Goldman Sachs $4.58 EPS Beats Estimates of $3.42
Goldman Sachs just reported its second quarter results this morning. The company earns $4.58 EPS which beats the concensus estimates of $3.42 by $1.16. In this volatile market and bad economy, Goldman Sachs still managed to have a strong quarter. With its wise investment strategies, Goldman Sachs is able to survive and thrive in this [...]
Tagged as: diversification, Earnings, goldman sachs, investment banks, managment, morgan stanley, volatile, writedownsCompanies That May Turn Around
COH – Coach Inc.
In the early morning press release, Coach said that it is going to open the first Hong Kong global flagship store in summer 2008, in the Lan Kwai Fong area located near Central (Link). This is very good news considering Hong Kong is the shopper’s heaven.
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, volatileShaky Market
Happy New Year!
It looks like that overall the stock market is not in a good condition. Beginning the year 2008, many stocks are at their multi-year lows. Stocks that are deemed “overvalued” are dropping hard. Such examples include VMW, CROX, N. Don’t get me wrong, I think VMware and Crocs are great companies, but the current [...]
Yahoo!
Bought 1000 YHOO shares @ 23.39 USD
I bought Yahoo because of the following reasons:
It is near the lows of the past 3 years.
It is the 2nd largest search engine in the world.
Online advertising is still a major trend in the Web industry.
It is not as volatile as other stocks like Google.