Thursday, February 7, 2008

Oregon's 5th

Sunday, December 9, 2007

Sweep

Saturday, December 8, 2007

Bowl of Stupid

Monday, November 19, 2007

Merriman

Monday, April 30, 2007

Back from vacation

Had a nice time visiting friends in Dallas. Enjoy:

Wednesday, April 25, 2007

Update: Runaway market

Up triple digits on the Dow now. The shorts are on there way here:




Off to have a big bowl of salad (ranch dressing, bacon bits and croutons) and a tuna sammich.

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Party like it's 1999

Dow 13,000! Dow Transports at a record! Shorts getting their heads chopped off, the Naz on fire, S&P 500 rocking, the market is never, ever going to go back down again!

How's my tryout for CNBC going so far?

Really, I'm thankful everyday my stocks gain. The market is fun, making money is fun and seeing my portfolio track higher and higher is a blast!

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Tuesday, April 24, 2007

Cheaters never win

Ok, so it's an old video, but I love it.



"Oh I think she's actually hurt"

Thanks for the insight Bob!

Channeling my inner "Fly"

While you retards are searching for the next big thing, my 'calculator brain' was busy making money. On a day where the market doesn't know whether it wants to go up or down, I'm raking in the cash thanks to EFX and MHP.


UPDATE: Having a medium-sized bowl of oatmeal.

EFX's earnings

They reported last night:

Equifax Inc., which provides consumer credit information and other financial data, on Monday posted a 10 percent increase in first-quarter profit on stronger demand for consumer data products in the U.S. and abroad.

Earnings increased to $69 million, or 54 cents per share, from $62.9 million, or 48 cents per share, in the prior-year period.

Revenue rose to $405.1 million, up 8 percent from $374 million a year ago.


Shares are up about 2.5% this morning. This is a stock that I'm holding for the long term. I started accumulating shares in July 2004 and doubled my position in the big sell off we had last June.

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MHP blowing the doors off the quarter

Earnings this morning were a barn burner - they beat on both earnings and revenue.

McGraw-Hill Cos., owner of BusinessWeek magazine and the Standard & Poor's ratings and index business, said Tuesday that first-quarter profit nearly doubled on strong results in its financial services and education segments.

Net income leaped to $143.8 million, or 40 cents per share, compared with $74.2 million, or 20 cents per share, in the previous year.

Analysts polled by Thomson Financial were expecting earnings of 31 cents per share.

The current quarter's results included a $10.3 million, or 3 cents per share gain on the sale of a mutual fund data business.

The prior-year's results included a one-time charge of 4 cents per share for the elimination of a stock option program.

Revenue for the quarter rose 14 percent to $1.3 billion from $1.14 billion a year ago. Analysts had estimated sales at $1.24 billion.


And the stock is up over 6% while the rest of the market is struggling.

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Friday, April 20, 2007

Off to have 6 daiquiris this morning...

I'm surprised that this didn't come out of the University of Miami:

A fruity cocktail may not only be fun to drink but may count as health food, U.S. and Thai researchers said on Thursday.

Adding ethanol -- the type of alcohol found in rum, vodka, tequila and other spirits -- boosted the antioxidant nutrients in strawberries and blackberries, the researchers found.

Any colored fruit might be made even more healthful with the addition of a splash of alcohol, they report in the Journal of the Science of Food and Agriculture.

Dr. Korakot Chanjirakul and colleagues at Kasetsart University in Thailand and scientists at the U.S.
Department of Agriculture stumbled upon their finding unexpectedly.

They were exploring ways to help keep strawberries fresh during storage. Treating the berries with alcohol increased in antioxidant capacity and free radical scavenging activity, they found.

Any colored fruit or vegetable is rich in antioxidants, which are chemicals that can cancel out the cell-damaging effects of compounds called free radicals.

Berries, for instance, contain compounds known as polyphenols and anthocyanins. People who eat more of these fruits and vegetables have a documented lower risk of cancer, heart disease and some neurological diseases.

The study did not address whether adding a little cocktail umbrella enhanced the effects.


I'm gonna get healthy this weekend!

Thursday, April 19, 2007

The Not-So-Good-Earnings Post

Altria missed by 2 cents:
International strength helped Altria offset a continuing slump in domestic volume but the tobacco titan's first-quarter earnings fell sharply, largely due to a big tax benefit it recorded in the year-ago period - but it still raised its full-year profit target.

Before the start of trading Thursday, Altria said it earned $2.75 billion, or $1.30 a share, down from $3.48 billion, or $1.65 a share. Much of that drop was due to 30 cent a share tax benefit in the first three months of 2006: Adjusted to exclude that and other items, the company would have earned $1.03 a share on a continuing operations basis.

The average estimate of analysts polled by Thomson Financial had been for Altria to earn $1.05 a share.

Revenue hit $17.56 billion, up 8.2% including a $722 million bonus from foreign currency conversion.

They raised their earnings target for the full year, but it's still below estimates:
Altria... raised its profit forecast from continuing operations for the year to a range of $4.20 to $4.25 a share, from its prior view of $4.15 to $4.20 a share. Analysts polled by Thomson Financial expect it to earn $4.26 a share for the year, on average.


They are still looking into spinning off the international tobacco business:
Next up is the possible spinoff of its international business, but CFO Dinyar Devitre declined to comment on the possible timing of such a move, saying only that the unit is "organizationally ready to stand independently" when and if the board of directors makes a decision.


Next up, Bank of America. Earnings were up, but revenue was a little light and interest income was weak:
In the face of a challenging economic environment and a flat yield curve, Bank of America, the nation's second largest bank by market valuse, said it earned to $5.26 billion, or $1.16 a share, up from $4.99 billion, or $1.07 a share in the three months ended March 31.

Excluding pretax merger and restructuring charges of $111 million, equal to a penny a share, the Charlotte, N.C. financial services giant earned $5.33 billion, or $1.17 per share.
Revenue rose to $18.42 billion from $17.94 billion. Analysts surveyed by Thomson First Call forecast earnings of $1.15 a share and revenue of $18.45 billion, on average....

Card services posted average managed loan growth of $14.48 billion, an 8% increase, and added 3 million new accounts in the first quarter. Net new retail checking accounts grew by 487,000.

Investment banking fees rose 35%, driven by debt underwriting and mergers and acquisitions deal volume, the company said.


While I'm waiting on both stocks to go higher I can sit and earn 4.9% and 4.4% respectively from their dividends. I'd be a buyer of more shares of Bank of America at this level as I think the stock is 10% undervalued. While not undervalued at this level, I would probably be a buyer of additional shares of Altria here as well.

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Wednesday, April 18, 2007

Rewinding the day

So the DOW broke 12,800 for the first time. Good, I didn't want to see a second day where the market failed to close above the previous high after breaking it during the day. That said, I'd have been happier if my portfolio did better today. I was basically flat at the end of the day with most of the gains in my financial stocks thanks to JP Morgan.

Working:

  • BAC up 1%
  • CORS up 3%
  • UTX up 1.1% on earnings (see below)
  • WB up 1.3%

Not Working:

  • ABT down 1.6% (as I mentioned this morning)
  • CEE down 1.7%
  • EQIX down 1.6%
  • KFT down 1.85%, but up a little bit in after hours trading thanks to earnings (see below)
  • MVIS down 2.4%, looks like support is at $4.35 now
  • SHLD down 1.8%

UTX had their earnings release earlier today:

United Technologies Corp. said on Wednesday strong demand for jet engines and Otis elevators, particularly from foreign markets, helped boost quarterly profit 6.6 percent.

The diversified manufacturer said strong growth in demand abroad, especially in Asia, and a weaker dollar more than offset the effects of a slowing U.S. housing market on its Carrier air conditioner unit and higher-than-expected raw materials prices.

"Clearly, the international markets were the primary driver for the sales growth in the quarter," said Tom D'Amore, an analyst at Morningstar. "The North American economy, at least for industrial companies, is clearly growing more slowly than European and Asian economies."

The Hartford, Connecticut-based company reported profit of $819 million, or 82 cents a share, up from $768 million, or 76 cents a share, a year earlier.

Analysts, on average, expected profit of 81 cents per share, according to Reuters Estimates.

Revenue came in at $12.28 billion, up 15.7 percent from $10.62 billion a year earlier. Three percent of the growth was the result of the dollar's depreciation, the company said.

Sales outside the United States account for about 60 percent of United Technologies' total revenue.


UTX is looking for 9 to 13% profit growth this year.

KFT released their earnings after the bell, not a great quarter, but no one was expecting a great one:

Kraft Foods Inc., the largest U.S. food company, posted lower first-quarter profit on Wednesday as it spent more on marketing to lift sales, but its shares rose 1 percent as it maintained its full-year outlook.

The foodmaker... said profit fell to $702 million, or 43 cents a share, from $1.01 billion, or 61 cents, a year earlier.

Excluding the costs of a restructuring and a gain from tax reserves transferred to Kraft from Altria, earnings were 44 cents a share, topping the average analyst target of 42 cents, according to Reuters Estimates.

"The numbers were pretty much in line. The expectations on the Street were that this was not going to be a great quarter," said one portfolio manager who spoke on condition of anonymity because the manager's firm was actively trading Kraft stock...

For the year the year, the company affirmed its earnings forecast of $1.50 to $1.55 a share. Excluding restructuring costs, the forecast is $1.75 to $1.80 a share.

Analysts, on average, looked for $1.81 a share, according to Reuters Estimates.


I didn't buy Kraft, but got it in the spin-off from Altria, I am going to hang on to the stock though. I haven't looked deeply into it and probably won't for a little while because I think that their management can do some good things now with the freedom they have. I see an acquisition in the near future, meanwhile they are paying better than 3% on the dividend and are buying back shares.

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10 Days til the Draft

Denver was last in starting field position...

With the 21st pick in the draft, the Broncos select:

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