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, taxpayersCitigroup Reverse Split
Citigroup just announced that it might do a reverse split on the stock if it needs to. This won’t happen anytime soon but they are thinking of doing this before June 2010. IMO, reverse splits are very bad for the shareholders. It might be a good thing for the company because it may “appear” to [...]
Tagged as: citigroup, dilution, Economy, government, reverse split, shareholders, taxpayersBailout or Bankruptcy?
GM and Ford will not fail. IMO, they are just too big to fail. The automotive industry is huge, and the global economy largely depends on it because a car is a necessity for many people. If GM and Ford fail, it will create a total disaster for the global economy. Millions of jobs will [...]
Tagged as: automotive, bailout, bankruptcy, competition, Economy, ford, fuel-efficiency, gasoline, gm, government, honda, japanese, jobs, labour, toyota, uaw, unionsWal-Mart Earnings
Wal-Mart is set to release its 3rd quarter earnings report before the market opens today (Thursday). The movement of the market largely depends on Wal-Mart’s earnings since a bad jobless claims report is expected and thus doesn’t affect the market as much. As long as Wal-Mart releases a good report and the jobless claims report [...]
Tagged as: competitors, Earnings, Economy, jobless claims, wal-martGambling 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 [...]