Archive for January, 2007

  • Rollins is Out at Dell
    , January 31st, 2007 at 5:39 pm

    From Bloomberg: Dell Inc. Chairman and founder Michael Dell replaced Kevin Rollins as chief executive officer and said fourth-quarter results will miss analysts’ estimates. The [...]

  • The Buy List So Far
    , January 31st, 2007 at 5:26 pm

    One month down, eleven to go. The Buy List had a great first half of January, followed by a blah second half. For the month, [...]

  • Fiserv Earns 64 Cents a Share
    , January 31st, 2007 at 5:00 pm

    Fiserv (FISV) just reported fourth-quarter earnings, after charges, of 64 cents a share. This was in line with expectations. Sales were up 19%. For 2006, [...]

  • Today’s Fed Statement
    , January 31st, 2007 at 2:32 pm

    For the fifth meeting in a row, the Federal Reserve does nothing: The Federal Open Market Committee decided today to keep its target for the [...]

  • GDP Grew By 3.5% in Q4
    , January 31st, 2007 at 9:10 am

    The economy continues to plow along. After two quarters of below-trend growth, the economy grew by 3.5% (annualized) in the fourth quarter. This happened even [...]

  • AFLAC’s Earnings
    , January 30th, 2007 at 4:58 pm

    AFLAC‘s (AFL) stock is getting beaten up in the after-hours market. The supplemental insurance company reported earnings of 66 cents a share (with insurers, the [...]

  • Eatin’ Good Far from the Neighborhood
    , January 30th, 2007 at 3:20 pm

    Michelle Leder at Footnoted.org spotted this letter from former SEC Chairman Richard C. Breeden to Campbell Soup’s CEO Douglas Conant. Conant is also chairman of [...]

  • LoveLEHGirl Is Watching
    , January 30th, 2007 at 1:24 pm

    The Wall Street Journal profiles Yolanda Holtzee, an “Internet investigator in sweatpants.” Wall Street is full of corporate gadflies, many of whom agitate for corporate-governance [...]

  • The Biomet CD?
    , January 30th, 2007 at 11:18 am

    First let me state clearly that I’m not recommending this as a fixed-income investment, but let’s consider what the market is saying about Biomet (BMET). [...]

  • Davos Is for Wimps
    , January 30th, 2007 at 8:57 am

    Michael Lewis nails the professional worriers who gather every year in Davos: Davos is where people with no talent for risk-taking gather to imagine what [...]

  • Graco 4Q Profit Rises 10 Percent
    , January 30th, 2007 at 8:44 am

    From the AP: Graco Inc. (GGG), which makes pressure washers and pumps for industrial uses, on Monday said fourth-quarter profit increased 10 percent as growth [...]

  • The Money Honey Brand
    , January 29th, 2007 at 4:18 pm

    Bloomberg looks at the fallout of Todd Thomson’s dismissal at Citigroup (C). Journalism professors are criticizing the relationship Thomson had with Maria Bartiromo. Last year, [...]

  • Milton Friedman Day
    , January 29th, 2007 at 12:35 pm

    Today is Milton Friedman Day. The economist died two months ago at the age of 94. Tonight, PBS (note irony) will premiere “The Power of [...]

  • Nicholas Financial’s Earnings
    , January 29th, 2007 at 12:29 pm

    Our smallest stock on the Buy List, Nicholas Financial (NICK), reported earnings of 27 cents a share: Nicholas Financial, Inc. announced that net income increased [...]

  • Sysco Earns 38 Cents a Share
    , January 29th, 2007 at 9:58 am

    That’s in line with estimates: Food-services provider Sysco Corp. said Monday fiscal second-quarter net income grew 16 percent, helped by business reviews of customers. Quarterly [...]

  • P/E Ratios by Sector
    , January 26th, 2007 at 6:09 am

    Here’s a look at the P/E Ratios of the ten sectors of the S&P 500: The P/E ratio of the overall S&P 500 is about [...]

  • Today’s Investing Lesson: Diversify
    , January 25th, 2007 at 4:50 pm

    The S&P 500 had a big up day yesterday, and a big down day today. It’s almost back where it started, yet our Buy List [...]

  • Interest Rates Are Climbing Higher
    , January 25th, 2007 at 1:31 pm

    After plunging from May to December, interest rates are rising again. The yield on the 90-day Treasury bill just peaked above 5%. The yield on [...]

  • Earnings from Danaher and Respironics
    , January 25th, 2007 at 10:42 am

    The bad news today is that Varian Medical Systems (VAR) is sharply lower thanks to yesterday’s earnings report. The stock is currently down about 8%. [...]

  • S&P 500 Hits 1,440
    , January 24th, 2007 at 4:25 pm

    The S&P 500 broke through 1,440 for the first time in 75 months. The index was up 0.85% today to 1,440.13. Our Buy List also [...]

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