AIG slips 0.9% in an up market as Bernstein's Josh Stirling says investors may want to brace themselves for a headline announcing the termination of the deal to sell an 80% stake in ILFC. Would it be such a bad thing? At least one comparable - Aircastle Limited (AYR) - has rallied 40% since the deal to sell ILFC was inked. Perhaps ILFC would command more than a $5.2B valuation today. [View news story]
If AYR.rallied 40% since the deal for AIG was announced, a new deal for ILFC should at least result in the same price as before.
Chipotle (CMG +0.6%) will open its second ShopHouse restaurant next week as the Asian concept chain starts to pick up steam. The company has a slow pace set for expansion, but thinks it can do for Southeast Asian fast-casual what Chipotle did for Mexican fast-casual. [View news story]
I am curios to know the sales of Shophouse as compared to Chipolte. In addition,have the sales increased year to year.
Chipotle (CMG -1.5%) builds on its ShopHouse Southeast Asian Kitchen concept, signing leases for 3 more locations - 1 in Westwood, CA, the others in suburban D.C. Steve Ells: "The response we have seen to ShopHouse reminds me very much of what I saw when I opened the first Chipotle." (PR) [View news story]
If the ShopHouse concept is successful as Steve Elis alludes to,CMG can be a 600 stock in 5 years.
Buy Home Depot: Bernanke Isn't Going Anywhere, He Can't [View article]
Since Home Depot is no longer opening new stores, I would consider it a value stock instead of a growth stock.It is now an efficient company whose earnings depend solely on the economy.I've owned the stock for 23 years and starting at 67 I have been selling it as it rises every 2 points.The PE ratio is 23 which is high for a value stock.
Where's the love for Wal-Mart (WMT -0.3%)? Despite projections the retail giant will grow earnings at a double-digit rate, the stock trades with a lower multiple than defensive-oriented peers such as Hershey, Kellogg, and Procter & Gamble, observes Stephen Leeb. The company is also gobbling up market share in the grocery category and its e-commerce sales growth beat Amazon's (30% vs. 22%) during the last quarter. [View news story]
The unions which run some pension funds probably refuse to buy Walmart
AIG's huge run is halted for the moment as Goldman has seen enough, downgrading the stock to Hold. Still bullish on the AIG's business prospects, analyst Michael Nannizzi says it's priced into the stock. Further gains would need to come from a big dividend or buyback announcement, and he's not convinced AIG is ready to go there for just yet. Shares -2.9% permarket. [View news story]
All analyst on Wall Street must justify their salary by changing their calls. Therefore,the Goldman Sachs call should be a buying opportunity rather than a sell.
JPMorgan (JPM) has "transitioned from model citizen to problem child" in the eyes of Washington, the NY Times says. The latest evidence of the shift is a government document (reviewed by the Times) which reportedly says the firm dreamed up "manipulative schemes" in order to wring profits from "money-losing power plants." The Federal Energy Regulatory Commission also says Blythe Masters (mother of the synthetic CDO) "falsely denied under oath her awareness of" certain activities allegedly undertaken by a group of Houston energy traders. It isn't clear whether actions will be taken against JPM, which will have a chance to respond to the allegations. [View news story]
We should withhold judgment until JPM responds to the charges.
More from AIG's Q1 earnings: A slight miss on revenues ($8.56B vs. $8.64B expected) isn't damping AH enthusiasm with shares up 2.5%. Q1 after-tax operating income of $2B compares with prior-year $3B - which had included pretax income from investments (including Maiden Lane) disposed of in 2012. Insurance operating income of $3B is up 28% Y/Y. "Our priority this year is to improve operating fundamentals and reduce costs," says CEO Robert Benmosche. [View news story]
AIG is performing as the top hedge funds predicted.Remember,in the 12/31/2012 quarter, AIG was the number one stock in their portfolios.
Answer: "About $2B in market cap." Question: "How much are four executives really worth?" AIG has fallen 3% and can't get up after Berkshire poached 4 of its top insurance men. The question comes from Bernstein (presumably Josh Stirling). The dour answer from Forbes' Steve Schaefer. [View news story]
Wigit5. You are correct.If it was a true loss of 2B Birkshire would hav gone up approx. 2B.
AIG slips 0.9% in an up market as Bernstein's Josh Stirling says investors may want to brace themselves for a headline announcing the termination of the deal to sell an 80% stake in ILFC. Would it be such a bad thing? At least one comparable - Aircastle Limited (AYR) - has rallied 40% since the deal to sell ILFC was inked. Perhaps ILFC would command more than a $5.2B valuation today. [View news story]
Chipotle (CMG +0.6%) will open its second ShopHouse restaurant next week as the Asian concept chain starts to pick up steam. The company has a slow pace set for expansion, but thinks it can do for Southeast Asian fast-casual what Chipotle did for Mexican fast-casual. [View news story]
Death Is Good... For Service Corporation International [View article]
Chipotle (CMG -1.5%) builds on its ShopHouse Southeast Asian Kitchen concept, signing leases for 3 more locations - 1 in Westwood, CA, the others in suburban D.C. Steve Ells: "The response we have seen to ShopHouse reminds me very much of what I saw when I opened the first Chipotle." (PR) [View news story]
Service Corporation International: Funeral Operator Could Bring Your Portfolio To Life [View article]
Why Google Is Worth North Of $1,000 [View article]
Buy Home Depot: Bernanke Isn't Going Anywhere, He Can't [View article]
Where's the love for Wal-Mart (WMT -0.3%)? Despite projections the retail giant will grow earnings at a double-digit rate, the stock trades with a lower multiple than defensive-oriented peers such as Hershey, Kellogg, and Procter & Gamble, observes Stephen Leeb. The company is also gobbling up market share in the grocery category and its e-commerce sales growth beat Amazon's (30% vs. 22%) during the last quarter. [View news story]
Panera Bread: A Simple Strategy Shift To Double Shares [View article]
Panera Bread: A Simple Strategy Shift To Double Shares [View article]
AIG: Where Do We Stand? [View article]
AIG's huge run is halted for the moment as Goldman has seen enough, downgrading the stock to Hold. Still bullish on the AIG's business prospects, analyst Michael Nannizzi says it's priced into the stock. Further gains would need to come from a big dividend or buyback announcement, and he's not convinced AIG is ready to go there for just yet. Shares -2.9% permarket. [View news story]
JPMorgan (JPM) has "transitioned from model citizen to problem child" in the eyes of Washington, the NY Times says. The latest evidence of the shift is a government document (reviewed by the Times) which reportedly says the firm dreamed up "manipulative schemes" in order to wring profits from "money-losing power plants." The Federal Energy Regulatory Commission also says Blythe Masters (mother of the synthetic CDO) "falsely denied under oath her awareness of" certain activities allegedly undertaken by a group of Houston energy traders. It isn't clear whether actions will be taken against JPM, which will have a chance to respond to the allegations. [View news story]
More from AIG's Q1 earnings: A slight miss on revenues ($8.56B vs. $8.64B expected) isn't damping AH enthusiasm with shares up 2.5%. Q1 after-tax operating income of $2B compares with prior-year $3B - which had included pretax income from investments (including Maiden Lane) disposed of in 2012. Insurance operating income of $3B is up 28% Y/Y. "Our priority this year is to improve operating fundamentals and reduce costs," says CEO Robert Benmosche. [View news story]
Answer: "About $2B in market cap." Question: "How much are four executives really worth?" AIG has fallen 3% and can't get up after Berkshire poached 4 of its top insurance men. The question comes from Bernstein (presumably Josh Stirling). The dour answer from Forbes' Steve Schaefer. [View news story]