Archive for June, 2006

  • Instant FOMC Statement
    , June 30th, 2006 at 1:22 pm

    Paul Kedrosky has built a Fed press release generator. Every time you click the photo Bernanke, you get new words of wisdom from the FOMC. [...]

  • Wow!
    , June 29th, 2006 at 4:06 pm

    We didn’t have a 2% up day in over 2-1/2 years. Today we had our second 2%+ day of the last two weeks! How’s that [...]

  • The Fed Raises Rates
    , June 29th, 2006 at 3:03 pm

    And the market loves it. Here’s the Fed’s statement: The Federal Open Market Committee decided today to raise its target for the federal funds rate [...]

  • Waiting for the Fed
    , June 29th, 2006 at 11:00 am

    We’re all standing by waiting for the Fed announcement. I think another 25 basis points is a foregone conclusion. There’s some talk of 50 basis [...]

  • GDP Grew By 5.6%
    , June 29th, 2006 at 9:09 am

    The first-quarter saw the fastest growth in 2-1/2 years. In real terms, the economy has grown by 23.1% over the last 13 quarters.

  • Courier Corp.
    , June 28th, 2006 at 2:46 pm

    Here’s a cool little company that’s not widely known, Courier Corp. (CRRC) of North Chelmsford, MA. It has a market cap of just $450 million. [...]

  • J. Crew Goes Public
    , June 28th, 2006 at 1:19 pm

    Shares of J. Crew (JCG) had a fashionably understated but tasteful IPO. In 2004, the company lost over $100 milllion, but it eeked out a [...]

  • Biomet’s Earnings
    , June 28th, 2006 at 9:33 am

    Biomet (BMET) reported earnings of 41 cents a share for their fourth quarter. Excluding a few charges, the company earned 46 cents a share which [...]

  • The Chief Investment Strategist Derby
    , June 27th, 2006 at 2:13 pm

    Who’s the best chief investment strategist on Wall Street? I decided to compare, but instead of the normal criteria, I looked at what they’re really [...]

  • The Dumbest Reason for a Stock to Fall
    , June 27th, 2006 at 1:53 pm

    FactSet‘s (FDS) stock is down because the co-founder, Charles Snyder, sold 1 million shares. Note tense. He already sold the shares. If anyone is keeping [...]

  • Take-Two Taken Down 20%
    , June 27th, 2006 at 12:02 pm

    These are hard times for the video game stocks. Electronic Arts(ERTS) is down about 30% in the past few weeks. The company had a rotten [...]

  • Top 20 S&P 500 Stocks This Year
    , June 27th, 2006 at 11:50 am

    Ticker Company Name Industry YTD ATI Allegheny Technologies Steel & Iron 81.8% OMX OfficeMax Wholesale, Other 65.9% ADM Archer Daniels Midland Food – Major Diversified [...]

  • Rosneft Goes Public…Sort Of
    , June 27th, 2006 at 11:42 am

    From the WaPo: On sale now, for a limited time only: shares of a company whose secretive chairman is a former KGB member who steers [...]

  • Twinkie Lasagna!
    , June 27th, 2006 at 11:32 am

    I’m not sure about this: Twinkies — they’re not just for dessert anymore. The new “Twinkies Cookbook” has recipes for everything from a Twinkie Burrito [...]

  • EU Upholds Anheuser’s Right to “Bud”
    , June 26th, 2006 at 1:59 pm

    From AP: The Board of Appeal for the European Union’s Office for Harmonization in the Internal Market (the what??) ruled that Anheuser-Busch can register it’s [...]

  • J&J Buys Pfizer’s Consumer Health Unit
    , June 26th, 2006 at 1:39 pm

    Losing Guidant to Boston Scientific was one of the best things that could have happened to Johnson & Johnson (JNJ). That merger had troubled written [...]

  • Expeditors Splits 2-for-1
    , June 26th, 2006 at 10:36 am

    Shares of Expeditors (EXPD) split 2-for-1 this morning. For Buy List track record purposes, I’ve adjusted the cost basis to $33.755.

  • Biomet Subpoenad by DOJ
    , June 26th, 2006 at 8:51 am

    From MarketWatch: Biomet Inc. said Monday it’s received a federal grand jury subpoena from the anti-trust division of the Department of Justice. The company said [...]

  • Buffett to Give Away Fortune
    , June 25th, 2006 at 8:52 pm

    From Fortune:” Buffett has pledged to gradually give 85% of his Berkshire stock to five foundations. A dominant five-sixths of the shares will go to [...]

  • Crossing Smith Island
    , June 24th, 2006 at 7:40 pm

    I spent last weekend on Smith Island which is a tiny island in the middle of the Chesapeake Bay. There are two ways to get [...]