Once again the MSM coverage skews actual results...This time they do it to Archer Daniels Midland (ADM) The headlines "ADM Profits Falls" and "Archer Daniels fourth-quarter profit slips by more than half" are as misleading as they come. Why?What do we really care about? The health of operations. ADM's profit of $3.30 a share last year was boosted $1.01 by asset sales. That means actual operations, what is does to make money, had a profit of $2.30 a share. This year, operations posted a profit... Continue Reading
Submitted ByAlex Stanczyk
Alex’s Notes: No, they are not by any stretch of the imagination.
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by: James Quinn posted on: August 03, 2008
“Treasury Secretary Henry Paulson delivered an upbeat assessment of the economy, saying growth was healthy and...
Submitted ByAlex Stanczyk
Calculate your own gold price projection
8/11/2008 10:01:34 AM | Jeff Clark
Gold price exit point easy as one-two-three. It’s true for almost any commodity: There are a lot of influences pushing on the [...]...
Submitted ByTrent Hamm
Quite often on The Simple Dollar, I’ll mention the advantages of getting your debt paid down. For most debts, paying them down is the best thing you can do with your money, provided that you have a small emergency fund set up to protect yourself against the unforeseen and at least some...
Submitted ByDavid Enke
Hedge funds have traditionally invested in banks, but now some funds are actually acting as the banks themselves. As discussed in a recent Business Week article, hedge funds are turning out to be a lender of last resort for some companies as the credit crisis unfolds. In particular, small...
Submitted ByAlex Stanczyk
Greenspan Says Housing Prices Not Yet Near Bottom
By Steve Matthews
July 31 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said falling U.S. home prices are “nowhere near the bottom” and the resulting market turmoil isn’t showing signs of abating.
While the odds of a...
Submitted ByJoshua Hayes
August 11, 2008Some people are all excited and think the worst is over, even though there has not been a single up day on the indexes where volume was clearly huge that it was obvious institutions were back at work. For those that don’t think that is a big deal, I assume you don’t like making...
Submitted ByTim Iacono
Earlier this morning, DataQuick reported on Southern California real estate sales activity for the month of July.Sales were up 17 percent from a year ago, largely a result of foreclosures and short sales, but they came in 23 percent below the average July sales volume going all the way back to...
Submitted ByMichael Pettis
The stock markets had a bad day, with the SSE Composite dropping 2.1% to close at 2741.7. Part of the reason for the decline was concern that a roughly $1 billion upcoming share sale by China South Locomotive and Rolling Stock Corp. will draw a lot of liquidity from the market (stock sales...
Submitted ByClaus Vistesen
I am pretty much up to my ears at the moment with, of all things, a country outlook/analysis on Chile. This means that I have not exactly had time to do my usual tour of the recent economic data from the Eurozone and Eastern Europe. I hope to redeem myself at a later point next week. Meanwhile I...
Submitted ByTimothy Sykes
So it’s been exactly SIX trading days since I’ve traded any stock and you gotta multiply that number by about 100 to get to the number of emails and comments on this blog I’ve received from people questioning why I’ve stopped trading.
Guys, my ideal plays do not come about every day. I rely...
Submitted ByGary Tanashian
Take it for what it's worth. I can only say how I am taking it and that is as a buying opportunity. This is what the sizable cash percentage has been for. It is shrinking now as fallen angels beg to be bought and I am personally getting very UNconservative (but no margin) in certain accounts...
Submitted ByTrader Mark
Technology is the new fertilizer! I mean the new healthcare! I mean new financials! ;)I've looked at about 20 names and except for Qualcomm (QCOM) there is nothing I want to add to the portfolio so to increase my technology exposure I am simply going to add even more Research in Motion (RIMM)...
Submitted ByThe Correct Call
The recent powerful rally in the greenback has been welcome news for investors. Oil has been dropping and the recent horror show of inflationary data could be on the decline. However, nothing is absolute or inherently good. What we mean is that a strongly rallying dollar also has a few downsides...
Submitted ByTimothy Sykes
My apologies for the delay, just waaaaay too much going on lately. For those who don’t know, TIMbucks is a rewards program meant to try to bribe people to participate/comment more. The plan is to giveaway away little gifts like TIMalerts subscriptions, autographed copies of An American...
Submitted ByTrader Mark
I wanted to sell McDermott (">MDR) in the high $30s in after hours after that not so quality earnings report Monday night [Aug 11: Global Infrastructure Night: Fluor, McDermott Earnings] but we obviously do not have access to after hours in this vehicle...
Submitted ByThe Correct Call
You know you are dealing with a tough crowd when you exceed estimates, guide higher for the future, grow your international bookings 80%, and see your stock price get smashed 17%. This is exactly what happened with Priceline.com (PCLN) after the close today.
The company earned $1.55 per share,...
Submitted ByTrader Mark
First time I've been able to look at the market today - it is quite a sad state of affairs for us. Enough is enough - I'm going to finally apply cash to the positions that have been busting us the past 48 hours and in fact 6 weeks.Fundamentals mean nothing. The charts have broken down across the...
Submitted ByTrader Mark
It appears our call for an imminent recovery in commodities late last week was prescient [Time for Commodities?] Looks like HAL 9000 and his quant hedge funds have now deemed the global growth story back on as oil is up - therefore lemmings of all varieties now move in and we can buy safely. I...
Submitted ByTrader Mark
This is simply a technical trade. After my Tuesday afternoon rant ("they know nothing!") I made a series of buys which I was hoping to flip out in 3-4 days. Because that is just about the only way to make money in these stocks nowadays. Unfortunately the change in direction in this market has...
Once again the MSM coverage skews actual results...This time they do it to Archer Daniels Midland (ADM) The headlines "ADM Profits Falls" and "Archer Daniels fourth-quarter profit slips by more than half" are as misleading as they come. Why?What do we really care about? The health of operations. ADM's profit of $3.30 a share last year was boosted $1.01 by asset sales. That means actual operations, what is does to make money, had a profit of $2.30 a share. This year, operations posted a profit... 
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