For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week. The short…
This is a bear market and a recession, yet it still feels like Winston Churchill calling the actions of Russia as "a riddle, wrapped in a mystery, inside an enigma." When you…
Douglas A. McIntyre A year ago, it would have been hard to find people who would believe that Sirius XM (SIRI) or Charter Communications (CHTR) would trade below $1. Sirius had a 52-week high of…
Sirius XM (SIRI) CEO Mel Karmazin say he can get his long-term debt refinanced. According to Reuters, "Sirius XM faces some $1.1 billion in debt in 2009. Of that, about $300 million…
Douglas A. McIntyre Yahoo! (YHOO) Concerns about slowdown in internet advertising. Drops to $13.20 from 52-week high of $34.08. Bet they wish they had taken Microsoft (MSFT) deal. Sirius (SIRI) Merger a failure.Sells off to…
The dirge is just about over for Sirius XM (SIRI). The stock has marched down so far that the market is saying there is little prospect for recovery. The company is plagued…
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can…
According to Reuters, the House will vote on the bailout bill today. Reuters reports that JP Morgan (JPM) will not keep the CEO of WaMu. Reuters reports that John Thain of Merrill…
Updated: 31 October 2008 Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT) may…
Sirius (SIRI) management has been desperate to convince shareholders that the merger of the two satellite radio companies would work. Wall St. has not bought into the pitch, but there are two…
Douglas A. McIntyre No one has checked the water on Wall St. for traces of LSD and other hallucinogens. First, financial firms bet huge sums of their money on arcane mortgage-related paper and lost hundreds…
Douglas A. McIntyre Mel Karmazin, CEO of the new Sirius XM (SIRI) satellite radio company, gone public with his plan to fix the firm. Shares in Sirius have traded around $.90 over the last several…
According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion. Reuters reports that AIG (AIG) is facing…
Short interest in a number of financial stocks moved up very sharply for the period ending August 29. Shares short in Washington Mutual (WM) rose 12% to 383 million. Short interest in…
Washington Mutual (WM) Latest victim of credit debacle. Falls to $2.30 from 52-week high of $39.25. Lehman (LEH) Restructuring plan has few friends. Down to $6.93 from 52-week high of $67.73. Owens-Illinois…