Archive for August, 2006

• Wachovia, Golden West shareholders OK merger
  Eddy, August 31st, 2006 at 4:25 pm

  The shareholders have spoken: Wachovia Corp. and Golden West Financial Corp. easily won shareholder approval on Thursday for their merger, which would combine the fourth-largest [...]

• Random Thoughts
  Eddy, August 31st, 2006 at 11:08 am

  I hope things are as quiet where you are as they are here on the 81st floor of the Crossing Wall Street Tower. Here are [...]

• First Industrial Realty
  Eddy, August 31st, 2006 at 10:20 am

  Congratulations to Warren Buffett who not only turned 76 yesterday, but he also got married. Here’s a quick Buffett story. In late 1999, a man [...]

• RadioShack Lays Off Employees Via E-Mail
  Eddy, August 30th, 2006 at 3:38 pm

  The New Economy kinda resembles the old: RadioShack Corp. followed through on its announced plans to cut about 400 jobs, but the electronics retailer has [...]

• Gladwell Vs. Blogosphere
  Eddy, August 30th, 2006 at 12:45 pm

  Recently, I linked to a New Yorker article on Dependency Ratios by Malcolm Gladwell, so I feel an obligation to post some of the criticism. [...]

• Second-Quarter GDP
  Eddy, August 30th, 2006 at 8:50 am

  Second-quarter GDP growth was revised higher to 2.9% today from the initial estimate of 2.5%. I knew this was going to be a higher revision. [...]

• The Buy List So Far
  Eddy, August 29th, 2006 at 9:44 am

  Here’s how the Buy List has done this year. Through yesterday, we’re down -0.47% and the S&P 500 is up 4.29%. Only two months ago, [...]

• Tomorrow’s GDP Report
  Eddy, August 29th, 2006 at 9:16 am

  One of my pet peeves is the initial report on GDP. Every three months, the government reports on how well the economy did in the [...]

• S&P 500 Near Three-Month High
  Eddy, August 28th, 2006 at 2:31 pm

  There’s nothing so screwed up in the stock market that a bond rally can’t fix. The 10-year yield got down to 4.78% on Friday. The [...]

• Investors Financial Services
  Eddy, August 28th, 2006 at 9:57 am

  If you had told me at the beginning of the year that SEI Investments (SEIC) would be the top-performing Buy List stock, I would have [...]

• Sunday Reads
  Eddy, August 27th, 2006 at 11:31 am

  This is a good day to head to the hammock for a good read. Here are two things you might like. The New Yorker has [...]

• Cyclicals Are Fading Fast
  Eddy, August 25th, 2006 at 10:09 am

  I probably sound like a broken record (if you remember what records were), but once again, here’s the Morgan Stanley Cyclical Index (^CYC) divided by [...]

• Northwest Gives Advice to Laid Off Employees
  Eddy, August 24th, 2006 at 10:50 am

  Northwest Airlines gave its laid off employees some advice on how to save money. One of the tips was to rummage through other people’s garbage. [...]

• Creative Descruction and Pet Supplies
  Eddy, August 24th, 2006 at 10:31 am

  Capitalism, then, is by nature a form or method of economic change and not only never is but never can be stationary. And this evolutionary [...]

• The Dow’s Decimals
  Eddy, August 23rd, 2006 at 11:05 pm

  I was curious to see if there’s any strange pattern to the decimals in the daily closings of the Dow. It turns out, there aren’t [...]

• Cisco’s Peak
  Eddy, August 23rd, 2006 at 3:05 pm

  Here’s something you might enjoy. This link will take you to the Yahoo Message board posts for Cisco’s stock on March 27, 2000. That was [...]

• Pool Corp.
  Eddy, August 23rd, 2006 at 1:26 pm

  Here’s an interesting stock, Pool Corp. (POOL). As the name suggests, the company provides pool supplies. They recently changed their name from SCP Pool. The [...]

• Dow Oil & Gas Index
  Eddy, August 23rd, 2006 at 11:33 am

  I’m not one for technical analysis, but I thought this chart was interesting. Since April, the Dow Jones Oil & Gas (^DJUSEN) Index has tried [...]

• Medtronic’s Earnings
  Eddy, August 23rd, 2006 at 11:23 am

  Three weeks ago, Medtronic (MDT) spooked Wall Street by saying that earnings will come in lower than expected. The company gave a range of 53 [...]

• What Do Ireland and GM Have in Common?
  Eddy, August 23rd, 2006 at 9:31 am

  In the New Yorker, Malcolm Gladwell looks at the dependency ratio, how many people are supported by your current work force. It works for companies [...]