Digest 3/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, regulators unveiled a plan to toughen rules for mortgage brokers. Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) have begiin informal discussion about the buy-out. Reuters reports that IACI (IACI) CEO…
Asia Market 3/14/2008 (SNE)(CHL)(SNP)(TM)
Markets in Asia were mixed. The Nikkei fell 1.5% to 12,242. Sony (SNE) was off 2.3% to 4200. Toyota (TM) was off 3.1% to 5090. The Hang Seng roes .6% to 22,427. China Mobile…
Did Zumiez Finally Bottom? (ZUMZ)
Zumiez Inc. (NASDAQ: ZUMZ) saw shares rocket in after-hours trading after the company posted earnings. The apparel and equipment retailer for young adults in extreme sports )snowboarding etc.) posted earnings of $0.42 EPS on…
Data Differentiates Newspaper Vs. Online News Reader Characteristics (SCOR, JRC, MNI, NYT, JRN, GCI)
If you have read any of our commentary or probably most other commentary online, you know that newspapers are not exactly the next growth engine in the economy. In fact, they are probably losing…
Transition Therapeutics Scores Lilly in Diabetes Pact (TTHI, LLY)
Transition Therapeutics Inc. (NASDAQ: TTHI) is seeing shares surge in after-hours activity. It has signed a pact with Eli Lilly and Co. (NYSE: ELY) where Lilly will acquire exclusive rights to its Gastrin-based therapies…
Level 3 Insiders Nibble On Stock (LVLT)
After the close, there were several SEC Filings that showed insiders at Level 3 Communications Inc. (NASDAQ: LVLT) bought shares of the company. These buys may sound like a lot for the public, but…
The 52-Week Low Club (CHTR)(SIGM)(GM)(F)(BSC)(VM)
Virgin Mobile (NYSE VM) Quaterly loss takes shares down. Falls to $1.90 from 52-week high of $15.69. Bear Stearns (NYSE: BSC) Market still believes that company has severe balance sheet problems. Sells down to…
The Barney Frank and S&P Rally
House Financial Services Committee Chairman Barney Frank announced new legislation Thursday that would increase the involvement of the Federal Housing Administration in the current crisis to help fight the rise of foreclosures. The legislation…
Schwab Kicks Up Buybacks (SCHW)
The Charles Schwab Corporation (NASDAQ: SCHW) has authorized share repurchases of up to an additional $500 million of its common stock through open market or via privately negotiated transactions. Schwab notes that as of…