hodgies' talk on stock

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Barron Says Cramer Sucks! He's a Joke!

20 Aug 9:19pm
Posted by hodgies
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I love it, that guy is seriously a joke!  I can't even stand his irritating voice.  Here's what Barron's magazine has to say about his performance:Jim Cramer's stock picks on his nightly CNBC show "Mad Money" haven't beaten the market over the past two years, according to an article in the August 20 edition of Barron's.Over that period, Cramer's stocks rose 12 percent, compared with a 22 percent rise in the Dow Jones industrial average and a 16 percent rise in the Standard & Poor...
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Damn, Countrywide Financial's Another One

Tags: CFC, Countrywide Financial Corp., Sub-Prime Mortgages, New Century Financial Corp.
16 Aug 11:27pm
Posted by hodgies
5 Comments
Damn, it just won't stop.  Not one day of peace and quiet.  Earlier Bear Stearns, and now Countrywide Financial Corp. comes out with same problems.  I guess they've decided to jump on the band wagon with everyone else.  I mean, if they come out and say it with everyone else, maybe they'll get less of a notice.  The company has arranged for a $11.5 billion credit facility from a group of 40 banks to increase its liquidity.70% of the credit arrangement has an existing ...
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DJI, How Low Can You Go?

15 Aug 8:11am
Posted by hodgies
1 Comments
Today's been another sad day at the stock exchanges, bad earnings, more sub-prime worries and the DJI dropped over 200 points hovering around 13,000.  First came Wal-Mart Stores Inc. that came out with decent earnings, but investors were deaf to that after they cut their expectations for the year.  Next in line was Home Depot Inc., that added to the slide when it said weakness in the housing market caused their profit to be lower than market expected.Others like Sentinel Management G...
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Energizer Skin Care? Awe or WTF?

Tags: Acquisitions, Energizer Holdings Inc., Playtex Products Inc., ENR, PYX
14 Jul 11:47am
Posted by hodgies
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Energizer Holdings Inc., famous for their Energizer flashlight and batteries and their Energizer bunny is to buy Playtex Products Inc. for $1.16 billion as the company expands its portfolio of personal care products. But why?After the news came out, Playtex shares rose 15.8% and Energizer's shares rose almost 1%.The deal will cost Energizer $18.30 a share for Playtex Products Inc., which is a 18% premium over Playtex's closing stock price yesterday.Playtex makes feminine care products that mak...
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Blackstone Out for Trading on June 29

Tags: The Blackstone Group, IPO, Initial Public Offering, Private Equity
13 Jun 11:46pm
Posted by hodgies
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The Blackstone Group finally announced today that the much-anticipated IPO, which was "sometime during this summer" will be out the week of June 29, most likely on June 29 - the Friday. The IPO has been really hyped, and with that hype will probably give the stock a substantial boost after launching.Blackstone is to sell just 12.3% of its management arm in an offering expected to value the entire company at around $32 billion, meanwhile the CEO Stephen Schwarzman will still control about 24% o...
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