Archive for May, 2007

• Dell’s Earnings
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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%
  Eddy, 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
  Eddy, 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
  Eddy, 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?”
  Eddy, 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
  Eddy, 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
  Eddy, 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%
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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
  Eddy, 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 [...]