Beware of the Financial Value Trap
May 12, 2008
JPMorgan (NYSE: JPM) CEO Jamie Dimon said on Monday that he anticipates a deep and protracted recession in the aftermath of the credit crisis. Investors should heed this warning and make sure they don’t fall victim to the value trap. Read more »
Merrill’s Level III Assets Jump by 68%
May 6, 2008
Merrill Lynch (NYSE: MER) reported today that their Level III assets - those that are the hardest to value - jumped to $68.9 billion from $41.4 billion reported at the end of 2007. An increase of this magnitude signals that the end of the financial crisis may not be as near as many have thought. Read more »
Yahoo’s Jerry Yang: Oops, My Bad
May 5, 2008
Yahoo! Inc. (NasdaqGS: YHOO) has seen better days. The same could be said for the company’s Chief Executive Officer, Jerry Yang, who is facing serious legal battles after a bid from Microsoft (NasdaqGS: MSFT) was retracted. Mr. Yang has gone from Chief Executive Officer to Chief Damage Control Officer. Read more »
