April 2009
April 30, 2009 –
I've done enough procrastinating today, so I'm signing off but I wanted to share these great political cartoons with everyone before left. I love these things. Enjoy! [more]
April 30, 2009 –
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RELATED TICKERS: CN
, BC
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April 30, 2009 –
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RELATED TICKERS: GM
I recently read an estimate from a fearmonger who believes that 250,000 people will lose their jobs as a result of General Motors and Chrysler dealership closures. Here's how they arrived at that estimate: [more]
April 30, 2009 –
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RELATED TICKERS: GM
[more]
April 30, 2009 –
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April 28, 2009 –
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RELATED TICKERS: BOOM
, R
, S
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April 28, 2009 –
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April 28, 2009 –
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RELATED TICKERS: JNJ
[more]
April 28, 2009 –
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RELATED TICKERS: BAC
, C
[more]
April 27, 2009 –
I started to write a post on the common stock of a company that is sitting within shouting distance of its 52 week low, pays a solid 3.5% dividend that is easily covered by its cash flow, that has a great management team, actually might benefit from a slowdown in consumer spending, certainly would benefit from a fall in the U.S. dollar, and that has been a solid performer for decades before I shocked myself and actually pulled the trigger on my first purchase of common stock in months. [more]
April 27, 2009 –
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RELATED TICKERS: SFD
, OMAB
, PAC
[more]
April 24, 2009 –
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April 24, 2009 –
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RELATED TICKERS: BBBY
, BBY
, F
[more]
April 24, 2009 –
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RELATED TICKERS: CHK
[more]
April 23, 2009 –
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RELATED TICKERS: CBS
, GM
While most companies have elimintated their pension programs completely, never had one to begin with, or switched to Defined Contribution plans that stipluate the amount of money that they have to put into the retirement fund rather than the payout, a number of older companies still have problematic Defined Benefit pension plans that are severely underfunded. [more]
April 23, 2009 –
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RELATED TICKERS: COF
, DFS
[more]
April 23, 2009 –
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RELATED TICKERS: ALV
[more]
April 22, 2009 –
The NYT, which has some serious financial problems of its own (see article: Times has only $34 million left in bank), published a great piece today on why home prices are likely to continue falling by at least another 15% even though they are close to "fair value" in terms some metrics like their relation to rent and income. [more]
April 22, 2009 –
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RELATED TICKERS: GM
, F
[more]
April 22, 2009 –
In my previous post I stated that I believe deflation is more of an immediate threat than inflation...unless the market begins to choke on all of the Treasuries that the U.S. government has to issue to pay for its massive budget deficit at a time when tax receipts are collapsing. [more]
April 21, 2009 –
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April 20, 2009 –
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April 20, 2009 –
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RELATED TICKERS: UDN
, USO
, TIP
Inflation will reappear again in the future. It always does. It's in the interest of an indebted government for it to exist in the long run. For now however, inflation isn't even close to being here. In fact, it could a while before it arrives. [more]
April 20, 2009 –
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April 17, 2009 –
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April 16, 2009 –
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RELATED TICKERS: DOW
, DUK
, ALL
A couple of days ago, I blogged about NV Energy, a power company that is trading below its book value (see post: Yum, a power company that's trading below book value). Today I came across a great Bloomberg article by John Dorfman that talks about five more companies, big ones, that are currently trading for less than their book values. [more]
April 16, 2009 –
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RELATED TICKERS: VTIV.DL
[more]
April 16, 2009 –
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April 15, 2009 –
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RELATED TICKERS: WMZ.DL
, ETE
[more]
April 15, 2009 –
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April 14, 2009 –
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April 14, 2009 –
I came across a company this afternoon in a sector that I love that is currently trading for less than its tangible book value. Check out these stats: [more]
April 14, 2009 –
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April 14, 2009 –
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RELATED TICKERS: SSN
[more]
April 13, 2009 –
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RELATED TICKERS: GE
, EXC
I wrote a post bashing a Barron's article that recommended buying GE Capital bonds a month or so ago (see post: Barron's is pumping the heck out of GE Capital bonds, but I'm not buying it). [more]
April 13, 2009 –
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RELATED TICKERS: AMX
[more]
April 11, 2009 –
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RELATED TICKERS: HOG
We're all screwed, but it's not for the reasons that you'd expect like housing or unemployment...there's a hidden menace out there that's a ticking time bomb. Eventually it will get us all. Don't watch this if you don't have your bomb shelters already fully stocked and your money buried in cans in the back yard. [more]
April 09, 2009 –
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RELATED TICKERS: TXT
[more]
April 08, 2009 –
Two well-known ivy league professors, Harvard's Joshua Coval and Erik Stafford and Princeton's Jakub Jurek, published a report yesterday stating that they believe the whole premise behind the government's toxic asset auction program, which I affectionately refer to as P-PIMP, is wrong. [more]
April 08, 2009 –
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RELATED TICKERS: CHK
, NBR
[more]
April 07, 2009 –
Here are a couple of odds and ends that I have been thinking about this afternoon. [more]
April 07, 2009 –
This weekend, the Financial Times had a great piece written by Roger Altman, the former United States Deputy Treasury Secretary under Bill Clinton. The piece, titled Why this will not be a normal cyclical recovery, jibes with my thinking on the current recession. [more]
April 06, 2009 –
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April 06, 2009 –
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RELATED TICKERS: CH
, OC
[more]
April 03, 2009 –
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April 03, 2009 –
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RELATED TICKERS: GS
, USO
[more]
April 02, 2009 –
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RELATED TICKERS: GM
, F
, TM
I always hate it when journalists, particularly headline writers, try to explain short term moves in the markets when they have no idea what they're talking about. Here's today's misleading article: [more]
April 01, 2009 –
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RELATED TICKERS: T
, LLY
, MRK
[more]
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