Stock Analysts, Exterminators, and Realtors To stock market neophytes, it always seems like a massive overreaction when Company ABC or XYZ announces that it’s going to miss its next quarterly estimate by 1¢, and its stock price immediately craters by 10% (or 40%!), lopping millions if not billions off the company’s market cap (valuation). Ahh...Read More
IBM Lowers Forecast, Stock Tanks “IBM forecast earnings for 2015 of $15.75 to $16.50 per share, below the $16.51 per share average estimate on Wall Street. The company’s stock fell 2% in after-hours trading.” –“At IBM, a Weak Streak Persists”; The WSJ (1/21/15) At first blush, it seems like a classic overreaction: a storied company...Read More
The Limits of QE (“Quantitative Easing”) I’ll tip my hat to the new constitution Take a bow for the new revolution Smile and grin at the change all around me Pick up my guitar and play Just like yesterday And I’ll get on my knees and pray We don’t get fooled again Don’t get fooled...Read More
Penny Stock? Hardly One of the, umm . . . downsides of sporting a 3-digit share price is that the gyrations are bigger, too (at least nominally). So, Google’s stock dropped $68 a share today immediately after disclosing that their latest quarterly earnings were disappointing. Make that, before they disclosed their quarterly earnings disappointment (their financial...Read More
