June 2008
June 24, 2008 –
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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]
June 23, 2008 –
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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 –
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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]
June 17, 2008 –
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]
June 13, 2008 –
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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]
June 12, 2008 –
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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]
June 11, 2008 –
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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!
June 10, 2008 –
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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]
June 06, 2008 –
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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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