Posted in Investing on Sep 28th, 2007 No Comments »
I wrote about Krispy Kreme Doughnuts back on September 13 and was accumulating at anything below $3.50/share and ended up with an average price per share of about $3.20.
I’m now wishing I had backed up the truck rather than only purchasing a few thousand shares of KKD. In one week the stock has climbed 35% [...]
Posted in Quixtar/TEAM on Sep 26th, 2007 No Comments »
One of Alticor’s corporate blogs has announced some new information regarding the lawsuit filed by TEAM founders in California court and boy is it a doozie.
Don Wilson and Randy Haugen have asked to withdraw from the lawsuit. This is not making things look very promising for the TEAM founders’ lawsuit against Quixtar/Alticor. Perhaps this abandonment [...]
Posted in Making Money, News on Sep 24th, 2007 No Comments »
This morning was welcomed by news that the UAW has called a nationwide strike of all General Motors plants amid an impasse over contract negotiations which seem to center job security for its members in the future. Now, when a strike is called, these workers cease getting paid their average $27/hour pay at the GM [...]
Posted in Economy, Free Stuff on Sep 23rd, 2007 No Comments »
Now that the Fed has lowered the fed funds rate 50 basis points I’ve already noticed the impact on my personal finances. My ING Direct savings account has seen its interest rate drop from 4.5% to 4.3%, this should trickle down through the credit markets and allow for cheaper mortgages, auto loans and credit card [...]
Posted in Economy, Investing on Sep 21st, 2007 No Comments »
The US Dollar and Canadian Loonie have become virtual equivalents in the currency exchange today. This is the first time in 31 years that such a thing has happened between the two currencies. I remember on my trips to Canada when I was younger that we could get $1.60 in Canadian money for every dollar [...]
Posted in Investing on Sep 20th, 2007 No Comments »
Citigroup recently changed its price target for Nutrisystem Inc (NTRI) from $90/share to $81. They cite lower than expected sales because of the new diet drug Alli, which I touched on in a previous post about Alli vs. Nutrisystem. This n.ews prompted a quick selloff and a 10% drop in price. However, I think the [...]
Posted in Economy, Investing on Sep 18th, 2007 No Comments »
In a very dramatic turn of events, Ben Bernanke and the Federal Reserve have lowered the federal funds rate 50 basis points. I, for one, am quite shocked that the cut was this large. As predicted, the stock market soared immediately following the announcement with the Dow Jones Industrial Average up almost 200 points within [...]
Posted in Economy, News on Sep 17th, 2007 No Comments »
Northern Rock PLC is Britain’s 5th largest mortgage lender and is suffering from a run on its bank branches by thousands of Britons as they rush to withdraw their money citing insolvency concerns. On Friday, the Bank of England made an emergency loan to Northern Rock to help them satisfy the billion in cash withdrawals [...]
Posted in Economy, News on Sep 17th, 2007 No Comments »
Today marks the release of former Federal Reserve Chairman Alan Greenspan’s book, “The Age of Turbulence: Adventures in a New World.” This book was begun by Greenspan the day his replacement, Ben Bernanke, took office. It is being released today and I should be receiving my pre-order in the mail either today or tomorrow. I’m [...]
Posted in Economy, Real Estate on Sep 16th, 2007 No Comments »
Tuesday is the big Fed rate decision that has been playing havoc on the markets for the past few weeks. The market has pretty much priced in a 25 basis point reduction in the fed funds rate, but more and more people are thinking a 50 point reduction is possible. I’m really torn on whether [...]
