Archive for February, 2009

  • Time for a Nice Shot in the Arm
    , February 28th, 2009 at 2:19 pm

    Barron’s has good things to say about one of our Buy List stocks, Baxter International (BAX): The giant health-care company, which specializes in blood-protein treatments [...]

  • Warren Buffett's 2008 Shareholder Letter
    , February 28th, 2009 at 11:17 am

    Here’s the latest shareholder letter from Warren Buffett. This is part of what he said to say about 2008: As the year progressed, a series [...]

  • Warren Buffett’s 2008 Shareholder Letter
    , February 28th, 2009 at 11:17 am

    Here’s the latest shareholder letter from Warren Buffett. This is part of what he said to say about 2008: As the year progressed, a series [...]

  • Stat of the Day
    , February 27th, 2009 at 1:18 pm

    Shares of Citigroup (C) are currently trading at $1.52. The current divisor for the Dow Jones Industrial Average is 0.125552709. That means that Citigroup makes [...]

  • The End of the Euro
    , February 27th, 2009 at 12:41 pm

    According to some, the euro could come to an end soon: Richard Howard, a managing director for global markets at Dallas-based Hayman, said Germany may [...]

  • More Troubles With Double Negatives
    , February 27th, 2009 at 12:23 pm

    This time from the White House. “This is the first step towards getting health-care reform done this year,” White House domestic policy adviser Melody Barnes [...]

  • Puzzling Quote of the Day
    , February 27th, 2009 at 12:11 pm

    From the New York Times: Mr. Pandit described the exchange as “bridge to profitability” that was intended to appease the markets. On a conference call [...]

  • Q4 GDP Revised Downard
    , February 27th, 2009 at 9:25 am

    The Feds just revised fourth-quarter GDP to -6.2% from its earlier estimate of 3.8% growth. This was the worst quarter since 1982; although the current [...]

  • Citi and Feds Reach Deal
    , February 27th, 2009 at 12:31 am

    The WSJ reports: Under terms being finalized late Thursday, the Treasury has agreed to convert some of its current holdings of preferred Citigroup shares into [...]

  • Department of Irony
    , February 26th, 2009 at 8:27 pm

    Good news! Congress has passed House Resolution 180 which supports “the goals and ideals of the third annual America Saves Week.” The vote was 415 [...]

  • The Sinking Mortgage Expert
    , February 26th, 2009 at 2:57 pm

    There’s got to be a metaphor in here somewhere.

  • Donaldson’s Earnings Streak Set to End
    , February 26th, 2009 at 1:26 pm

    Today is a sad day for lovers of high-quality stocks. Donaldson (DCI) lowered its 2009 EPS forecast to a range of $1.70 to $1.90, which [...]

  • WSJ: Stocks Drop to 50% of Peak
    , February 25th, 2009 at 4:34 pm

    The Wall Street Journal notes that the S&P 500 is now half of its peak. This is the only the second time in history that [...]

  • P/E Ratios Don’t Need to Be Cyclically Adjusted
    , February 25th, 2009 at 1:40 pm

    The Cyclically Adjusted Price/Earnings Ratio (or CAPE) has been getting a lot of attention lately. It was originally developed by Benjamin Graham, and Robert Shiller [...]

  • Ditch the Home Mortgage Deduction?
    , February 25th, 2009 at 12:10 pm

    Ed Glaeser says it’s time to do away with the home mortgage interest deduction. His five reasons are: Problem #1: Subsidizing interest payments encourages people [...]

  • The Wisdom of John Pilger
    , February 25th, 2009 at 10:54 am

    Two quotes from the vanguard of the proletariat: The New Statesmen, November 15, 1999: “No one can doubt [the Milosevic’s regime’s] cruelty and atrocities, but [...]

  • Eaton Vance's Earnings Plunge
    , February 25th, 2009 at 9:51 am

    Shares of Eaton Vance (EV) are up modestly this morning. The mutual fund company reported Q1 earnings of 21 cents a share, which is a [...]

  • Eaton Vance’s Earnings Plunge
    , February 25th, 2009 at 9:51 am

    Shares of Eaton Vance (EV) are up modestly this morning. The mutual fund company reported Q1 earnings of 21 cents a share, which is a [...]

  • Dogbert Keeps It Real
    , February 25th, 2009 at 9:22 am

  • "Well That Day of Reckoning Has Arrived"
    , February 25th, 2009 at 12:46 am

    The president lays out his plans: First, we are creating a new lending fund that represents the largest effort ever to help provide auto loans, [...]

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