MasterCard earnings beat estimates, shares jump
* EPS $2.67; Street view $2.43
* Revenue up 2.7 percent; expenses down 13 percent
* Shares rise 7 percent (Adds details, updates stock price)
By Juan Lagorio
NEW YORK, July 30 (Reuters) – MasterCard Inc (MA.N), the world’s second-largest credit card network, reported better-then-expected quarterly earnings Thursday as it raised fees charged to banks and cut expenses, sending [...]
Goldman’s real estate gambit
Is history repeating itself at Goldman Sachs?
In late 2006, Goldman shrewdly began backing away from the residential mortgage market. With little fanfare, the firm began aggressively hedging its exposure to home loans, in particular mortgages to borrowers with shaky credit histories.
This savvy and somewhat stealthy strategy enabled Goldman to pawn off lots of its soon-to-be [...]
Gambling on Casino Stocks
It might be ironic to invest in casino stocks, but these stocks are looking quite attractive at the moment. No matter how bad the economy may look, people will still gamble at the casinos.
WYNN @ 47
One of the highest ranked luxurious casino resorts in Las Vegas
Recently released a very strong quarter about 2 weeks ago
Just [...]
Stock Picks
Bullish (buy price)
DRYS @ 14
Extremely low P/E ratio
Undervalued compared to other dry shippers
PCLN @ 54
People going to vacation during holidays
Strong revenues in past quarter
Excellent management team
GS @ 70
One of the longest standing investment banks that have strong forecasts
Very low P/E ratio
BBY @ 25
Holiday season approaching
Low P/E ratio
Circuit CIty gone bankrupt means less competition
Coffee Time!
THI – Tim Hortons
Even though I am Canadian, I am one of the exceptions that don’t really like Tim Hortons coffee that much. I think that McDonalds and Starbucks make better coffee (when they are fresh). Many other Canadians think Tim Hortons coffee is good because it is always fresh and the prices are relatively [...]