JoeChase

Wall Street Breakfast: Must-Know News

From IndexBeating.com:
GE Breakup? Being a GE shareholder I received my proxy vote form this morning for the April 22st annual meeting. Aside from the normal election of board memebers, there was one question that caught my eye. It simply read “Independent Study Regarding Breaking Up GE” The board of directors recommends a “No” vote. There is an obvious reason for this, an independent study would find that shareholders would realize value if GE was broken up, but the directors of the board would be directing a much smaller company. There is lots of data that shows when there is a spin-off the combines value of the new companies is worth more than the value of the old company. In GE’s case this is happening from the financial arm right now, they are dragging down all the healthy businesses connected with GE. John Hepburn wrote the proposal for the proxy statement and really says it well (GE down 75% since he wrote this)

Premarket losers: ALTH -22%. MMM -2%. NASNY -2%. NTT -2%.

You mean NSANY? (Nissan Motors)

American Express to the Sell Block - Cramer's Mad Money (10/2/08)

PERMIAN NOT POERMIAN
as in "Permian Basin Royalty Trust"

American Express to the Sell Block - Cramer's Mad Money (10/2/08)

PERMIAN NOT POERMIAN
as in "Permian Basin Royalty Trust"

Will BofA Cut Its Dividend?

Veni Vidi Vici:
It will dilute per share earnings in the short run because Merrill has been losing money. In a year or two the EPS should be back around where it was because Merrill will earn money. BAC was projected to earn about $3 per share in 2009. There will be about 1.3B new BAC shares for the MER acquisition, (50B/37.48=1.3B), to keep EPS the same they will have to have total net income of 17.7B next year instead of 13.7B

Will BofA Cut Its Dividend?

Improve their significantly significantly?? "Unless the company significantly increases its significantly in next few quarters"
You mean earnings? If so you should talk about how much their earnings will increase because of MER

Will BofA Cut Its Dividend?

Improve their significantly significantly?? "Unless the company significantly increases its significantly in next few quarters"
You mean earnings? If so you should talk about how much their earnings will increase because of MER

Wall Street Breakfast: Must-Know News

You are ignorant.