Apple’s (AAPL) Deal With Fox, A Waste Of Time
Apple (AAPL) has signed a deal with News Corp’s (NWS) to rent Fox studio movies on iTunes. Apple looks at it as something of a break-through. iTunes subscribers have been reluctant to buy movies.…
All Work
Douglas A. McIntyre
Is Sallie Mae’s $2.5 Billion Raise Enough? (SLM)
SLM Corp. (NYSE: SLM), or Sallie Mae, was perhaps the worst merger-arb implosion in recent times. Late yesterday the announced that it is commencing a common stock and convertible preferred stock offering that totals…
Nasdaq Short Interest Mid-December (LVLT)(SIRI)(INTC)(CSCO)
Based on figures for short interest in Nasdaq stocks at mid-December, traders increased their bets against a number of discount brokerage and technical stocks. The numbers compare figures on December 14 to those November…
Media Digest 12/27/2007
According to Reuters, housing prices had a record annual drop. Reuters writes that Sallie Mae (SLM) will raise $2.5 billion using stock and convertible notes. Reuters writes that Joseph Lewis has increased his stake…
Asia Markets 12/27/2007
Markets in Asia were mixed. The Nikkei fell .6% to 15,567. NEC (NIPNY) rose 3% to 518. Yahoo Japan fell 1.6% to 50200. The Hang Seng fell 1% to 27,843. China Mobile (CHL) fell…
Davis Selected Advisers Takes Piece In MBIA (MBI)
Davis Selected has bought 5.1% of MBIA (MBI). Just a few days ago, the fund put money into Merrill Lynch (MER). MBIA shares are rising on the news, up 11% to $22.29. The investment…
52-Week Low Club (BIG, BONT, CHS, M, OMX, SSI, HOT, ZLC, RT, F, WM, BSC)
We didn’t include only retail names on the 52-week lows today, but it could have been easy to do. The retail scene just didn’t do too hot over Christmas and these are pying the…
Is Bear Stearns Worth More Than $90 A Share?
Joseph Lewis, one of the world’s richest men, has bought more shares in Bear Stearns (BSC), and now owns more than 9.5% of the company, according to Reuters. The questions is, is he smarter…
IPO’s That More Than Doubled in 2007 (JASO, YGE, MELI, VMW, LULU, MASI, RCH, APEI, ATHN, DM)
247WallSt.com wanted to bring a list of the best and worst in IPO’s for 2007. We already gave a list of the large money losing IPO leaders of 2007 and this list should show…
Largest IPO Percentage Losses of 2007 (CHIP, DEEP, ZBB, BBND, MMPI, GLUU, IMRX, GSIT, XFML, PINN, LLNW)
247WallSt.com wanted to bring a best and worst in IPO’s for 2007. Many investors look for recent IPO’s that have seen the shares hit hard since coming public. Some of these may be overlooked,…
Ultralife Batteries Scores Another Order (ULBI)
Ultralife Batteries, Inc. (NASDAQ: ULBI) announced that it has received an order worth approximately $40 million. The order is from a U.S. defense contractor to supply advanced communications systems and is a follow-on to…
247WallSt.com’s Dogs of the Dow Targets, Projections & Forecasts for 2008 (C, PFE, T, VZ, MO, GM, DD, JPM, GE, HD)
The Dogs of the Dow aren’t necessarily the worst performers of the prior year, but they pay the highest the dividend yields. We wanted to review the 10 Dogs of the Dow to see…
Buffett Votes “Yes” On US Economy With Marmon Deal
Berkshire Hathaway (BRKA) has over $43 billion in cash on its balance sheet. It could buy most US public companies without borrowing a dime. Berkshire’s chief, Warren Buffett could put his money to work…
Amazon Claims Record Numbers (AMZN, TGT)
Amazon.com (NASDAQ:AMZN) has announced some of its statistical results for the holiday shopping season. While it is labeled "it’s best ever holiday season," other stores around the country and around he web are being…
China May Undermine Its Own Growth
Economists in China are becoming concerned that restrictions on bank loans could take the wind out of the sails of the country’s rapid growth. "Too low a loan extension target and overly tight controls…
Why Toyota (TM) May Miss 2008 Forecasts
Toyota (NYSE:TM) raised its forecasts for fiscal 2008 to 9.85 million vehicles, up 5.2% from the number of cars it expects to sell for its year ending March 31. That would mean the company…
Media Digest 12/26/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Berkshire Hathaway (BRK) has bought control of Marmon Industries for $4.5 billion. Reuters writes that US retail sales were up a disappointing 3.6% for the holidays. Reuters reports that China auto…
Asia Markets 12/26/2007
Markets in Asia were up with several closed. The Nikkei rose .7% to 15,654. Docomo (DCM) rose 1.6% to 190000. Toyota (TM) rose 1.6% to 6,180. The Shanghai Composite rose .6% to 5,233. Data…
Berkshire Hathway (BRK) To Buy Marmon
Berkshire Hathaway (BRK) is buying 60% of Marmon Holdings Inc., a diversified industrial firm with about $7 billion in annual revenue and more than 125 operating units, according to The Wall Street Journal. The…
News Digest 12/25/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Merrill Lynch (MER) raised enough money to increase its capital by $5.7 billion. Reuters writes that US shoppers came out in strength over the "Super Saturday" weekend. Sales on Saturday rose…