kkin365

Why Is Merrill Lynch Trading Significantly below BAC's $29 Offer?

This morning, 9/17, Bob over CNBC mentions that, in the premarket, MER and BAC shares are not moving in sync. There must be some info of which I am not privileged to know.

Financials To Resume Meltdown Momentarily

I heard, over CNBC this morning (8/13/08), that naked short selling ends today. So, it is no longer a mere "rumor".The CNBC anchor then proceeded to comment, along with her guests, that price of financials are expected to decline as a result. So our poster's theme is essentially correct. Of course, we'll see how the market actually reacts to this event. I am unclear, however, whether the nakes shortsale rule ends at the opening or at the close of business today (8/13/08), though, thru inference, it is more likely the former.

Wall Street Breakfast: Must-Know News

When a company reports a loss, say 10 cents, it is difficult to assess what is meant by "missed by 003" -- does that mean the estimated loss was 7 cents or 13 cents?

Wall Street Breakfast: Must-Know News

This excellent report, being more concise, is getting better. Still, I would offer a minor suggestion. Lead off with world market, then follow with pre-mkt earnings report, then company writeups.

Wall Street Breakfast: Must-Know News

I echo the sentiment of another post (by Lisa) that this is an excellent summary of the day's major events. One suggestion is to be less verbose to facilitate reading, given that it would be wise to read this early in the morning, when one has a lot of other readings to do. Still, it is excellent service.

Wall Street Breakfast: Must-Know News

Excellent summary. Very much appreciated, particularly your coverage of int'l markets.

BoA Buys Countrywide - Implications for Main Street

I read that the BofA-Countrywide alliance has the government's blessing. Apparently, rules are there to be broken, as needed.
On NoFate's argument that 25% does not constitute a monopoly -- it is technically correct (and, indeed, oligopoly is the word). But, I think Felix is merely quoting the UK law -- in any case, the sentiment is clear.

BofA May Acquire Legal Headaches Together With Countrywide

While reading the aforementioned WSJ article, I was puzzled that a company can buy another's assets -- in toto, as it were in Countrywide's case -- without assuming the latter's liabilities. After the latter is folded, where can a creditor seek remedy? Is this a typical instance of capitalism?