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May 2009



Notes on General Electric

May 20, 2009 – Comments (0) | RELATED TICKERS: GE , DODIX

I sold out of my small position in GE shares. I came out with a 10% gain, but was down up to 30% at one point.  [more]



Warren Buffett on railroads: Burlington the best, but Union Pacific good enough

May 16, 2009 – Comments (0) | RELATED TICKERS: BNI.DL , UNP

Per Gurufocus, Warren has boosted his stakes in both Burlington and Union.  [more]



Seekingalpha on Railroads: BNI best, followed by UNP

May 12, 2009 – Comments (0) | RELATED TICKERS: BNI.DL , UNP

An excellent Seeking Alpha article on railroads argues that Burlington Northern is the best of the breed, followed by Union Pacific.   [more]



Stress tests: GS, USB and JPM need not raise capital, Wells needs $13.7bn, BoA dead

May 07, 2009 – Comments (2) | RELATED TICKERS: USB , WFC , JPM

As I write this, there are some stress test results up on the front page of Marketwatch. Goldman Sachs, US Bancorp and JP Morgan don't need new capital. Wells needs $13.7bn; this is unfortunate, but they will survive. BoA needs over $30bn. Citi needs $5.5bn.

With the dilution, BoA will be near worthless. Citi was already basically worthless. I believe Warren Buffet stated that he felt Wells should not need new capital.

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