Archive for May, 2007

  • Dell’s Earnings
    , May 31st, 2007 at 11:20 pm

    After the bell, Dell (DELL) reported earnings of 34 cents a share. Here’s a look at Dell’s quarterly results for the last 10 year. These [...]

  • The Buy List So Far
    , May 31st, 2007 at 9:55 pm

    Now that the first five months of 2007 are down, let’s look at how our Buy List is doing: The red line is the Crossing [...]

  • Wachovia to buy A.G. Edwards
    , May 31st, 2007 at 11:52 am

    Fresh from buying Golden West Financial, Wachovia (WB) is now buying A.G. Edwards (AGE) for $6.8 billion in cash and stock. This will create the [...]

  • Gates and Jobs Joint Appearance
    , May 31st, 2007 at 10:41 am

    I noticed this sentence in the San Jose Mercury‘s story on yesterday’s joint appearance by Bill Gates and Steve Jobs: On a personal level, Jobs [...]

  • Surowiecki on Chrysler
    , May 31st, 2007 at 10:34 am

    In the latest New Yorker, James Surowiecki looks at Cerebus’ purchase of Chrysler. He says that “legacy costs” are a problem, but not the only [...]

  • Q1 GDP grew by 0.6%
    , May 31st, 2007 at 10:11 am

    The government reported today that the economy grew by 0.6% (annualized) in the first three months of this year. Actually, if you want to be [...]

  • New High on the S&P 500
    , May 30th, 2007 at 4:42 pm

    It finally happened! The S&P 500 closed today at 1530.23, a new all-time high. It took seven years and two months to break the old [...]

  • ISS votes Thumbs Down to Biomet Buyout
    , May 30th, 2007 at 10:00 am

    Great news this morning. Institutional Shareholder Services, the highly influential shareholder-advisory service, recommends voting against the Biomet (BMET) buyout offer. It’s about time someone spoke [...]

  • Cramer: “Why does everybody hate me?”
    , May 29th, 2007 at 3:01 pm

    From New York magazine: God knows why, but there seems to be a market for this kind of idiocy. In that first year, the ratings [...]

  • UnitedHealth Braces for Annual Meeting
    , May 29th, 2007 at 10:08 am

    UnitedHealth Group (UNH) is holding its annual meeting today in Minneapolis. The company said that it’s reformed, and I think the market may agree. The [...]

  • I’m Outta Here
    , May 25th, 2007 at 11:23 am

    I’m taking off for the long weekend so no posting today. I hope everyone has a great Memorial Day weekend!

  • 30-Year T-Bond Over 5%
    , May 24th, 2007 at 10:25 am

    Yesterday, the yield on the 30-year Treasury bond closed over 5% for the first time in nine months. With the yield at the short-end falling, [...]

  • Microsoft Says No to Yahoo Deal
    , May 24th, 2007 at 9:26 am

    Reuters reports: Microsoft said Wednesday that it did not need to buy Yahoo to gain scale in online advertising, because it had “all the pieces” [...]

  • SEI Investments Announces Stock Split, Boosts Dividend
    , May 23rd, 2007 at 8:17 pm

    Good news from SEI Investments (SEIC). The company announced a two-for-one stock split for next month. SEIC also raised its dividend from 12 cents a [...]

  • Medtronic’s Earnings
    , May 23rd, 2007 at 11:15 am

    Medtronic (MDT) reported earnings of 66 cents a share for its fiscal fourth quarter.. This was four cents ahead of analysts’ expectations. Some analysts, however, [...]

  • Refiner Stocks
    , May 23rd, 2007 at 10:36 am

    Here’s a look at Valero Energy (VLO), Holly (HOC) and Frontier Oil (FTO) since October 2002. The flattish gold line at the bottom is the [...]

  • Shanghai Bubble Watch
    , May 23rd, 2007 at 10:23 am

    When I used to be a sales assistant, I remember one day telling a client that her stock was up just one day after she [...]

  • Department of Irony
    , May 23rd, 2007 at 9:42 am

    The new head of the U.N. Commission on Sustainable Development is…. Zimbabwe? Zimbabwe is suffering its worst economic crisis since independence in 1980, with acute [...]

  • Guess This Stock
    , May 22nd, 2007 at 2:04 pm

    Here’s a blatant ripoff of a feature at the Kirk Report: Can you guess what stock this is? Here are some clues: It’s up nearly [...]

  • The Science of Central Banking
    , May 22nd, 2007 at 12:12 pm

    Here’s a very odd story. The Bank of China recently raised interest rates by 18 basis points and its one-year deposit rate by 27 basis [...]