Monthly Archive:: April 2008

More Earning Season Results

YRC Worldwide (YRCW): Q1 EPS -$0.81 not comparable to consensus of -$0.25. Revenue of $2.23B in line. Sees Q2 EPS of $0.30-0.40, better than consensus of $0.33. Vale (RIO): Q1 EPS of $0.41 misses consensus of $0.52. Revenue of $8.05B vs. consensus of $8.74B. Shares fell 5% Microsoft (MSFT): FQ3 EPS of

China Mobile: A Stock With Alot Of Upside

IntroductionChina Mobile Limited (CHL) is an investment holding company and a mobile services provider in China. Its principal activity is providing mobile telecommunications and related services in 31 provinces, autonomous regions and directly administered municipalities in Mainland China and Hong Kong. As of December 31, 2007, the total number of subscribers reached

Q1 2008 Earning Season – Part 1

Yahoo! Reaffirms Revenue GuidanceYahoo! (YHOO) said it expects second quarter revenue of $1.73 billion to $1.93 billion and continues to expect 2008 revenue of $7.20 billion to $8.00 billion, including TAC. The current consensus estimate is revenue of $1.4 billion for the quarter ending June 30, 2008 and revenue of $5.7 billion

Economists Even More Gloomy About US Prospects

CNBC has a story about how economists are gloomy about US economy: Economists Even More Gloomy About US Prospects Business economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months. The National Association for Business Economics said that the 109 members who

April Weekly Buzz

CEOs are pessimistic about the economy (kansascity.com) World Markets Says U.S. Economy in a Recession (bloomberg.com) Mortgage fraud is a growing problem (azcentral.com) 4,000 U.K. Real Estate Agents Might Have to Close (bloomberg.com) Financial Meltdown and the Madness of Imperialism (indybay.org) The Housing Crisis and Credit Crunch (rightsideadvisors.com) Citigroup May Need to

Credit Crisis Could Affect Markets for Decade

CNBC has a story about how credit crisis affect markets for decade : Credit Crisis Could Affect Markets for Decade The credit crisis will affect financial markets for at least a decade and lead to greater regulatory powers for central banks, analysts at JP Morgan said. “Market participants and regulators will focus

Credit Crunch Hurts Hedge-Fund Stars

WSJ: Credit Crunch Hurts Hedge-Fund Stars David Tepper, founder of hedge-fund firm Appaloosa Management LP, saw a negative 17% return last quarter in two funds with more than $6 billion in assets combined as bets on distressed debt went awry, according to fund documents. His Appaloosa Investment and Palomino funds gave up

April 9th: Daily Doze

Small Business Optimism Index Hits All-Time Low (CNBC) Despite upbeat commercial real estate report, experts worried (Maryland Daily) China becomes world’s biggest gold producer (AFP) Pending Home Sales Fall 1.9% to Record Low (CNBC) Are We In Denial About The US Economy & Stock Market? (ETFGuide) Retail real estate market sluggish in

200 DMA: Something Big Is About To Happen

IMF Issues Gloomy Assessment of Markets

News Press: IMF Issues Gloomy Assessment of Markets The International Monetary Fund on Tuesday said the global credit crisis, despite some recent improvement, remains a significant threat to economic growth. Despite “unprecedented intervention” by central banks such as the Federal Reserve, “financial markets remain under considerable strain, now compounded” by a slowing