The Future of the Auto Industry
Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Tagged as: american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayersUS in Recession: It is Now Official!
Sometimes, the early bird gets the worm. The “news” of US recession is almost a year old. Like everything else, by the time the news reaches the general public, it is already too late. Many people already knew that we are already in recession but others are too naive to believe it and face the [...]
Tagged as: automakers, bailout, bankrupt, bear market, debts, ford, gm, jobs, oil, recessionStock 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
Total Chaos in the Stock Market
There were lots of speculation as what will happen to Lehman Brothers on Monday. Not surprisingly, they just filed for Chapter 11 Bankruptcy Protection around 12:30 am on Monday. Meanwhile, Bank of America is buying Merrill Lynch for $44 billion at $29 a share.
I don’t understand why in the world would Bank of America would [...]
Bank of America Is Close to Buying Countrywide
IMO, this news is really unexpected. CFC is losing money in every quarter and is close to going bankrupt. Out of the blue, Bank of America, the 2nd largest US bank, is buying Countrywide Financial Corp. Congrats to those who bought this just before 2:30 PM. Be sure to take some profits, and just be careful because [...]
Tagged as: bank of america, bankrupt, countrywide, takeover, volatile