The New Alpha: Activism
From Investment Intelligencer As the investment business gets more and more competitive, and as the smarter firms realize just how hard it is to add value through traditional public-market stock-picking, a handful of firms…
All Work
Douglas A. McIntyre
Yahoo! Panama Kicks Sand On Microsoft
Late word from Barron’s is that Panama is working well, at least according to a study from RBC Capital. Click-through rates on search ads have improved significantly, but the most important part of the…
Jupitermedia Looks Like Uranus (JUPM, GYI)
What is one of the best ways to make investors really want to revolt against you? You can try announcing you are in merger talks after market rumors, and then just as quickly announce…
Take-Two’s Board Gunned Down By Shareholders
Take-Two Interactive (TTWO) is seeing a strange issue today because of a Schedule 13D filing with the SEC on behalf of shareholders. A group of shareholders have banded together and are going to basically…
Should The Fed Set An Open Target For Inflation?
The head of the Philly Fed Bank, Charles Prosser, spoke out yesterday in favor of having the FOMC establish public, explicit targets for inflation to be used in guiding monetary policy. This re-opens a…
Smithers: Look Out Below
From Investment Intelligencer London-based strategist Andrew Smithers argues that "everything" is overvalued–stocks, houses, REITs, and even art. In his view, there are only two ways the situation can correct itself: 1) asset prices will…
Talk About A Lack of Conviction
From Ticker Sense A 90% upside volume day occurs when 90% of the NYSE volume occurs in stocks which finished positive on the day, while a 90% downside day means 90% or more of…
Pre-Market Stock News (MAR 7, 2007)
(ADTN) Adtran won IP service contract from Verizon.(ASVI) ASV $0.09 EPS vs $0.11e.(BNT) Bentley Pharma announced approval of its generic oncology product in Spain.(CAKE) Cheesecake Factory announced an additional 10M shares for a buyback…
Analyst Calls (MAR 7, 2007)
AIV raised to Buy at UBS.ALK started as Hold at Soleil.AMR started as Hold at Soleil.AXL raised to Overweight at JPMorgan.AVAV started as Market Weight at Thomas Weisel.AVB raised to Outperform at Baird.BEZ started…
China Funny Money Becomes Big Business
In China they have a lot of "virtual" money. Consumers play online games and win the ethereal dough. But, it can be used to buy real stuff in the real world. So, the Chinese…
Europe Markets 3/7/2007 Deutsche Telekom, France Telecom Down
Europe markets were up slightly at 6.05 AM New York time. The FTSE is up are up .1% to 6,144. Barclays down 1.5% to 719.5. BP is up .3% to 513.5. BT is up…
Digital Revenue Won’t Save The New York Times
Management at The New York Times Company (NYT) wants Wall St. to know that its digital revenue will rise 30% to $350 million this year. That includes revenue from its odd-ball search operation About.com.…
Wall St. Calls For Blood At Dell
Blood lust is such an attractive trait on Wall St. A hardware analyst at Bernstein Research wants Dell (DELL) to cut 15% of its employees. More to the point, 13,124 of Dell’s employees are…
Microsoft Wants To Be AT&T
The management at Microsoft is talking big about how its VoIP software is going to rule the world of telecommunications. The company says that its new server software, which allows companies to integrate VoIP…
Media Digest 3/7/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Microsoft (MSFT) believes that it can bring in billions of dollars as businesses shift from traditional phone service to VoIP using its software. Reuters writes that investors in Japanese brokerage firm…
Asia Markets 3/7/2007 China Slides Again With China Mobile Down
Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(DCM)(SNE)(TM)(CHL)(CHU)(CN)(PCW)(HBC) Markets in Asia were mixed with the Hang Seng down. The Nikkei was off .5% to 16,765. Bridgestone was down 1.7% to 2405. Canon was down 2.4% to 6070. Fuji Film was…
Alaska Air: Lease Restatements Deja Vu
From AAO Weblog Remember the wave of lease restatements from early 2005? That was when a letter from then-chief accountant Don Nicolaisen triggered re-examinations of lease contracts and accounting far and wide, resulting in…
Tuesday’s Top Biotech & Medical Stocks
From BioHealth Investor Biotechnology ANTIGENICS INC +11.46% CADENCE PHARM. INC. +10.04% COMBINATORX +9.53% GENITOPE CORPORATION +9.24% PROGEN INDS LTD +8.84% Diagnostic Substances ICAGEN, INC. +11.11% LEXICON GENETICS I +8.44% ISTA PHARMACTLS +6.97% SYNTA PHARMACEUTICAL…
Chrysler: The Unions Watch For The Squeeze Play
The head of DaimlerChrysler told the Financial Times that he did not like the treatment his company is getting from the UAW. Dieter Zetsche, Daimler’s chief executive, branded the unions’ attitude “totally unacceptable”. The…
Cramer’s 4% Yield Screen Stocks
Cramer also said on CNBC’s MAD MONEY tonight that he had run some stock screens out of the 4% dividend yield club and came up with 13 names, but he has 2 names that…