Archive for December, 2008
Ironic Headline of the day: GMAC’s Here we go again
Submitted by WC Power Tech Fund
Today’s Ironic Headline of the day comes via the New York Times and their humorous and insightful take on GMAC. Granted this is the first ‘headline of the day’ post ever written for WC Power Tech Fund Investment Blog but reading the NYT article (Link) the irony was too pronounced [...]
Happy Holidays from WC Power Tech Fund
Submitted by WC Power Tech Fund
Wishing everyone a Merry Christmas and a Happy Holidays 2008!
Rating 3.00 out of 5
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Electronics a tough sell yet Best Buy stands by forecast
Submitted by WC Power Tech Fund
Oh to be a Electronics Retailer during a recession, roughly as sought-after a profession as ‘Big 3 personal flight crew’, after that first trip to Washington. But Best Buy (BBY) is holding on in the midst of turbulence while its main competitor has all but bowed out. With Circuit City [...]
Investor eyes to be on Goldman Sachs tomorrow
Submitted by WC Power Tech Fund
2008 will be remembered as the year Wall Street ceased to exist! The Investment Banking model essentially died with elaborate, excessive and downright dangerous investments in poor credit. The companies that have survived on their own, Morgan Stanley (MS) and Goldman Sachs (GS) had to change their business structure and [...]
Markets pause for breath after 2 day rally
Submitted by WC Power Tech Fund
Spurred by low valuations, the prospect of the Auto bailout culmination and President-elect Barack Obama’s massive infrastructure plan, stocks finished last week on a high and continued that trend Monday, tacking on about 700 points for the Dow during the 2 day span.
A new wave of profit warnings and profitability [...]
Apple’s holiday quarter shackled by Good problems, high iPod demand
Submitted by WC Power Tech Fund
When Steve Jobs came on Apple’s (AAPL) conference call the last go-round it was designed to put analysts and investors at ease. That it did, his presence calmed questioning and glossed over a then shockingly broad and conservative forecast for the holidays: Earnings of between $1.05 and the $1.30s per [...]
Sears Holdings: Retail Blues equal Stock Greens?
Submitted by WC Power Tech Fund
A consumer environment at the apex of, what can only be described as the very definition of fragile doesn’t lend itself to positive business results at retailers. Specifically retailers which struggled even before the US went recession-official. Sears Holdings (SHLD) was one of those retailers. And after this morning’s quarterly [...]