Walked-all-overya!

Wachovia for Free? Citi Still Paid Too Much

We shareholders aren't even getting the courtesy of a nice dinner and a kiss before we get the shaft.

Where is the shareholder suit against the BoD and the Executives? What is the point of SOX if not this very situation?

Here's the thing to understand - Wachoiva Corp isn't getting any Citi stock because Citi isn't buying the whole corp, just the banking ops. Which means that Wach, as a publicly traded corp will still exist...sort of. Considering that I watched the value of my stock erode from $52/share all the way down to, what, $3 or $4, I say let's partner up with a slick little hustler of a lawyer and get these abusers on the hot seat. Let's see Kenny T and his chums repay some of their ill-gotten gains.

This whole scenario is disgusting. The only upside is that I have enough work years left to recover from this fiasco. Where is the AARP in this?

Pfizer Continues to Fall Further

Anyone who follows the company at all can discern that there are difficult times still ahead.

That said, it is time for the analysts, reporters and others to look at companies through a more appropriate lens - that is, the long term value and prospect of the business.

Many troubles facing businesses today are the result of trying to appease the short term. Issuing stock is a way for a company to create LONG TERM capital to service the business. The best value a company can deliver to its shareholders is to create a sustainable company that will be around for the long haul to pay dividends, etc.

This short term, gimme cash/returns NOW nonsense is an absolute poison to business. The pharma business - developing drugs - is a very long cycle. Start running, and evaluating, pharma companies through that lens.