Archive for April, 2007

  • The Stalwart Is Back
    , April 24th, 2007 at 9:43 am

    One of my favorite financial blogs, The Stalwart, is back from its hiatus. The site is consistently thought-provoking and never dull. Check it out.

  • Hedge Fund Compensation
    , April 24th, 2007 at 9:33 am

    Alpha Magazine found that the top 25 hedge fund managers were paid a total of $15 billion last year. The highest-paid was Jim Simons of [...]

  • Earnings Preview: AFLAC
    , April 23rd, 2007 at 2:23 pm

    AFLAC (AFL) reports tomorrow. Here’s a preview from AP: OVERVIEW: Once one of only two life insurers in Japan, Aflac now faces a very competitive [...]

  • The Grey Lady and Sides of Beef
    , April 23rd, 2007 at 10:40 am

    At this week’s New York Times’ (NYT) shareholder meeting, there will be an effort, led by Morgan Stanley, to eliminate the company’s two-tiered share voting [...]

  • ABN Amro and Barclays to Merge
    , April 23rd, 2007 at 8:39 am

    This is a gigantic dea. ABN Amro, the Dutch mega-bank, and Barclays of Britain are going to merge in a deal worth over $90 billion. [...]

  • “GOOG is Godzilla and YHOO is Japan. It’s that simple.”
    , April 22nd, 2007 at 5:35 pm

    The Fly on Wall Street sums it succinctly. (H/T: Howard “Dr. Funk” Lindzon)

  • High Voltage Cable Inspection
    , April 22nd, 2007 at 10:54 am

    Yikes.

  • Moonlight Sonata
    , April 21st, 2007 at 4:55 pm

    The great Wilhelm Kempff.

  • The Business Of Baseball
    , April 20th, 2007 at 12:21 pm

    Here’s an interesting article from Forbes on the financial numbers behind baseball. As a kid, I used to think that baseball was big business. It’s [...]

  • AMD: “It hasn’t even hit them yet”
    , April 20th, 2007 at 7:32 am

    Here’s a short case study: Advanced Micro Devices close on April 19, 1985: $15. Advanced Micro Devices close on April 19, 2007: $14.28. From Bloomberg: [...]

  • New All-Time High for the Dow: 12,808.63
    , April 19th, 2007 at 4:17 pm

    The Dow rose for the sixth straight day. The Dow has now rallied for 14 of the last 15 days. That hasn’t happened in over [...]

  • The Wharton Economic Summit
    , April 19th, 2007 at 3:23 pm

    I apologize for not getting around to this earlier, but I wanted to mention my trip last week to the Wharton Economic Summit. The school [...]

  • Eaton Vance Hits New High
    , April 19th, 2007 at 12:32 pm

    Shares of Eaton Vance (EV) are at a new high today. Since its 1975 low, the stock is up over 300,000%. The gold line is [...]

  • First-Quarter Earnings Parade
    , April 19th, 2007 at 9:47 am

    Lots of earnings this morning. Danaher (DHR) reported earnings of 78 cents a share, one penny ahead of expectations. Sales were up 20% to $2.56 [...]

  • Yesterday’s Power Lunch
    , April 18th, 2007 at 2:18 pm

    Did he say “Sanjana”?

  • Protecting GM’s Image
    , April 18th, 2007 at 12:26 pm

    It’s funny, but true. GM’s book value per share is $-9.62.

  • Wall Street and the Priceless Pooch
    , April 18th, 2007 at 10:24 am

    Bloomberg interviews Matthew Klein, who has a new book out called “Con Ed.” I apologize for the long quote, but it’s needed to convey my [...]

  • Yahoo Watch
    , April 18th, 2007 at 9:48 am

    After the close yesterday, Yahoo (YHOO) reported earnings of 10 cents a share, a penny below forecasts. The stock is down about 11% this morning. [...]

  • Warren Buffett, Hell Inch Closer to Rendezvous
    , April 18th, 2007 at 7:48 am

    Fortune asks if Warren Buffett is “helping to support genocide in Darfur.” Berkshire has become a target of the divestment campaign because it owns 2.3 [...]

  • Breaking: The S&P 500 Is in the Black for Millennium
    , April 17th, 2007 at 7:00 pm

    It took awhile, but the S&P 500 is now positive for the millennium. In your face, bears! It’s also up for the century. And decade! [...]