NOVEMBER 20, 2008 (Dow 7552, down 445) - The Second Great Dpression is on the table. The government can't let the large financial institutioins fail; must make sure the annuities and life insurance are there for beneficiaries; stabilize housing prices through tax credits for buying new homes; use TARP money to buy toxic mortgage securities from the banks; must back Fannie and Freddie bonds with an explicit guarantee to lower mortgage interest rates; modify existing mortgages so they are affordable; set up tax credits for hiring people to stabilize unemployment; provide debtor in possession (DIP) financing for the auto companies and guarantee their warranties; start a trillion dollar infrastructure program to put people to work and push the European Central Bank (ECB) and the Bank of China (BOC) to lower rates to 2.00% to reignite growth in their economies. THese actions may remove systemic risk and cause some of the money on the sidelines to buy riskier assets. Still like the quality high yielders (see recent recommendations). The SEC chairman is in the pocket of the short sellers.
hated stock is cheap - would be a buyer - see it substantially higher by year end
30.70
-21.20%
07/30/08
want to buy it hand over fist here
30.91
-20.66%
08/26/08
can't back away down here - shouldn't be this low
30.62
-21.41%
08/27/08
is ridiculously cheap here - am a buyer
31.20
-19.92%
09/19/08
we have to look through the valley before there is improvement - has a nice dividend while you wait
30.43
-21.89%
09/25/08
has safe dividend - would hold it - has to go lower before buying
30.07
-22.82%
11/06/08
a buy when its yield hits 7%
25.99
-33.29%
11/13/08
has a 6% yield that is expected to be increased in December to $1.76/sh - the stock has dropped after it missed its qtr - they will make it back - iPhone subscribers are growing - wireless continues to expand - store traffic is up 15% yr/yr - new Blackberry phones will add to growth - CEO interviewed: 3G networks are the future - iPhone subscribers' revenues are twice our average subscriber - data revenues are growing 35-40% - U-verse has caught fire with 800,000 subscribers - the Centennial acquisition adds new areas of coverage for AT&T & will create value - there is some slowdown in our enterprise business - Cramer says to buy it as the yield goes up
Back to Top