I usually have a lot to say. I just know when to keep it to myself.
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Although holding thru any earnings
isn't a normal strategy of mine,
at this point-( and nicely up )-
I'll let the trailing stop handle the stress, lol.
I was very fortunate to get in early on.
I only wish my very good friend who ONLY puts
her money in CD's (speaking of) would've taken me more seriously
when I gave her some unsolicited advice about a month ago. She's sure kickin' herself now.
Guess I'm buying dinner next time she and I get together, lolol!
Weeeeeeeeeeeeeeeeeeeeeeeee! Good luck to us all!
:)
Posted by: lady*b
In reply to: eastunder who wrote msg# 1315 Date:3/20/2008 8:26:29 PM
Post #of 1322
Well, I broke my own rules again. I ordered my V this morning,
premaket @ 57.85, and loaded on BX @ 14.88 (bargain price, but could still go lower).
All on a whim, and knowing I'd not be able to watch.
I was thrilled when I came home, but don't expect anything
more than a rollercoaster for some time. Both up nicely today, V did great.
GLTY, I'm in. Tag! You're it. :)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27816895
Not sure, but I love the 75's right now in afterhours!
yikes- a stop knocked out- a stop knocked out-a stop knocked out....sigh..
Guess it's just a taste of the fun for next week!
Heck, those darn friday sellers :)
Have a good weeked!!
Visa broke 70! :)
(V) Vis-aaahhh. Broke 69 this morning (69.35 high) ;)
weeeee visa!
BX (link back for chart) tops at 19 bucks today.
On the other side of the coin,
class action announced -for not including certain
portfolio companies were actually declining in value-
within their original IPO prospectus.
pah-shaw
"...Google's showing could be a precursor to a strong earnings report from Yahoo Inc. next week...."
just that hint alone is enough for a sweet little
swing play.
YHOO up afterhours a lil' bit at the moment.
Google's 1Q profit climbs 30 pct and tops analyst views
Thursday April 17, 6:59 pm ET
By Michael Liedtke, AP Business Writer
Google's first-quarter profit rises 30 percent, beats analyst expectations
SAN FRANCISCO (AP) -- Google Inc. tweaked its online advertising formula and expanded its business outside the United States to produce a first-quarter profit that surpassed analysts' predictions, alleviating some of the economic worries battering its stock this year.
The news, released after the stock market closed Thursday, lifted Google's recently drooping shares by more than $76, or 17 percent.
The Internet search leader said it earned $1.31 billion, or $4.12 per share, during the first three months of the year. That represented a 31 percent increase from net income of $1 billion, or $3.18 per share, in the first quarter of 2007.
If not for expenses to cover stock given its employees, Google said it would have made $4.84 per share.
That figure outstripped the average projection of $4.52 per share among analysts surveyed by Thomson Financial.
First-quarter revenue totaled $5.19 billion, up 42 percent from $3.66 billion a year ago.
After subtracting the commissions paid to the company's advertising partners, Google's revenue stood at $3.7 billion -- about $100 million above analyst estimates.
"It's clear we are well positioned for 2008 and beyond, regardless of the business environment we are surrounded by," Google Chief Executive Eric Schmidt told analysts during a Thursday conference call.
Google's showing could be a precursor to a strong earnings report from Yahoo Inc. next week.
If it can meet or exceed analyst expectations like Google did, Yahoo will be in a better position to ward off Microsoft Corp.'s unsolicited takeover bid or at least argue for its suitor to raise the cash-and-stock offer from its current value of about $42 billion.
Mountain View-based Google is trying to help Sunnyvale-based Yahoo thwart Microsoft by helping Yahoo place ads on its Web site as part of a test scheduled to conclude next week. Schmidt declined to answer a question about the chances of Google signing a long-term advertising contract with Yahoo -- a deal that would likely face intense scrutiny from antitrust regulators.
"It's nice to be working with Yahoo," Schmidt said. "We like them very much."
Investors had serious doubts about Google's short-term prospects before Thursday.
The financial targets that guide Wall Street's expectations had fallen during the past two months as Web surfing data convinced analysts that Google's advertising links aren't attracting as much consumer interest amid mounting evidence the U.S. economy had tumbled into a recession. Google makes money from the links only when Web surfers click on them.
But management has said the slowdown in ad clicking largely reflected changes that purposefully reduced the volume of commercial in an effort to deliver more compelling messages that lead to purchases.
By making this switch, Google bet that advertisers would be willing to pay more for each ad link and ultimately generate more revenue from fewer clicks.
That appears to be what happened in the first quarter when the company said the number of paid clicks from last year rose by 20 percent, less than half the rate of the first-quarter revenue increase.
Google's performance indicates the Internet's advertising market -- expected to generate $44 billion in worldwide spending -- remains robust, especially outside the United States.
International markets accounted for 51 percent of Google's revenue in an expansion that was accentuated by the weak dollar. It's the first time in Google's 9 1/2-year history that more than half of its revenue came from outside the United States.
Google said its revenue would have been about $202 million lower if the dollar's value hadn't declined so dramatically from the first quarter of 2007.
An unusually low tax rate of 24 percent also bolstered Google's earnings. The company's quarterly tax rate ranged from 25 percent to 27 percent last year. Management attributed this year's lower rate primarily to its widening exposure to markets outside the United States.
The results restored some of the $75 billion in shareholder wealth that had evaporated with the 35 percent drop in Google's stock price this year.
Google shares declined $5.49 during regular trading to finish at $449.54.
This was the 12th quarter out of the 15 since Google went public that its performance has topped analyst expectations -- a trend that had helped propel its stock to nearly $750 before the recent plunge.
http://biz.yahoo.com/ap/080417/earns_google.html
Hey Jimmenknee- the A/H Goog news might be a plus
for the V earnings. I see the folks in MA agree
for them as well. After all, how are the majority
of online sales transacted? imho, credit cards.
even with paypal, they too utilize the security
setting while processing major cc's.
good luck to us very soon!
HF *HFF INC. GAINS 7.8%; MORGAN STANLEY UPS TO OVERWEIGHT
9:55 AM ET 4/9/08 - Xinhua Financial News
HF printing over 6 now-link back for chart and notes.
going to watch it afterhours now....glty
Visa Inc. To Announce Fiscal Second Quarter 2008 Financial Results on
April 28, 2008
SAN FRANCISCO, April 8, 2008, 2008 /PRNewswire-FirstCall via COMTEX/ -- Visa
Inc. (NYSE: V) will report its fiscal second quarter 2008 financial results on
Monday, April 28, 2008. The results will be included in a press release, with
accompanying financial information, that will be released after market close and
posted on the Visa Investor Relations website.
Visa's executive management team will then host a live audio webcast beginning
at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss the financial results and business
highlights.
All interested parties are invited to listen to the live webcast at
http://investor.visa.com. A replay of the webcast will be available on the Visa
Investor Relations website for 30 days.
About Visa: Visa Inc. operates the world's largest retail electronic payments
network providing processing services and payment product platforms. This
includes consumer credit, debit, prepaid and commercial payments, which are
offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys
acceptance around the world, and Visa/PLUS is one of the world's largest global
ATM networks, offering cash access in local currency in more than 170 countries.
Contacts:
Victoria Hyde-Dunn, Investor Relations
Visa Inc.
Tel: +1 415 932 2213
E-mail: ir@visa.com
Sandra Chu, Media Relations
Visa Inc.
Tel: +1 415 932 2564
E-mail: globalmedia@visa.com
SOURCE Visa Inc.
Visa jimmenknee....high 60's :) That was quick, lol
In the most highly respected and profitable professions,
the element of "practice" is in the title to give room for error.
If you can be a Practicing Physician or a Practicing Attorney
then by all means accept that you will be a Practicing Trader.
Everyone gets burned at some point, right?
Heck knows I've seen my share (or wondered where it went). lol
Have a good night, jimmenknee. And GLTY!
Jimmenknee- : Posted by: badknees29
In reply to: None Date:8/14/2007 4:53:27 PM
Post #of 1318
VMware surges almost 76% on its first day of trading8-14-07 4:07 PM EDT | E-mail Article | Print ArticleSAN FRANCISCO (MarketWatch) -- VMware Inc. shares climbed almost 76% Tuesday in a strong debut from EMC Corp.'s software spinoff, which raised nearly $1 billion from tech-hungry investors.
Palo Alto, Calif.-based VMware (VMW) sold 33 million shares at $29 a share as Wall Street embraced a profitable firm that specializes in technology that boosts the power of Web servers and data centers.
The IPO priced atop its boosted $27-$29 range despite volatile market conditions, with some investors viewing the tech sector as a relatively safe haven from the financial and real-estate turmoil that's rippling through stocks.
The stock ended the day up by $22 to close at $51 a share.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=22069232&txt2find=vmw
You're welcome, jimmenknee. True, VMW was a monster debut-
"but the bigger they are"........yada, yada, yada
Actually, VMW is exactly today where it jumped to it's first day trading (i think.....)
lol
RVBD = 12.86 just hit all time low based on forecast...should go lower still (downgraded on Friday)
and is perfectly on sale for the savvy shopper........imho.....
keep in mind that the company is still profitable and
the numbers still aren't too shabby....
Excluding stock option costs, the San Francisco-based company now expects to earn between 8 and 10 cents per share for the period ended March 31, down from 11 or 12 cents per share. Its revenue outlook fell to a range of $72 million to $73 million, down from $79 million to $82 million.
27 Definitions...used in IPO Financial Analysis
Valuation
% offered in IPO Expected IPO proceeds divided by market value
Annualized Earnings(loss) Quarterly earnings (loss) multiplied by four
Annualized Sales Quarterly sales multiplied by four. Not used for seasonal businesses
Market value Price per share times number of shares issued & outstanding
Price-to-Book Value Market value divided by Book Value
Price-to-Earnings (loss) Market value divided by Annualized Earnings (loss)
Price-to-Sales Market value divided by Annualized Sales
Price-to-Tangible Bk Value Market value divided by Tangible Book Value
Selling Shareholders Pre-IPO investors who use the IPO to sell their stock
Use of Proceeds Usually for working capital, debt repayment, or selling shareholders
Profit/Loss Income Statement
Amortization Non-cash (income statement) charge, applies to 'Goodwill'
Cost of GoodsSold(COGS) Direct cost of goods, not including adv, sales, marketing, etc.
Depreciation Non-cash charge reducing an asset's value: a building 'depreciates'
Equity Charges Non-cash compensation charges, usually related to stock options
Excluded charges Usually equity compensation, amortization, sometimes depreciation
Gross Margin Sales minus Cost of Goods Sold (COGS)
Gross Margin % Gross Margin divided by Sales
Income Statement Sales & expenses over a specified time, similar to a tax return
Profit % Profit divided by Sales
Balance Sheet
Balance Sheet A snapshot on a particular day of assets & liabilities
Book Value Shareholder's Equity on the balance sheet
Current Assets Assets which can be converted to cash within 12 months
Current Liabilities Liabilities which are due and payable within the next 12 months
Goodwill Price paid (in acquiring a business) over Tangible Book Value
Shareholders Equity Total assets less all liabilities (current + long term)
Tangible Book Value Book Value less 'goodwill asset accounts' on the balance sheet
Working Capital Current assets less current liabilities
Alphabetical Listing
% offered in IPO Expected IPO proceeds divided by IPO market value
Amortization Non-cash (income statement) charge, applies to 'Goodwill'
Annualized Earnings(loss) Quarterly earnings (loss) multiplied by four
Annualized Sales Quarterly sales multiplied by four. Not used for seasonal businesses
Balance Sheet A snapshot on a particular day of assets & liabilities
Book Value Shareholder's Equity on the balance sheet
Cost of GoodsSold(COGS) Direct cost of goods, not including adv, sales, marketing, etc.
Current Assets Assets which can be converted to cash within 12 months
Current Liabilities Liabilities which are due and payable within the next 12 months
Depreciation Non-cash charge reducing an asset's value: a building 'depreciates'
Equity Charges Non-cash compensation charges, usually related to stock options
Excluded charges Usually equity compensation, amortization, sometimes depreciation
Goodwill Price paid (in acquiring a business) over Tangible Book Value
Gross Margin Sales minus Cost of Goods Sold (COGS)
Gross Margin % Gross Margin divided by Sales
Income Statement Sales & expenses over a specified time, similar to a tax return
Market value Price per share times number of shares issued & outstanding
Price-to-Book Value Market value divided by Book Value
Price-to-Earnings (loss) Market value divided by Annualized Earnings (loss)
Price-to-Sales Market value divided by Annualized Sales
Price-to-Tangible Bk Value Market value divided by Tangible Book Value
Profit % Profit divided by Sales
Selling Shareholders Pre-IPO investors who use the IPO to sell their stock
Shareholders Equity Total assets less all liabilities (current + long term)
Tangible Book Value Book Value less 'goodwill asset accounts' on the balance sheet
Use of Proceeds Usually for working capital, debt repayment, or selling shareholders
Working Capital Current assets less current liabilities
Jimmenknee, I'm going to give you (whats now become the industry/press standard) comparison below.
Note the first 3 months of uncertainty in MA and then the jump when the lock-up period ended (NOV).
VISA's quiet period is up on April 27th and lock up ends
on Sept 14th.
Now, although they are different companies offering different services- Read this excerpt, and then check out the dates I
notes for you in MA's chart below.....It's a shakey economy, but fortunately it's a buyers market in both real estate and stock.
Everything is on sale as I see it. :) Elections in November
may restore investor and consumer confidence. Lots of reasons
right now to see the dropping prices- and lots of opportunity.
I'd say V is right on at the moment. Too much hype from the getgo- and it could have been a rocket only to collapse so soon. She's holding her own at the moment. Watch for dips (61? high 50's? and enjoy) IMHO
Visa generated $5.2 billion in annual revenue last year as it handled more than more than 44 billion transactions totaling more than $3.2 trillion. The volume puts Visa far ahead of its main rival MasterCard Inc., whose own shares have more than quintupled from their May 2006 IPO price of $39.
Making Visa even more alluring to investors, the company is well-insulated from the credit problems that have scarred many of the lenders that issue the cards bearing its brand.
Unlike those lenders, Visa doesn't carry any consumer debt on its books. It makes depends on transaction fees, which have been steadily rising for years, including the past two U.S. recessions in 1991 and 2001.
Since the last recession, Visa has enticed consumers to use its credit and debit cards more frequently to pay for staples like groceries, gas and even utility bills. Visa estimates about 42 percent of its transactions fall into this "nondiscretionary" category, up from 27 percent in 2000.
http://money.aol.com/news/articles/_a/visa-stock-soars-in-market-debut/n20080319152109990017
That post makes sense. Thank you for highlighting a factor
I'd previously overlooked....
BX may be getting some positive publicity associated with the Yahoo/Microsoft negotiations since they are representing Microsoft in the deal making I think?
Now, with the 3 week deadline- and the above if true- we should see nice gains along the way like we have been the past week.
In black and white on the BX website:
Corporate and Mergers and Acquisitions Overview
Our corporate and mergers and acquisitions advisory operation has been an independent provider of financial and mergers and acquisitions advisory services since the firm was founded in 1985. Professionals in this area have a wide array of specialized industry knowledge and experience and provide all types of financial and mergers and acquisitions advisory services with a wide range of transaction execution capability with respect to acquisitions, mergers, joint ventures, minority investments, asset swaps, divestitures, takeover defenses and distressed sales.
The services provided also include specialized advice in various areas, including special committee assignments, exclusive sales, demutualizations and conversions, structured products and financing advice. Since 1985, our corporate and mergers and acquisitions advisory services operation has advised on transactions with a total value of more than $325 billion. Some of the clients we have recently advised include Albertsons, Comcast Corporation, Fox Entertainment Group, Inc., Kinder Morgan, Microsoft Corporation, The Procter & Gamble Company, Reuters, Sony Corporation and Suez S.A. In 2006, we opened an office in London to expand our corporate and mergers and acquisitions advisory service offerings beyond our U.S. base.
The success of our corporate and mergers and acquisitions advisory services has resulted from our core principles, including protecting client confidentiality, prioritizing our client's interests, avoidance of conflicts and giving each assignment senior-level attention. The 14 senior managing directors in our corporate and mergers and acquisitions advisory services operation have an average of over 20 years of experience in providing financial and mergers and acquisitions advice.
http://www.blackstone.com/financial_advisory/mergers/index.html
V- Visa- still idle and decent price. I predict high
60's soon and then some more excitement to follow soon
after. Give her 2 weeks. Nice entries here, imho...
HF- (chart) at lows around 5 bucks. Sells on Friday, recouped afterhours. Watch this imho the next few weeks.....
BX- (chart) has been at bargain recently- currently
a hottie....knock on wood...
in at recent 14.88 dip- still room, imho
Well, I broke my own rules again. I ordered my V this morning,
premaket @ 57.85, and loaded on BX @ 14.88 (bargain price, but could still go lower).
All on a whim, and knowing I'd not be able to watch.
I was thrilled when I came home, but don't expect anything
more than a rollercoaster for some time. Both up nicely today, V did great.
GLTY, I'm in. Tag! You're it. :)
Waiting to strike here as well. Going in on the first 2 days breaks my rules-
I am patient. Remember, a good company doesn't have a perfect entry. Any entry in a quality company is good. Period.
IPO's break some sweat and anxiety the first few days.
Day 4-5 usually very telling. Go back and look at the changes/predictions on any IPO in the past few years.
By the 6th day, they're usually showing their true cards. imho
GLTY!
All is well, jimmenknee, thanks. Hibernation? Well,
it seems down to me right now. Could be temp? I know
as much as anyone else right now.
Visa priced at $44. Wont open there, imho- should be much higher on open- rollercoater- watch out the first 2 days at least- then mark your entry, imho
Good sign, priced above range- should be wild rollercoaster tomorrow, imho- wonder what it will actually open at
Goldman Sachs beats 1Q expectations
By JOE BEL BRUNO, AP Business Writer
Tue Mar 18, 12:27 PM ET
NEW YORK - Goldman Sachs Group Inc., the world's largest investment bank, on Tuesday reported stronger asset management and commodities performance pushed first-quarter results well above Wall Street projections.
However, the investment house also showed its vulnerability to the global credit crisis. Goldman posted net losses on residential mortgages and securities of $1 billion, credit products produced another $1 billion loss, and investment banking returns were sluggish.
"Market conditions are clearly very difficult," Chairman and Chief Executive Lloyd Blankfein said in a statement.
Goldman reported first-quarter earnings of $1.47 billion after preferred dividends, or $3.23 per share, down from $3.2 billion, or $6.67 per share, last year. Revenue fell to $8.33 billion from $12.73 billion a year earlier.
Analysts polled by Thomson Financial on average expected earnings of $2.58 per share on $7.47 billion in revenue. Reflecting the uncertain nature of the times, the 18 analysts reporting earnings estimates had forecast anything from $1.95 to $3.40 per share in profits.
Liquidity problems among investment banks have been a major question in recent days. Lehman's competitor Bear Stearns Cos. was forced to sell itself Sunday for about $2 per share in order to avoid bankruptcy. The sale came just days after its liquidity evaporated in a matter of hours, as investors and lenders worried over the company's investments in risky debt.
As mortgages increasingly defaulted in 2007, investors shied away from bonds backed by the risky loans for fear of the bonds defaulting. That lack of investor appetite led banks to cut the value of their holdings, and has severely reduced investment banks' capital markets and fixed income business.
Goldman was still able to surpass expectations, a major relief to analysts and investors who remained worried that the market's upheaval in the past month might have severely curtailed the investment bank's ability to make money.
One area that did not fare well was its principal trading — usually a strong suit for Goldman. Revenue fell to $5.12 billion, down by about half from the year-ago period.
However, fixed-income trading was down only slightly during the quarter, despite losses from its mortgage loans and securities.
investment banking revenue fell to $1.17 billion, down by a third as the number of deals during the period began to diminish. Companies are much more reticent to complete big deals given the market's fluctuations.
Shares of the company rose $20.92, or 13.9 percent, to $171.93 in midday trading.
http://news.yahoo.com/s/ap/20080318/ap_on_bi_ge/earns_goldman_sachs;_ylt=AnTrF_KVsyNtWVQQ.vGyC2Bv24cA
Stocks still up after Fed move
By MADLEN READ, AP Business Writer
6 minutes ago
NEW YORK - Wall Street stormed higher Tuesday as investors, optimistic following stronger-than-expected earnings from two big investment banks, were also galvanized by the Federal Reserve's decision to cut interest rates by three-quarters of a percentage point. The Dow Jones industrial average soared 420 points, its biggest one-day point gain in more than five years.
Many investors were expecting the Fed to cut rates a full point, but appeared to overcome their early disappointment, especially since a 0.75 point cut is still substantial. The central bank's benchmark fed funds rate is now at 2.25 percent — its lowest level since December 2004, and less than half what it was last summer. The Fed began lowering rates exactly six months ago, after the credit markets seized up due to soaring defaults in subprime mortgages.
In its statement accompanying the rate decision, the Fed said "recent information indicates that the outlook for economic activity has weakened further," but also that "uncertainty about the inflation outlook has increased."
"The Fed once again in the statement showed that it is ready for further action if this were needed," said Christian Menegatti, lead analyst for online economic research firm RGE Monitor. "It also showed the fact that it's still paying attention to inflation ... but that it is far from being the primary concern right now. And the market knows that, and it is happy."
Quarterly results from Lehman Brothers Inc. and Goldman Sachs Group Inc. early Tuesday gave great comfort to a market fearful about investment banks weakening further — and hurting the rest of the economy — due to losing bets on mortgage-backed securities. After Sunday's news that the stricken Bear Stearns Cos. was being bought by JPMorgan Chase & Co. at a bargain price of $2 a share, both Lehman and Goldman posted quarterly profits early Tuesday that were significantly lower than they were a year ago, but higher than analysts predicted.
"The overwhelming news this morning was the Lehman and Goldman Sachs earnings," said Jim Herrick, director of equity trading at Baird & Co. "The earnings this morning allayed investors' fears that there's going to be a hard collapse."
Still, while Wall Street's advance was heartening, investors were well aware that over the past six months, stocks have had many bursts higher, only to give them back at the first sign of credit market or economic trouble.
It will take some time before anyone knows whether the market is back on a true upward track, or is just staging another bear market rally. As market watchers will recall, the Dow jumped 416 points just last Wednesday after a $200 billion loan pledge from the Fed. A great deal of those gains evaporated late last week on worries about Bear Stearns.
After the Fed's decision was announced, the Dow first gave back half of its 300-point gain, then shot higher, closing up 420.41, or 3.51 percent, at 12,392.66. The Dow's point gain was the largest point jump for the Dow since a 447-point advance on July 29, 2002.
Broader stock indicators also finished sharply higher. The Standard & Poor's 500 index rose 54.14, or 4.24 percent, at 1,330.74, and the Nasdaq composite index rose 91.25, or 4.19 percent, to 2,268.26.
Bond prices were mixed after the Fed rate cut. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.45 percent from 3.30 percent late Friday.
It was a good sign that short-dated Treasury prices rose while long-dated bonds fell, said Michael Materasso, senior vice president at Franklin Templeton. "What you're seeing is an unwinding of this flight-to-quality that we saw last week," he said, adding that the Fed's cut and statement indicated that it is willing to act further, but "not panicking."
After its last scheduled meeting Jan. 30, the Fed reduced rates by a half-point, pointing to not only stressed financial markets, but also tightening credit for businesses and households; a deepening in the housing contraction; and softening in the labor markets. The central bank repeated these concerns in its statement Tuesday.
Data released Tuesday supported the notion that the economy is sliding while costs are rising. The Commerce Department said home construction fell in February: housing starts fell 0.6 percent, while building permits plummeted 7.8 percent.
Meanwhile, the Labor Department reported a 0.3 percent rise in its Producer Price Index for February, in line with estimates, but the core PPI, which strips out food and energy prices, rose by a greater-than-expected 0.5 percent.
Although the market was clearly upbeat on Tuesday, many on Wall Street have been unsure recently that rate cuts will give the markets and the economy the lift they need; rate cuts usually spur growth, but they also drive down the dollar, which in turn lifts commodities prices. It's likely that the uncertainty will lead to some more pullbacks until investors have a sense that the economy is indeed recovering.
Wall Street certainly remains nervous about the effect of inflation on cash-strapped homeowners. Still, the Fed's language about inflation Tuesday could be oddly comforting to investors, who may be relieved that policymakers weren't so preoccupied with troubles in the credit market as to set aside inflationary concerns.
"They're saying, 'You're healthy enough for me to talk about inflation,' " said Swiss Re senior economist Arun Raha.
Following the Fed's move, the dollar regained ground against some major currencies, while gold prices fell and crude oil surged $3.74 to settle at $109.42 a barrel on the New York Mercantile Exchange.
Advancing issues outnumbered decliners by 9 to 1 on the New York Stock Exchange, where volume came to 1.95 billion shares.
The Russell 2000 index of smaller companies rose 31.45, or 4.83 percent, to 681.93.
Financial stocks were the biggest winners Tuesday. Lehman rose $14.74, or 46 percent, to $46.49; Goldman rose $24.57, or 16 percent, to $175.59; and Bear Stearns rose $1.10, or nearly 23 percent, to $5.91.
Stock markets overseas, which closed before the Fed decision, rebounded Tuesday from sharp drops a day earlier. Japan's Nikkei stock average bounced 1.50 percent, while Hong Kong's Hang Seng index rose 1.4 percent. Britain's FTSE 100 rose 3.12 percent, Germany's DAX index added 3.36 percent, and France's CAC-40 increased 3.18 percent.
___
http://news.yahoo.com/s/ap/20080318/ap_on_bi_st_ma_re/wall_street
Visa (V)
(in millions)
Market Cap $30,775.0
Revenues $5,508
Net Income ($686)
Shares Offered 406.0 mm
PROSPECTUS
http://www.sec.gov/Archives/edgar/data/1403161/000119312507242653/ds1.htm
UNDERWRITERS
J.P. Morgan -Joint Book Runner
Goldman Sachs- Joint Book Runner
Banc of America -Joint Book Runner
Citi -Joint Book Runner
HSBC Corporation -Joint Book Runner
Merrill Lynch- Joint Book Runner
UBS Investment Bank- Joint Book Runner
Wachovia Securities- Joint Book Runner
CIBC World Markets- Co Manager
Daiwa Securities -Co Manager
Mitsubishi UFJ Securities -Co Manager
Piper Jaffray -Co Manager
RBC Capital Markets- Co Manager
Suntrust Robinson -Co Manager
Wells Fargo Securities -Co Manager
ABN AMRO -Co Manager
Barclays Capital -Co Manager
Calyon Securities -Co Manager
Credit Suisse- Co Manager
P.O. Box 8999
San Francisco, CA
(415) 932-2100
http://www.visa.com
Visa (V)
(in millions)
Market Cap $30,775.0
Revenues $5,508
Net Income ($686)
Shares Offered 406.0 mm
PROSPECTUS
http://www.sec.gov/Archives/edgar/data/1403161/000119312507242653/ds1.htm
UNDERWRITERS
J.P. Morgan -Joint Book Runner
Goldman Sachs- Joint Book Runner
Banc of America -Joint Book Runner
Citi -Joint Book Runner
HSBC Corporation -Joint Book Runner
Merrill Lynch- Joint Book Runner
UBS Investment Bank- Joint Book Runner
Wachovia Securities- Joint Book Runner
CIBC World Markets- Co Manager
Daiwa Securities -Co Manager
Mitsubishi UFJ Securities -Co Manager
Piper Jaffray -Co Manager
RBC Capital Markets- Co Manager
Suntrust Robinson -Co Manager
Wells Fargo Securities -Co Manager
ABN AMRO -Co Manager
Barclays Capital -Co Manager
Calyon Securities -Co Manager
Credit Suisse- Co Manager
P.O. Box 8999
San Francisco, CA
(415) 932-2100
http://www.visa.com
RIP
If it prices on time, it will be this evening and will begin trading tomorrow. :) Glty!
Keep checking Yahoo V for ticker's news on pricing. Sometimes it happens very late in the eve.
Visa announces terms for IPO
2/25/2008
Visa, the operator of the world’s largest retail electronic payments network, announced terms for its IPO in a filing with the SEC on Monday. The company plans to offer 406 million shares at a range of $37-$42, potentially raising $16 billion at the midpoint. The deal is expected to price on March 19th. JPMorgan and Goldman Sachs are the lead underwriters on the deal.
3 a.m. girl’ hopes Obama answers phone
Published: March 9th, 2008 02:00 AMA
slumbering girl in Hillary Rodham Clinton’s “Who do you want answering the phone at 3 a.m.?” campaign ad is mostly grown up now, and it turns out she lives in Bonney Lake.
Guess which of the Democratic candidates she wants to answer that phone? Barack Obama.
The stock advertising footage of the sleeping grade-schooler was shot some eight years ago, and the girl, Casey Knowles, is now 17 and a devoted Obama supporter.
She’s slated to tell her story on ABC’s “Good Morning America Weekend” today and on NBC’s “Today” show Monday, her mother, Pam Knowles said in an interview Saturday night. Casey and her dad, Richard, were winging their way to New York on Saturday.
The pro-Clinton ad, which ran in Texas before last week’s primary-caucus, opens with a few seconds of Casey sleeping and asks whom voters would prefer in the White House in a crisis.
Casey and the commercial have been a hot topic on Internet blogs and on the campaign trail. In Wyoming on Friday, Obama used humor and disdain to address how he would handle a national emergency at 3 a.m.
“What do people think I’m going to do? I’m going to answer the phone,” he said.
Casey was filmed when the family used to work as extras for commercials, Pam said.
Though Casey and her mom had heard about the ad in the news, they didn’t see it until Thursday night on “The Daily Show with Jon Stewart.”
“My son goes, ‘That was Casey on TV,’” Pam recalled. The family replayed the segment on their digital video recorder. “After we saw her, we lost all consciousness! We couldn’t believe it. … We were all like, ‘Oh my gosh, you’re the 3 a.m. girl!’”
The incredulous Casey laughed, especially at the irony.
The Bonney Lake High senior, who turns 18 next month, has been campaigning for Obama. She was a Democratic precinct captain at the Feb. 9 caucus. She and some friends saw him speak Feb. 8 at KeyArena. As the candidate walked through the crowd, Casey shook his hand.
“She called my husband right after that,” said Pam, an elementary school secretary. “She was crying and trembling. … Her dream is to be able to meet him.”
The teen was featured in a CNN piece Saturday and said it was “perfect timing” that the old footage is surfacing now.
“I think it would be wonderful if Barack Obama and I could get together and do a counter-ad,” she said on CNN.
Casey is interested in politics and hopes to study international studies in college. She’s a vegan, holds a 3.67 grade-point average, and belongs to the school’s Amnesty International group and Animal Allies club, her mom said.
It’s been a whirlwind for the family since they saw the commercial. Pam told her brother about Casey being in it, and he told a friend at KING 5 News. No sooner had the news story aired on that channel than Casey began getting calls from national media outlets. Obama’s Illinois campaign headquarters called Casey on Saturday.
Pam and Brady, Casey’s 15-year-old brother, plan to join Casey and her dad today in New York, courtesy of “Good Morning America.” The ABC program is paying airfare and three nights in a hotel for the family.
SEE HER ON TV
Casey Knowles of Bonney Lake appears:
• Today on ABC’s “Good Morning America,” 7 a.m., KOMO, Channel 4.
• Monday on NBC’s “Today” show, 7 a.m., KING, Channel 5.
http://www.thenewstribune.com/news/local/story/304408.html
Clarity, that is an absolute compliment for Tiki.
Well said-
now keep reading.. ;)
There are amazing people on these boards, and breaks in the economy are simply vessels for pursuing other ambitions.
I hope many are as fortunate as you, I, serfdom or Tiki (and others)
to find passions that lurk within our spirits and really
achieve other goals during the separations from stock boards and trading.
Heaven knows that time away will allow you to make an impression much more grand than at ihub.
In fact, I'll say I am proud to watch you make a bigger name for yourself.
You are truly one of the most talented and creative individuals that I've met in a very long time.
You're much to humble to admit how talented you
are- and I'll be happy to showcase each at least
a couple of your attributes that have caught my attention.
You have the uncanny ability to scare the *(ah-hem) out of me
with your descriptions of foresight, all the while teaching and humoring your audiences at the same time.
I cannot count how many times some of your expressions have lingered in my head,
and how many of your suggestions have made a lasting impression on me and my own perception.
I'll say ihub has been a marvelous place for you to exercise the other extension of
your logical and mathematical skills that get hungry.
The approach you take to choosing stocks is only second
to it's precise explanations that you accurately explain
so that everyone can benefit. The people that have marked
you will always be grateful for the extra eyes you've provided....
- as an unbias, honest and helpful person
that you are.
That, in itself, is more often rare here than not.
There are very few people that are trustworthy on
the boards- and I can shake my head with wonder at those
who've ever doubted you- some are so very wrong about you.
....alas, some will just never know what they are missing.
See you on the other side my friend,
Bridge
Hi Tex,
Even on my leave of absence here, I am paying attention
to the campaign on edge.......
My opinions at this point would require another board, haha.
One thing is for certain,
at some point one of the historical candidates will
take office. Age, race or gender....the people will
elect a candidate to end a destructive and long (imho)
8 year wait.
Hopefully, the party can regain it's solidarity prior
to Denver.
:)