As a sign of how difficult the markets are, a number of large companies hit 52-week lows, with a number of stocks down between 5% and 10% and bank shares off more…
As long as companies in the "smokes" business are not being sued by dead people who used their products, it is a hell of a business. Operating margins can run above 20%…
General Electric Co. (NYSE: GE) has priced its massive secondary offering this morning of 547.8 million shares at a substantial discount of $22.25 per share. It has also given underwriters an overallotment…
Douglas A. McIntyre GE (GE) is raising $15 billion, some of it from Warren Buffett at usurious rates. In many states his actions would have been illegal. Why does GE need the money? No so…
According to Reuters, the economic bailout bill passed the Senate and is likely to pass the House. Reuters reports that GE (GE) raised $15 billion with some of the capital coming from…
General Electric Co. (NYSE: GE) is coming out swinging to halt the offensive rumors and credit concerns that have been hindering its stock. The company made two key announcements to fight this. …
GE (GE) recently revised its guidance. For the the third quarter it moved its estimates to a range of $.43 to $.48 per share from the previous figures of $.50 to $.54…
Douglas A. McIntyre According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many…
Congress is nearly done pulling together terms for a $700 billion bailout of the nation’s banks. It will keep a hand on the purse strings. At first, Treasury will get $250 billion.…
Douglas A. McIntyre GE (GE) was one of the alleged last safe harbors in corporate America. The company said the credit issues facing the economy would not damage GE Financial. The conglomerate indicated that it…
Douglas A. McIntyre These are not all of the downgrades or negative analyst calls affecting stocks this Tuesday, but these are some of the highlights we have seen with over 2 and a half hours…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this will be…
According to Reuters, Goldman Sachs (GS) and Morgan Stanley (MS) will give up their investment banking status and become bank holding companies to have access to the government’s proposed $700 billion bailout…
Frankly, we think the ban on short sales is not the right way to run a free market. But it doesn’t matter what we think. These are the new rules, but they…
We won’t bother discussing the current market situation as being a very difficult one. But the problem isn’t just the baby being thrown out with the bathwater. Now, investors are throwing out…
Douglas A. McIntyre