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Now that HP (HPQ) has entered the smartphone market with its acquisition of Palm (PALM), what is Dell going to do? Dell (DELL) needs to find a dance partner. Research in Motion and Nokia are too large to be acquired by Dell. Apple already has its own smartphone offering. Motorola already uses the same Android operating system as Dell […]
AOL Inc. (AOL) reported earnings yesterday and investors displayed their displeasure by dumping the stock. AOL shares fell 14.46% yesterday ending the day at $23.96. AOL earnings fell way short of analyst expectations. EPS was 32 cents per share which was substantially lower than the 70 cent projection. Revenue came in at $664.3 million below analyst estimates of $670 million […]
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Hewlett Packard (HPQ) agreed to buy troubled smartphone maker Palm for $1.2 billion in cash. The HP deal couldn’t have come at a better time for Palm. Palms was burning through cash at an alarming rate. HP will pay $5.70 per share for Palm’s shares. It looks like a good deal for HP which was able […]
Buffalo Wild Wings (BWLD) investors sold off shares yesterday after the company announced earnings yesterday. Earnings per share came in at 58 cents which was 1 cent higher than analyst expectations. Revenue came in light at only $152.3 million dollars vs. the $154.3 million dollar sales figure expected. The revenue miss is due to a […]
1. AK Steel (AKS) has dropped quite a bit over the last few weeks. The steelmaker has shed almost 25% of its value since April 6th. Shares have dropped due to increasing iron ore prices and a sketchy forecast for the next two quarters. It may take a few quarters for shares to rebound but […]
The FDIC shut down 7 more banks on Friday. The seven banks in question were all Illinois banks 140 banks closed their doors last year due to the financial crisis. 16 banks have failed this April bringing the total to 57 bank failures for the year. At the current rate, more than 185 banks will fail this year. That’s […]
I picked up additional shares of Bank of America (BAC). I still like the banking giant despite potential financial regulations. Earnings may not be as robust as they were previously but banks will be more financially sound. As stated in previous posts, I believe that the Merrill Lynch and Countrywide acquisitions will increase top line earnings over the […]
Warren Buffett’s Smart Investments Any list of great CEO’s would not be complete without Warren Buffett. Buffett is the head of Berkshire Hathaway and the namesake for this blog. Berkshire Hathaway is the holding company for Geico, Dairy Queen, Nebraska Furniture Mart, Burlington Northern, and a number of subsidiaries. The Oracle of Omaha is still one of the […]