Archive for July, 2007

  • The Stock Market Adjusted For Inflation
    , July 18th, 2007 at 5:48 pm

    Here’s a look at the S&P 500 including dividends and adjusted for inflation. You can see that we’re just shy of the market’s peak from [...]

  • Associated Banc-Corp
    , July 18th, 2007 at 11:32 am

    Here’s another example of a stock with a great long-term track record that no one has ever heard of. Associated Banc-Corp (ASBC) is a mid-cap [...]

  • Amphenol Beats Earnings and Raises Guidance
    , July 18th, 2007 at 11:10 am

    This morning, Amphenol (APH) reported earnings of 46 cents a share, one penny more than expectations. Net income rose 58% over last year. Sales rose [...]

  • Bernanke’s Testimony
    , July 18th, 2007 at 10:51 am

    Here’s the key part of Bernanke’s testimony today: Overall, the U.S. economy appears likely to expand at a moderate pace over the second half of [...]

  • Today’s CPI Report
    , July 18th, 2007 at 10:35 am

    The government reported that headline consumer inflation rose by 0.2% last month. The core rate rose by 0.2%.

  • Buy List Earnings This Week
    , July 17th, 2007 at 4:49 pm

    The earnings parade will start for our stocks this week. Tomorrow, Amphenol (APH) reports. Then on Thursday, Danaher (DHR), Unitedhealth (UNH) and Harley-Davidson (HOG) report. [...]

  • Crashing DealBreaker
    , July 17th, 2007 at 1:28 pm

    I was in New York last week and while riding in a cab, the driver spotted a printer left on the curb. He pulled over, [...]

  • GE’s Balance Sheet
    , July 17th, 2007 at 11:44 am

    How big is General Electric (GE)? This should give you an idea. I was scanning the earnings press release. Under “Assets” the company list $124.4 [...]

  • Wall Street Loves Obama
    , July 17th, 2007 at 11:32 am

    (Via Yglesias) Senator Obama’s top contributors are Lehman Brothers, $160,760; Citadel Investment Group, $152,150; Goldman Sachs, $103,550; JP Morgan Chase, $101,950 and Citigroup $61,125. Here’s [...]

  • The Exchange Rate’s Impact on the Stock Market
    , July 17th, 2007 at 10:59 am

    The U.S. dollar has been in freefall lately, but it seems to have little or no impact on the stock market’s rally. In fact, it [...]

  • Dow Jones & News Corp. Reach Possible Deal
    , July 17th, 2007 at 7:36 am

    It could really be happening. The Dow Jones (DJ) board will be meeting tonight to decide on Rupert Murdoch’s $5 billion offer. This deal should [...]

  • KKR Cancels Loan Deal for Maxeda
    , July 16th, 2007 at 10:49 am

    Here’s a small story that could be the start of a much larger story (cue scary music). Kohlberg Kravis Roberts just canceled plans to sell [...]

  • Waitress Wins CNBC Stock-Picking Contest
    , July 16th, 2007 at 7:08 am

    Congratulations to Mary Sue Williams of St. Clairsville, OH. The waitress and former welder (no really) won CNBC’s Million Dollar Portfolio Contest. Williams said she’s [...]

  • Robert M. Solow on Joseph Schumpeter
    , July 14th, 2007 at 11:51 pm

    From the New Republic: In my view — and that of most contemporary economists, I believe — Schumpeter’s most original and most lastingly significant book [...]

  • The Stock Market Moves Closer to Fairly Valued
    , July 13th, 2007 at 6:19 am

    According to the “Fed Model,” the stock market is still undervalued but a lot less than it was a few weeks ago. Thanks to yesterday’s [...]

  • Rahodeb Greatest Hits
    , July 12th, 2007 at 8:36 pm

    Earlier, it was reported that Whole Foods CEO John Mackey was posting under the name “rahodeb” on Yahoo Finance message boards. If you think I [...]

  • Charge!
    , July 12th, 2007 at 7:28 pm

    I defended the bull market on October 25 when the S&P 500 was at 1382. I did it again on February 22 when the S&P [...]

  • Nice Turnaround
    , July 12th, 2007 at 2:24 pm

    Just 28 hours ago, the S&P 500 looked like it was going to fall below 1,500, and now we’re close to a new all-time high. [...]

  • It’s Over: Biomet Shareholders Accept $46 Offer
    , July 12th, 2007 at 12:50 pm

    They needed 75% and they got 83%. Biomet Inc. shareholders accepted a $11.4 billion buyout offer from a private equity consortium attempting to acquire the [...]

  • John Mackey Channels Patrick Byrne
    , July 12th, 2007 at 11:14 am

    From DealBook: John P. Mackey, the co-founder of Whole Foods Market, has never lacked for personality. As it turns out, that was only the half [...]