Richard Wendling

The 20 Best-Performing Stocks of the Last Decade

First I must disclose that I own CHK. As to the information in the article, it only goes to prove what I have said on my site and in my reports on CHK that oil and natural gas are the place to be putting your money for the future. They are resources we already have in abundance and don't need to import. Their prices should continue to increase for years to come.

Richard

GAAP Energy Earnings Are Worthless

You are 100% right in how the media exploits stocks like CHK. They manipulate the news in order to help the specialist system and the New York Stock Exchange media spin machine manipulate stock prices. For more information on how this is done click on my site and read about how both the media and specialists manipulate prices of stocks for their benefit at the cost of investors.

Investors could care less if the reserve price fell 6 billion or rose 6 billion. They are only interested in the actual numbers that the company posts for profits or loss. Not fictitious numbers.

Richard

Can a Stock Market Meltdown Happen from Here?

Conceptwizard:

Is the second concern credit card defaults.

Richard

Pre-packaged Bankruptcy Is GM's Only Option - Barron's

The $70 dollars an hour is an accurate number. No the employee's making the vehicles don't make that much but when you factor in health care costs, retirement, insurances, vacations, bonuses and the like this is where the $70 number comes in. Its not a real number as far as payout is concerned, but it is a real number when factoring in the cost of labor to the price of a vehicle. I worked in the auto industry for 33 years and that's how I know.

Richard

GM Bailout Would Be Agony for Taxpayers

While I agree that they are a dinosaur, the majority of the money difference, (i.e.) $40 an hour is what is currently referred to as legacy costs, (i.e.) retiree health care and pension benefits. While current investors and paid pundits say to hell with those 700,000 individuals on retirement and their high benefits packages remember, those individuals worked for 40 years earning those benefits, and they were not getting the massive wages that the workers now day's are. once those costs are passed on to the union in 2010 the per hour rate will drop sharply.

If you want to make cuts, one cut managements salaries and stock options and two, cut workers pay down to the $17.00 an hour rate that the so called foreign companies are paying their workers now.

Richard

Lehman Follows Good Bank/Bad Bank to Redemption

He also forgot to tell investors what a hit they will take to their stock price in LEH when this $60 billion is cut from the heart of the company. Whether good or bad banking that is still a massive deduction from the core of the companies assets. I would expect its stock to fall to below the $10 level. For more of my views on this company and where it is headed click on my site.

Richard