Well, the FCC will vote on the Tribune deal for waivers for the next 2 years. This is independent of the FCC chairman's aim to deregulate the media ownership rules by a vote on Dec 18, seen to be too late for the TRB deal. [more]
According to WSJ's Market Data section, S&P 500 was +1.5% for the year Tuesday November 20th, after today's decline of 1.59%, the index should be negative for the first time this year.
The Dow Jones Industrial Index (DJIA) was up +4.4% for the year yesterday, it should be about 4.4 - 1.62 = +2.78% for the year.
Yesterday MCO reached $36.66, the last time this price was reached was in 2004. So, perhaps it makes sense to do a simple comparison of MCO's metrics back in 2004 and the present (using TrailingTwelve months data). MCO fell from a peak of $76 this year down by more than half because approximately 1/3 of the business comes from rating the mortgaged backed instruments, and the whole world thinks Moody's business is going to fall off the cliff. [more]
Disclosure: I do not have any position in TDC. [more]
The kind folks at Nokia has created www.mymobilesite.net which gives S60 handset owners the ability to run a free webserver off their mobile phone. [more]
one of my key investing selection criteria to choose companies with consistent earnings, revenues and good ROE metrics. I am currently going put this "consistency criteria" on probation not because it isn't important but it may not be enought. Recently two companies which I invested in, Levitt (LEV) and Georgia Gulf (GGC) are in trouble despite the fact that they fit this criteria. [more]
He is Walter Schloss. This original grahamite student is not as famous as the other student Warren Buffett. Walter Schloss and son Edwin charges 25% of profits, and they have managed to get a long term record (40 years!) of average 20% annual returns. [more]
I have absolutely no idea where my beloved Tribune Inc (TRB) is headed. There are two camps: the naysayers now say that financing isn't an issue but the FCC is, and then there is the sam-zell camp (of which I profess I am one) which to quote the Oct 24th Deutsche Bank analysts: [more]
Below are some stocks that have been recommended in the past couple of months. I spent some time today reading up on the thesis and putting a "ToDo" on the stocks. [more]
The stocks in my portfolio are on sale. [more]
Yesterday, the market rose 1+% and today the S&P dropped more than 2.5%. Looking at my stocks, I fail to understand why Citibank is suddenly deemed 6.89% cheaper by the analyst community. Or why over a course of two days, DFS dropped 8% from the peak yesterday of 20.90 to the closing today at 18.52. [more]