The FDIC shut down 5 more banks on Friday. First Regional Bank of LA, First National Bank of Georgia, Community Bank & Trust , Florida Community Bank, Marshall Bank, and American Marine Bank were all closed by the FDIC. Since January of 2008 155 banks have been shut down and there are more to come. 140 failed in […]
This is a list of stocks that I am watching because the prices appear to be good values. I have no position long or short in any of these companies. 1. Verizon (VZ)- Verizon is purely a dividend play for 2010. Growth will be tepid this year as the company’s landline business is shrinking. The growth […]
Sign up for you chane to win the Money Crashers 2010 New Years Giveaway! The contest ends Sunday january 31st, 2010 Can you believe that it’s already 2010? Of course the New Year brings a new set of goals and resolutions and I’m sure you all are revved up to make and save more money […]
I am pleased to announce that I have joined the Money Crashers team! I will be writing articles for the Money Crashers personal finance site. Money Crashers is a community of people who are trying to make financially sound decisions. Money Crashers strives to educate individuals in making wise decisions about credit and debt, investing, education, real estate, insurance, […]
Apple (AAPL) unveiled its new tablet PC named the iPad. iPad pricing will range from $499 to $829 depending on options such as memory and 3G coverage. According to CNBC’s tech reporter Jim Goldman, the iPad looks like a giant iPhone. Is the device needed in a market with laptops, netbooks, and smartphones? Probably not but […]
Today US Steel (X) reported a loss of 267 million dollars for Q4 of 2009. The $1.65 per share loss was 22 cents below analysts expectations of a loss of $1.44. The big surprise is that US Steel is forecasting a similar loss for Q1 of 2010. The projected loss would be the 5th straight loss for […]
According to numerous media reports, Warren Buffett will soon be purchasing more shares of foreign steelmaker POSCO (PKX). Buffett already owns over 4% of the South Korean steel manufacturer. This is a curious move considering that Buffett has historically invested in quality companies selling at distressed prices. POSCO is a quality company but the current price doesn’t […]
1. Amazon (AMZN)- The ecommerce giant has been on a tear over the past year rising from the high 40’s to $127 per share. Many analysts have placed a buy rating on the stock and price targets keep going up. Forward earnings are expected to come in at $2.58. Price to earnings growth is 2.5. This stock […]
Interesting take by Jim Rogers on agricultural products. Do you agree?
I started a position in AK Steel(AKS) at $23.60 for a short term trade. I picked up additional shares of Bank of America(BAC) at $16.30 for my long term portfolio.