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This is pretty cool. There’s an old-fashioned bidding war going on in, of all things, the coffee sector.
Peet’s Coffee & Tea (PEET) offered to buy little Diedrich Coffee (DDRX) for $26 a share. That was a 28% premium for DDRX.
This morning, Green Mountain Coffee Roasters (GMCR) confirmed ...
Commodities
Coffee
Jeff Somer recently wrote in the New York Times :
Experts say amateur investors tend to make two basic mistakes: they are swayed by emotion, and assume that recent performance will predict the future. Yet it’s not hard to sidestep these pitfalls with help from classic strategies known as ...
Other
David Dollar
Here's a video of Peter Schiff explaining why he disagrees with Nouriel Roubini's assessment that gold is in a bubble.
Stocks
Nouriel Roubini
Peter Fisher
Ever see a check for $9 billion?
Too Big to Fail: The $9 Billion Japanese Check to Morgan Stanley
Stocks
Morgan Stanley
The stock market is down for the third day in a row. I won't say I told you, but I did in fact tell you so .
If the current humpy thing doesn't pass the last humpy thing, then that probably won't be good*. Unless of course, there's a new and higher humpy thing. Bottom line: It remains to be ...
Other
Here, I'll pay you to borrow my money:
Some Treasury bills maturing at the start of next year traded at negative rates Thursday, a sign of investors' strong demand for the safest securities at a time when T-bills are in scarce supply.
When market participants buy Treasury bills at ...
Government
Treasury Bills
From Eric Falkenstein , whose book just arrived in the mail:
Most pundits, professional and amateur, consider a genius as someone who can effectively articulate one's platform more efficiently than themself. An idiot is someone who effectively articulates the other side.
Other
Day Trader
Senator Robert Byrd is being celebrated this week for breaking the record for longest service in the United States Congress. Byrd served six year in the House and another 50 years in the Senate.
For me, I’m going to take a pass on the celebrations. While I wish Senator Byrd well, I don’t ...
Other
I mentioned before that Donaldson ( DCI ) is a candidate to be cut from next year’s Buy List. This obviously terrified them as DCI reported first-quarter earnings of 45 cents a share, which was an amazing 11 cents better than expectations. That’s a huge beat and the stock is up nicely today. ...
Other
Sysco ( SYY ) already pays a fairly high dividend. Oftentimes, stocks with high dividend yields are traps because the lower share price merely reflects the market’s belief that the dividend will soon be cut. That isn’t the case with Sysco as they just raised their quarterly dividend, from 24 ...
Stocks
SYSCO
Treasury Bills
I’ve written before about my concerns with the historical prices section under Yahoo Finance. The problems seem to continue.
For Nicholas Financial ( NICK ), Yahoo Finance shows the 10% stock dividend happening yesterday. Note how the “Adjusted Close” column differs from the “Close” column. ...
Stocks
Yahoo!
Personal Finance
Here's an update to some research I've shown before. The data comes off Professor Ken French's data library. This shows stock market performance ranked by P/E Ratio decline. Stocks with the lowest P/E Ratios do the best, those with the highest do the worst.
Other
Can't say that I'm surprised :
The more prominent and financially successful a corporation becomes, the more likely it is to break the law, according to a new study led by a Michigan State University scholar that challenges previous research.
MSU’s Yuri Mishina and colleagues argue that ...
Other
I’m being a bit premature, but I’m going to called Ford Motor ( F ) my 2009 Stock of the Year. Think of what this stock has been through. Shares of F closed out 2008 at just $2.29 a share. Today, the stock broke above $9 to reach a high of $9.14. The shares haven’t been this high in over two ...
Stocks
Ford Motor Company
Joe Weisenthal lists a number of the most amazing bubbles in history . I'll add one more to the list -- the great Florida real estate boom of the 1920s. Here's a description of the madness from Wikipedia.
By the 1920s, its economic prosperity had set the conditions for a real estate bubble ...
Other
GMCR..............Green Mountain Coffee Roasters.............7,895.4%
HANS...............Hansen Natural........................................6,504.1%
BYI...................Bally Technologies...................................6,394.2%
SWN................Southwestern ...
Commodities
Coffee
Oil
How exactly do you apologize for being smarter than everyone else?
A little more than a week after Goldman’s chairman and chief executive drew fire for saying the Wall Street giant was “doing God’s work,” the bank said Tuesday that it would spend $500 million — or about 3 percent of the ...
Stocks
Goldman Sachs
Steven Pinker
or
Malcolm Gladwell
Who Has Smarter Hair? ( online surveys )
Other
I like finding oddball stocks that few people know about or bother following. One of the great things about investing is that little-known stocks can be great investments. Just look at the great performance of a stock like Leucadia National (LUK) which is up about 22,000% over the last 30 ...