I knew that it was only a matter of time before the stock of Netflix (NFLX) took it on the chin. I have been writing about Netflix’s stock for almost two years explaining that the company’s valuation was absurd. I have told investors to sell Netflix stock a countless number of time. Well, the day came that I had talked about for a long time. Netflix announced that the company’s numbers were way too optimistic and the stock has been taken to the woodshed. [Read more...]
Best Buy Disappoints
September 14, 2011 By 2 Comments
Best Buy (BBY) reported earnings this evening and the results were not good. The electronics retailer saw its same store sales drop for the fifth straight quarter. The company’s electronics sales are being squeezed by Walmart (AMZN), Costco (COST), and Amazon (AMZN). The company saw its quarterly profit drop 30 percent. [Read more...]
Four Financial Stocks That Are Trading Below Book Value
September 8, 2011 By 6 Comments
I know that things are looking tough in the financial sector but some of these stocks are simply too cheap to pass on. There are a number of financial companies whose stock prices are so low that there is limited downside risk. You can buy some of these companies at prices that would have been unthinkable prior to 2008. Here are a few financial stocks that I think are worth taking a flyer on. [Read more...]
Two Cheap Stocks In The Market
September 6, 2011 By 1 Comment
Telecommunication and cable companies are good bets for investors because of their growth potential and dividend payments. While I have talked about the great dividends being paid by AT&T (T) and Verizon (VZ) many times in the past; there are some other companies that are good values in the space. Investors searching for cheap stocks in the cable and media industry should take a look at these two cheap stocks in this space. [Read more...]
Financial Stocks Just Cannot Catch A Break
September 2, 2011 By 3 Comments
In another move that is bound to keep financial stocks down for the short term, the United States government is suing the big banks. The government is trying to collect money from the mortgage backed securities that were packaged together and sold off in secondary markets. The government is claiming that banks failed to perform their fiduciary duties and were negligent in doing their due diligence. The timing of the lawsuit makes absolutely no sense. [Read more...]
Hewlett Packard Misses Mark Hurd
August 19, 2011 By 5 Comments
Hewlett Packard (HPQ) misses Mark Hurd badly. The company’s shares have taken a nosedive since the former CEO’s departure and the company lacks any direction whatsoever. Under Hurd’s direction HP was a solid $45 to $50 stock with top line growth and growing profitability. The company had bounced back from the awful years under Carly Fiorina. Now the company is in crisis mode all over again and undergoing another restructuring. [Read more...]
How To Buy 10 Stocks For Under $100
August 12, 2011 By 13 Comments
One hundred dollars may not seem like a whole lot of money in this day and time but you would be surprised to see what you can buy one hundred dollars. You could take 10 to 11 trips to the movies. You could fill your car up with gas 1.5 to 2 times. You could pay a cell phone bill or a cable bill for a month. You could get a pair of shoes. Another use for $100 would be to invest it. Let’s take a look at the values that you can get in the market right now for $100. [Read more...]
3 Cheap Stocks To Buy
August 11, 2011 By 1 Comment
A market downturn is always a good opportunity to shop for cheap stocks. Some big blue chip names have seen their share prices drop to levels that make them good values. These are everyday household names that participate in different areas of the economy. They all trade in the teens and are attractive for either their upside potential or dividend. [Read more...]
Netflix Stock Drops In After Hours Trading
July 26, 2011 By 7 Comments
I have been a bear on shares of Netflix (NFLX) for some time now as the stock has looked heavily overvalued to me. The stock was trading at more than 70 times earnings despite seeing growth rates declining. Netflix continued its upward ascent over the past few months as investors have poured money into the stock despite several warning signs. Well, Netflix reported earnings after the bell and investors were none to pleased. The stock plummeted in after hours trading as investors did not like what they heard. [Read more...]
Why Quarterly Earnings Are The Worst Thing To Ever Happened To Stocks
July 22, 2011 By 6 Comments
Every three months there is a lot of anticipation and excitement before a company releases its earnings. A good earnings report can send a company’s shares up a few points. A bad earnings report can send a company’s shares tumbling down. While quarterly earnings were designed to give investors an update on the performance of a company, they have become a real important event to too many investors. Let’s take a look at why quarterly earnings releases are not such a great deal for long term investors. [Read more...]
