Reading Time: < 1 minute (Update) According to Dow Jones News, USB sold 139 million shares at $18 per share. See the news at WSJ. (Original) When I say cheap, I meant in relative terms. My benchmark: Buffett endorsed 2 banks in Berkshire annual shareholder meeting: US Bank (NYSE: USB) and Wells Fargo (NYSE: WFC). Many people did not know
Reading Time: < 1 minute A guranteed way to lose money: listen to so-called experts. Barrons is a pretty reputable magazine in investment community. I read them, but I don’t listen to them. Here is an example: the reporting card of Barrons Roundtable 2008. Every year (Jan) Barrons will assembly a group of experts, from famous money managers to analysts
Reading Time: < 1 minute We often from financial experts that volatility in our portfolio is bad. Or in other words, not only do we want good return, but we also want the path to that is smooth. I think most people would agree with that. My CFA preparation book also talked about this idea in “Portfolio Management” section. So
Reading Time: < 1 minute (Update 24Apr09 afternoon) Sold my position. Moody just downgraded its debt rating: reminds me of the WaMu debt rating downgrade shortly before its fall. (Original) Warning: this is a very speculative play. Also don’t confuse this with CitiGroup (NYSE: C). The ticker of CIT group at NYSE is CIT. (Source: NYSE) 4 Analysts downgraded this
Reading Time: < 1 minute Dan Ariely (bio) is an expert in behavioral economics, and his recent book Predictably Irrational is well received. It is also quite relevant amid this financial market (and institutions) meltdown. 10 min audio (with slide show)
Reading Time: 2 minutes This is typically what happens, shortly after I sold a stock, it becomes golden goose. This can be best exampified by the US Bank stock (NYSE: USB). I bought some yesterday afternoon shortly before close. But I kind got a buyer remorse, thought my $16.50 price is a bit high. More importantly, I don’t know
Reading Time: 2 minutes (Update 20Apr09) Found this trick in google finance (chart), hold on mouse “up” or “down”, the time frame of stock chart extends or contracts. Stock Screener Here is an example: market cap $5 b to 25 b; PE ratio 10 to 20; dividend yield 2% to 5%; return on equity 15% to 25% (last 5
Reading Time: < 1 minute Pfizer (NYSE: PFE) agreed to buy Wyeth (NYSE: WYE) on Jan 26 2009 (forbes). Quote Forbes: According to the terms of the deal, each outstanding share of Wyeth will be converted into $33.00 in cash and 0.985 of a share of Pfizer stock, valued at$15.57 per share, based on Pfizer’s current price. Last I checked:
Reading Time: 2 minutes (Update) Big bro started to act now. (Original) We all know the stock rating game: I mean those “buy”, “hold” and “sell” rating usually issued by sell side (brokeage) analysts. They are mostly not objective, because at the end of the day the dealers want to sell you more stocks, regardless they are good or
Reading Time: 2 minutes Week in review 030109 to 030709 We are officially in Obama bear market (source: Bloomberg), in other words, the stock market (i.e., Dow industrial for most people) dropped 20% since President Obama took office in Jan 20. Yesterday S&P 500 briefly touched 666 (the number of devil), pretty scary, huh? I am sure this economy/financial
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