According to Reuters, Microsoft (MSFT) posted a 79% increase in proffits. Reuters writes that Alan Greenspan says the US is not yet in a recession. Reuters reports that the CEO of Sony…
Goldman Sachs issued an interesting note on the various bond insurers, although some of this data may have been put out yesterday. The firm is listing three scenario valuation assumptions for: Ambac…
Douglas A. McIntyre People still take about how Hannibal crossed the Alps to attack the Romans in 218 BC. Years from now they will probably do the same about the big 600 point turnaround on…
Watch for a big run-up in Ambac (NYSE: ABK) and MBIA (NYSE: MBI) tomorrow. These stocks had major run-ups today in the last 90 minutes of trading as word of this began…
Douglas A. McIntyre There was an interesting article in this weekend’s edition of Barron’s. The financial weekly bible is noting that, despite the turmoil and perhaps terminal verdict of bond insurers, there may actually be…
Douglas A. McIntyre These are not the only analyst calls out there, but these are the top calls that 247WallSt.com is focusing on today: Ambac (ABK), M B I A Inc. (MBI), and Security Capital…
According to Reuters, IBM (IBM) issued a strong forecast for next year. Reuters writes that Bush and Congress are looking at a $150 billion package to improve the economy. Reuters reports that…
Shares of Ambac Financial Group, Inc. (NYSE: ABK) are being crushed even harder today than yesterday by more than 60% to around $5.00. The problem is that Moody’s has put it under…
Ambac Financial Group, Inc. (NYSE: ABK) has finally come clean, but this coming clean is so brutal that it will be dirty. Below are some of the summary changes, many of which…
Douglas A. McIntyre There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector…
Short interest of stocks listed on the NYSE as of December 31 showed that retailers and financial companies had sharp increases when compared to the figures on December 14. Shares sold short…
Qwest (Q) Concerns on telecom growth after AT&T (T) discloses slowing business. Drops to $5.46 from 52-week high of $10.45. Yahoo! (YHOO) Online ad revenue could be slowing. Falls to $21.37 from…
MBIA (MBIA) will cut its divdend to $.13 from $.34 and go to the capital markets for cash. As part of its plan to raise capital to meet or exceed the rating…
Douglas A. McIntyre Perhaps the fact that Berkshire Hathaway (BRK.A) got into the bond insurance business just as it was falling apart was not entirely due to the genius of Warren Buffett. According to the…
Countrywide Financial (CFC) Chapter 11 rumors, Denial does not help. Drops to $5.05 from 52-week high of $45.26. MBIA (MBI) Still plenty of panic left in the bond insurance world. Sells off…
