Archive for September, 2010

September 3, 2010 | In: Financial

MFC Rebounding

MFC (Manulife) is officially rebounding, the stock has been going up steadily for the last week as it hit a bottom of $10.60, currently it is trading at $12.67. The stock has the potential of huge up movements every day as shorters are beginning to cover...

September 3, 2010 | In: Services

PSS: An Interesting Stock

I have just discovered a new stock, PSS, which is the stock of Collective Brands, a company with an ugly website essentially selling shoes and apparel. Once you get over the hideous website, and look at their numbers, you can see that this is actually a...

September 3, 2010 | In: Technology

RIP RIM?

I just sold my RY stocks and I was looking at TSE stocks to buy, and I was thinking, how about RIM (RIM is the TSE stock symbol of the company, RIMM is the NASDAQ symbol)? The stock seems attractive at this price (closed today at CDN $46.50), and I...

As I expected, DELL walked away from the bidding war with HP to buy 3 PAR. HP actually did a very stupid thing by outbidding a non-approved offer by DELL, as analysts believed that HP should have waited more before to see DELL's reaction on their latest...

Just when you thought that Burger King is cheap, it gets sold for $3.3 Billion to 3G Capital, or $24/share, which is very close to the $23/share lowball offer possibility that I discussed yesterday, when I assumed that the company will be valued at 17...

September 2, 2010 | In: Energy

Another Oil Rig Explosion

An oil rig Owned by Mariner Energy exploded moments ago. I hope everyone's OK. This throws another question at the safety and the reliability of the oil rigs currently used in production. This is the second oil rig that explodes in 6 months, the first...

After reporting on the Burger King takeover rumor, I can confirm right now that it's no longer a rumor. Apparently 3G Capital, an investment firm, is currently in talks with BK to buy the famous (and worldwide) food chain. It's not known yet how much 3G...

September 1, 2010 | In: Services

Burger King Takeover Rumor

BKC has jumped 15.50% to $19.00 so far today. Apparently there is a buyout rumor spreading. Burger King is not a bad company but I personally don't like it and I don't believe in it, especially in the past couple of years. The Burger King ads are...

September 1, 2010 | In: Financial

CVBF Rebounding

Finally, CVBF has started the rebound, it was bound to happen, as the stock has been trading at a very low P/E and very close to the book value (which is $6.33). The stock is currently trading at $7.13 up 32 cents from yesterday. Apparently the stock...

September 1, 2010 | In: Services

DGIT: A Stock That is Rebounding

2 days ago, DGIT dropped to $15.02, a 3 year low, even after the company exceeded expectations. However, 2 things weighed greatly on the stock: A lowered guidance, and a possible lawsuit. Now I have seen this many times, a lowered guidance will beat...

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