Lennar (LEN) Sells Some Valuable Real Estate
It is never good news when a home-builder sells a big portion of its real estate. Lennar (LEN) sold 11,000 home sites for $525 million. A company controlled by Morgan Stanley (MS) will take…
All Work
Douglas A. McIntyre
FedEx (FDX) Chief Looks For Big Down-Turn
Fred Smith, the long-times CEO of FedEx (FDX) thinks that the global recession can’t be avoided. The American economy is not growing, and its multinational companies won’t find enough business outside the US to…
Shoppers Wait Out Retailers On Price Cuts
Over 50% of holiday shoppers are wandering through malls baiting retailers. They are saying "We are here, but we ain’t buying yet." Reuters writes that consumer-behavior marketing firm America’s Research Group found that "Half…
Dell’s (DELL) Slow Decision On Marketing.
It may appear good that Dell (DELL) has finally cut a deal with WPP, the UK-based ad company to set up a JV which will handle as much as $4.5 billion in marketing over…
Media Digest 12/3/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the month, looking for sales. Reutes writes that Nasdaq (NDAQ) has opened its office in…
Asia Markets 12/3/2007
Markets in Asia were narrowly mixed. The Nikkei fell .3% to 15,629. NEC (NIPNY) fell 1.9% to 509. Yahoo Japan rose 1.9% to 54300. The Hang Seng rose .1% to 28,658. China Netcom (CN)…
A Huge Oil Find In Very, Very Deep Water
It’s nice to find a lot of oil, but only if drillers can get to it. Brazil is in that position now that a field with as much eight billion barrels of light oil…
Activision (ATVI) Ads Vivendi Games, Creates Giant
The video game business just got a new leader. Activision (ATVI) will merge its operations with the game division of Vivendi. According to the parties the newly named Activision Blizzard, is expected to have…
How Bad Will Down Trend In Shanghai Market Get?
In only three weeks, shares of PetroChina (PTR have lost about a third of their value, which at one point was about one trillion dollars. The Shanghai Composite has fallen from over 6,000 in…
Brits Accuse China Of Spying On UK Businesses
According to The Times of London, the Director-General of MI5 sent a confidential letter to 300 chief executives and security chiefs at banks, accountants and legal firms this week warning them that they were…
Letter From Caracas
Nut-ball Venezuelan leader Hugo Chavez thinks that the CIA or some other branch of the US government is out to mess up the elections in his country. And, he is prepared to cut the…
Letter From Riyadh
The time may come when the nation-states of the Middle East will spend to pay for military forces large enough to defend them and their oil fields. But, in the meantime they would rather…
Citigroup’s (C) SIV Problems Get Worse, Perhaps A Hedge Fund Can Buy The Bank
According to The Wall Street Journal "Debt-rating agency Moody’s Investors Service, signaling a new turn for the worse for some bank-affiliated funds, said it downgraded or put on review debt totaling $119 billion that…
This Week on Stockhouse November 26 to 30
Markets staged a powerful comeback this week, with most major North American exchanges pulling up their socks for significant gains, including from financials – though the resource-heavy TSX Venture got left in the dust.…
Cramer Calls For Paul Saleh To Quit Sprint (S)
Jim Cramer came out tonight on CNBC’s MAD MONEY to replace Ed Zander on his WALL OF SHAME with his 6 CEO’s that are in the Rogue’s Gallery. As you know by now, Ed…
ETF’s Gone Wild: A Wal-Mart ETF.. Really (WSI, WMT)
There is a ton of value that ETF’s bring to the table. They trade like stocks, they have lower fees, they are usually more transparent, and more when you compare these to traditional mutual…
SPAC IPO Filing: CAPITAL TEN ACQUISITION CORP.
CAPITAL TEN ACQUISITION CORP., a special purpose acquisition company, or a SPAC or Blank Check company, has filed to come public via an IPO. This is a small deal with 7.5 million units being…
52-Week Low Club II (IUSA, JSDA, KNOT, TRK, WAG, ZLC)
Below is our last list of featured 52-week lows today: InfoUSA (NASDAQ:IUSA)… here’s what happens when your paid model gets Google-ized by free everything. $8.63 close versus $8.79 prior yearly low. Jones Soda (NASDAQ:JSDA)……
52-Week Low Club I (AMD, BIG, DRIV, FRPT, HOTT, SOLD)
Below is the first batch of 52-week lows today: Advanced Micro Devices (NYSE:AMD) hits the 52-week lows. I guess Dell being weak and them losing their position there isn’t pleasing anyone. Maybe they get…
Unique Value Manager’s Take On EMC…Sans-VMware (EMC, VMW)
The 3rd annual VALUE INVESTING CONGRESS took place in New York City this week, and 24/7 Wall St. attended and covered this great value investor event. Fund managers, investment managers, and hedge fund managers…