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S&P 500's Best and Worst Net Income Change

So what is the point of this? Buy the dogs and sell the companies with real earnings? Many of the financials will never recover in share price for two reasons, namely, there ability to lever the balance sheet and party in SIV land is over, and exisiting shareholders in most cases have been diluted into oblivion.
Aug 04 05:05 am |Rating: 0 0 |Link to Comment |View article
More of the Same

Maybe the Arab sovereign funds will buy them all out and dilute all US shareholders into oblivion?
Jul 29 11:54 am |Rating: 0 0 |Link to Comment |View article
Value in Regional Bank Stocks?

If Wachovia writes down most of the Golden West purchase, what book value will be left? Investors have seen the stock fall in 12 months from the mid 50's to $17 and change. FHN is cleaning up all of the stupid "we want to be a big player" mistakes and going back to basic blocking and tackling. What major bank will go bust first? Vegas odds say WaMu.
Jun 18 09:29 am |Rating: 0 0 |Link to Comment |View article
The Second Wave of Bank Troubles

FHN has cleaned up most of the mess, selling all the crap that got them into trouble in the first place, at a cost of 75% or more to existing shareholders! So what is their second shoe? And what are the odds BAC cuts its dividend and raises capital? And why did they close on $4 Billion CFC if it is all bad long term? What is long term? 3 quarters or 3 years? And what was WB thinking when it overpaid at $25 Billion for Golden West? Their current Board Chairman, and acting interim CEO, Smith, has presided over 20 years on the board of First Union's stalwart acquisitions, which led them to change their name to protect the guilty when they stole Wachovia. Infact, the only decent acquisition First Union has likely done is steal WB, but then they had to grease the palms of the outgoing CEO at Wachovia, Baker.
Jun 10 12:40 pm |Rating: 0 0 |Link to Comment |View article
Time to Buy Financials? 4 Potential Picks

LEH is a crap shoot; how much sub prime crap do they have on the books? The others seem ok, however, HNL is probably cutting its dividend. Why not WM and CFC? They have the most to gain if the sector is turning.
Jan 07 00:46 am |Rating: 0 0 |Link to Comment |View article

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Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
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Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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