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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
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Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Boeing Heading the Way of GM?
Boeing is a great company and they will come back after this strike is over. I can also see that you're just echoing the crap that others have written, because it is not costing them $100 million per day on the bottom line. It might be costing them $100 per day in deferred revenue, but that revenue is still backlogged. And whatever profit has been lost now will be factored in later when the revenue is restored. So you can pay me now or pay me later, but the revenue will still come it.
Yes the new administration will cut the spending and yes the other countries are in the same crisis, but we are talking about 6 to 10 years worth the orders that might shrink. And so if there are some cancellations, big deal, it only pushes older orders forward. Having said that, the airline fleets are getting too old to fly, so they're going to have to replace these planes sooner or later. So at the end of the day, we're going to see nothing more than the great shuffle of the already large backorders.
I missed buying a truckload several weeks ago, so if you do manage to push the price down and destory a few lives along the way, I can still get in on a great company at a bargin price. I will make more money than you can think of in a short sell because I'm long on this stock Because this stock will be back strong next year.
So do all of us a favor and go stick your head in the pile of crap you shovel and don't write another article until you get your head out of your ....
Garmin: Navigating to Nowhere
I had a Garmin in my plane before I sold the plane and will on my next one. I have Garmin on my boat. I have the Garmin software on my PDA (which by the way is another market the these idiots forget about).
Don't be too surprised to see Garmin come out with a Map division of their own. The management of this company thinks in terms of the future and quality, a concept that these idiots can't grasp.
I used to get angry about how Seeking Alpha somehow got in the news section of Yahoo, but now I have fun writing about how stupid these people really are. SO THANKS FOR DRIVING THE STOCK DOWN SO I CAN BUY MORE AND PROVIDING ME ENTERTAINMENT.
Boeing Strike Seems More Like Corporate Terrorism
As far as the other comment about the future, I do agree with you. But in my humble opinion, part of the issue with outsourcing to other countries is partly do to the fact that the unions have such a strangle hold on them and that is one way to solve that issue. It is a double edge sword that needs to be broken. But holding a company hostage only gets you short term closure but doesn't solve the long term problem.
Another point is if the union has 140 million dollars to support it's people for a long term walk out, think how much more money you would have in your pocket if they didn't have to use these this type of terrorism.
Boeing Strike Seems More Like Corporate Terrorism
I couldn't agree more that Management Salaries are completely out of line, but that is not the issue here. Yes I have walked in your shoes so don't tell me that I'm not in touch. But at the end of the day the offer is a good one and the workers should be happy with a 11% increase whereas most of the world is looking at 3 and 4 % most of the time. And a signing bonus? That would be great to have as well in a time of financial uncertainty.
I can't believe that I'm actually agreeing with someone from Seeking Alpha, but unions for the most part are corporate terrorist. If a worker doesn't like the offer then quit, but instead you get the high paid Union bosses that are living like ORCL's Ellison to do your PUSSY WHIPPING. Stand up like a man/woman and make a stand. Union leaders should be taken out and shot like the dogs that they are. I don't like anyone telling me that I have to stay home without pay while they collect their pay. What is wrong with that picture? And don't tell me the conditions at Boeing as a sweat shop, I've been there. 22 % of the workers thought this was a good offer and now are wondering whether they have enough money to make the mortgage and put food on the table. I know, why don't they just should up a the feast at the local union bosses house that he is having tonight. Oh, please will someone finally shoot the union bosses and get back to work????
Bottom Line, you don't like the offer, then quit!!!!!
Boeing May Withdraw from $35 Billion Air Force Contract Contest
Now if anyone has ridden on an Airbus you would know that this plane is not build as well as Boeing. Not sure if I was piloting the tanker I would want to land with a nose wheel that won't be facing forward (Jetblue).
We could go on all day about this. What we really need is to get the Air Force's requirements and then hire an independent firm to do the analysis. Somehow we need to keep the fat lobbyist and the corrupt politicians out of the mix.
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Why I Prefer TomTom Over Garmin
Boeing May Get a Second Shot at Large Tanker Contract
At the end of the day, as a Boeing share holder, I agree with your assessment that Boeing is undervalued and I would set the price at $100.
Is Monsanto Really a Tech Play?
Order Backlogs Are Overrated on Wall Street
Where is Garmin Leading Us?