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TLStockPicks (88.92)

June 2008



3Com: The Most Misunderstood 2-Star Tech Stock with a Number at the Beginning of its Name. Ever.

June 24, 2008 – Comments (3) | RELATED TICKERS: COMS

I love... desk.  I love... lamp.  I love... 3Com stackable switches.  Am I just looking at things in my office and saying I love them?  I sure am!  [more]



Arbitrage: Bunge/Corn Products

June 23, 2008 – Comments (0) | RELATED TICKERS: INGR , BG

I'm trying to figure out how to play this one.  As most of you have heard, food conglomerate Bunge Ltd (BG) offered $4.48B to buy out Corn Products Int'l (CPO), which translates to about $56/share.  Although CPO started the day up at almost $55, it has given up about 5 dollars, trading at exactly $50 at the time of this writing (2.20pm), though still up 17% since Friday's close.  Meanwhile, Bunge has fallen over 10%, although it actually started in the green at the beginning of the day.  The merger is slated to be consumated in 4Q08 where CPO shareholders would acquire $56 worth of BG stock at the end of the day, thereby gaining approximately 20% of the ownership of BG.  [more]




June 18, 2008 – Comments (0) | RELATED TICKERS: NVDA

This is a great article that sheds some light on the future of high performance computing technology.  I will warn that it's a bit boring (and very long... and requires some technical knowledge to understand).  It discusses Nvidia's graphics chips that are designed to allow programmers to unlock their massive potential.  [more]



Happyness of the Unedjikated

June 17, 2008 – Comments (20)

RutledgeAvenue just posted in his CAPS blog a short book review of The Pursuit of Happyness, which I never read, though I must say was a very entertaining movie.  (In short, it's the story of Chris Gardner, a self-made millionaire despite having no college education and having lived on the streets with his son while going through a wall street firm's stock brokerage training program which paid very little.)  [more]



Goldman Sachs Doesn't Comment on Rumors?

June 13, 2008 – Comments (2) | RELATED TICKERS: GS

I'm bullish on GS.  I own shares of GS.  I think they're best in breed, well managed, and did the best job at navigating the whole asset write-down debacle.  But, as most of you know, the stock took a beating last week due to rumors of a large, unexpected write-down.  Among many articles covering that story, this one also has a blurb on it:  [more]



Closing my BUD outperform call

June 12, 2008 – Comments (0) | RELATED TICKERS: BUD

In my rationale for calling a thumbs up for BUD, I mentioned that I was looking at it purely as an arbitrage play.  Now, the bid's been made, the stock's gone up around the 10% I was seeking since I made my call, and i'm pretty happy to take these gains and run.  If there's anything I learned from dabbling in arbitrage, it's that these things can fall apart for the most unexpected reasons.  No reason to be greedy and hang around for another 5% (assuming 65/share is the most inbev will offer) when the downside could be -20% back to the low 50's level.  [more]



To all those who doubted an Inbev/BUD takeover...

June 11, 2008 – Comments (0) | RELATED TICKERS: BUD

well, looks like you still have regulatory hurdles and shareholder voting to cheer for.  And I'm doubting that shareholders would turn down a sure profit like this in this type of market.  Time to get those DOJ/CFIUS blogs cranking!



NVIDIA's downgrade: WRONG.

June 10, 2008 – Comments (1) | RELATED TICKERS: NVDA

JoAnne Feeney of FTNMidwest downgraded NVDA today, from hold to sell.  Feeney is a 4/5 star analyst of NVDA according to Yahoo, and I must say that she has to have a huge set of cojones (figuratively, of course) to issue a SELL recommendation in the face of upgrades by Stifel Nicolaus & Co. (5/9 to Buy), S&P (5/27 to Strong Buy), JMP (5/28 to Outperform), Goldman (6/5, to Buy), some other Lastname&Lastnames, and positive comments from FriedmanBillings and Lehman.  But because she does have a good track record, I think it's important to dig into the reasoning behind her downgrade.   [more]



Averaging Down

June 06, 2008 – Comments (5) | RELATED TICKERS: DE

Cramer has brainwashed my brother... so much so that my brother believes "averaging down" is the way to go.    [more]

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