Sovereign Bancorp: Finally a Bottom?
May 21, 2008
Sovereign Bancorp (NYSE: SOV) has been beaten down badly. They, like every other bank, made poor decisions when selecting which loans they would fund. As an investor, it’s my job to look for signs that struggling banks have finally hit bottom. If such signs existed, certain banks would be the value of the decade. Well, folks, I think I found such a sign in Sovereign. Read more »
Countrywide CEO: Struggling Homeowners “Disgusting”
May 21, 2008
Facing the potential loss of his home, Daniel Bailey decided to do what his lender, Countrywide Financial (NYSE: CFC), said to do: contact them to work out a deal so he can keep his house. Mr. Bailey didn’t expect, however, to receive a reply from the CEO, Angelo Mozilo. Read more »
How to Win the CNBC Million Dollar Challenge
May 13, 2008
I know many “experts” are writing on this very subject, but how many of them won one of the prizes last year? My guess is none. Well, except me. I won the very first week of the challenge last year, churning out a solid 73% gain in the week. Here’s how you should play this challenge, and it’s how I won last year. Read more »
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 »
Investing Strategy: Value/Growth Blend
May 5, 2008
There are many investment strategies used by a myriad of both individual and professional investors. Some prefer the growth strategy while others prefer a value approach. While both good in their own regard, a combination of the two trumps them both, and here’s why. 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Chief Executive Officer, Jerry Yang, who is facing serious legal battles after a bid from Microsoft (NasdaqGS: MSFT) was retracted.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 »
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