Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Posts Tagged ‘Economy’
The Future of the Auto Industry
Posted in General, tagged american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayers on June 4, 2009 | 1 Comment »
Citigroup Reverse Split
Posted in General, tagged citigroup, dilution, Economy, government, reverse split, shareholders, taxpayers on March 19, 2009 | 10 Comments »
Citigroup just announced that it might do a reverse split on the stock if it needs to. This won’t happen anytime soon but they are thinking of doing this before June 2010. IMO, reverse splits are very bad for the shareholders. It might be a good thing for the company because it may “appear” to [...]
Bailout or Bankruptcy?
Posted in General, tagged automotive, bailout, bankruptcy, competition, Economy, ford, fuel-efficiency, gasoline, gm, government, honda, japanese, jobs, labour, toyota, uaw, unions on November 19, 2008 | 1 Comment »
GM and Ford will not fail. IMO, they are just too big to fail. The automotive industry is huge, and the global economy largely depends on it because a car is a necessity for many people. If GM and Ford fail, it will create a total disaster for the global economy. Millions of jobs will [...]
Wal-Mart Earnings
Posted in Earnings, tagged competitors, Earnings, Economy, jobless claims, wal-mart on November 13, 2008 | Leave a Comment »
Wal-Mart is set to release its 3rd quarter earnings report before the market opens today (Thursday). The movement of the market largely depends on Wal-Mart’s earnings since a bad jobless claims report is expected and thus doesn’t affect the market as much. As long as Wal-Mart releases a good report and the jobless claims report [...]
Gambling on Casino Stocks
Posted in Stock Picks, tagged bankruptcy, billionaire, casino, Economy, funding, luxurious, resorts, S&P 500 Index, sands, sheldon adelson, undervalued, venetian on November 10, 2008 | Leave a Comment »
It might be ironic to invest in casino stocks, but these stocks are looking quite attractive at the moment. No matter how bad the economy may look, people will still gamble at the casinos.
WYNN @ 47
One of the highest ranked luxurious casino resorts in Las Vegas
Recently released a very strong quarter about 2 weeks ago
Just [...]
Coffee Time!
Posted in Stock Picks, tagged canadian, coffee, Economy, fast food, international, mcdonalds, starbucks, tim hortons on June 25, 2008 | Leave a Comment »
THI – Tim Hortons
Even though I am Canadian, I am one of the exceptions that don’t really like Tim Hortons coffee that much. I think that McDonalds and Starbucks make better coffee (when they are fresh). Many other Canadians think Tim Hortons coffee is good because it is always fresh and the prices are relatively [...]
Gas at $130; Gold Pullback to $900
Posted in General, tagged alternatives, commodity, crisis, currency, Economy, gasoline, gold, investment, necessity, supply, year 2000 on May 28, 2008 | Leave a Comment »
The gasoline prices at the pump is going out of hand. It keeps rising to its new highs due to low supply worldwide. For many people, gas is like a need rather than a want because it is not easy to travel within North America without an automobile. Therefore, a car is one of the [...]
Amazon and Apple Earnings
Posted in Earnings, tagged amazon, apple, Earnings, Economy, online on April 23, 2008 | Leave a Comment »
Amazon and Apple are releasing their first quarter 2008 earnings report after the bell tonight. By the looks of today’s action, it seems that most investors are confident about their earnings. It is hard to tell whether Apple will do fine because they missed last quarter and their stock price declined around 40 points. It is [...]
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