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From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogMarch 11, 2008 at 8:43 am ET
The least helpful call coming out of Wall Street’s Finest today might just be from Merrill Lynch, and it is a reduction in the price target of Suntech Power Holdings—ticker STP, last trade $32.07—from $100 ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogMarch 10, 2008 at 8:10 am ET
Woman With a Mission: Keeping Tabs on Sex Offenders
By COREY KILGANNON
Published: March 8, 2008
STONY BROOK, N.Y. — After a quick aerial survey of Long Island and the sites where its 1,200 registered sex offenders reside, ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogMarch 7, 2008 at 7:32 am ET
Harry’s HelplineSome sit it out, but GM Bldg bids top $3BSo reads today’s business page headline in the New York Post, the official newspaper of record here at NotMakingThisUp.The headline refers, of course, to the ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogMarch 5, 2008 at 7:49 am ET
Hands down the most surprising commentary on any conference call this earnings season—at least to the ears of NotMakingThisUp—came during the question-and-answer session of a publicly traded company that has been going through the earnings ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogMarch 3, 2008 at 8:54 am ET
The least helpful call you will see today from Wall Street’s collective Finest surely comes from Pali Research and has to do with Cablevision.Now, Pali may in fact be a fine organization, with terrific moneymaking ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 29, 2008 at 7:10 am ET
The poster child of the perils of following Wall Street’s whims must certainly be Dean Foods, the low-margin Dallas-base dairy company that almost one year ago to this day proudly “returned value to shareholders” through ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 26, 2008 at 7:40 am ET
“Dairy Queen is a business that I like, run by an outstanding management team. Dairy Queen will be a great addition to the Berkshire family.” —Warren Buffett, October 21, 1997“Too many of our restaurants are ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 24, 2008 at 9:53 am ET
Easily the most-read section of the New York Times Sunday Magazine, besides the crossword puzzle, is the “Questions For…” column by Deborah Solomon.I say this without a single statistic to validate the claim, but it’s ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 21, 2008 at 8:24 am ET
Yesterday, the credit crisis hit two national retailers: San Francisco-based Sharper Image, which sells high-tech gadgets such as air purifiers and massage chairs, and Lillian Vernon Corp., which sells low-cost gifts such as Easter baskets ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 18, 2008 at 8:43 am ET
Big Clinton Fund-Raisers May Run Their Own AdsRich Backers Huddle With Lawyers to Help Cash-Strapped Effort WASHINGTON -- As Sen. Hillary Clinton faces a money crunch, several of her top fund-raisers are considering using independent ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 12, 2008 at 10:17 am ET
Thus far—and the day is still young—the most interesting sentence in a press release might well be the following:“In the fourth quarter of 2007, the Company also experienced a softening of demand for certain of ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 8, 2008 at 7:52 am ET
Staples Cuts Off Paper SupplierBy TOM WRIGHTFebruary 8, 2008; Page A4Office-supplies retailer Staples Inc. has severed all contracts with Singapore-based Asia Pulp & Paper Co. Ltd., one of the world's largest paper companies, in a ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 6, 2008 at 8:30 am ET
Once again, Wall Street’s economists have finally—thanks to an economics statistic painstakingly compiled and reported by an upright and earnest institution (in this case the Institute for Supply Management, or IMS)—learned something the rest of ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogFebruary 2, 2008 at 12:39 pm ET
“In considering this merger, we took into consideration the best interest of the entire Dairy Queen system, consisting of our employees, our franchisees, our territory operators, our suppliers, our customers and our shareholders.”—John Mooty, Chairman ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 31, 2008 at 8:40 am ET
Wall Street’s Finest—the men and women who toil in the “equity research” vineyards of the major brokerage firms attempting to make sense of thousands of public companies for their clients—are nothing if not eternal optimists.Just ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 25, 2008 at 8:17 am ET
French Bank Says Rogue Trader Lost $7 Billion The bank [Société Genéralé] uncovered his scheme last weekend. It was selling off its positions during Monday’s market turmoil in Europe that led, in part, ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 23, 2008 at 8:11 am ET
So, was yesterday morning’s 400-point opening decline the selling climax?Did if happen that the market, in its infinite wisdom, finally entice all remaining weak holders of stocks to finally throw in the towel at precisely ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 20, 2008 at 12:14 pm ET
Warren Buffett, as we noted at the end of Part I in this series, owns Dairy Queen.Actually, Berkshire Hathaway owns Dairy Queen—or “International Dairy Queen,” as the well-known purveyor of soft ice cream is officially ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 15, 2008 at 8:04 pm ET
We expect to be within our previously stated guidance of $0.99 to $1.03 for earnings per share from continuing operations for the fourth quarter of fiscal year 2008.—Wal-Mart Stores, 1/10/08 As a result of the ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 13, 2008 at 12:03 pm ET
I am flying on a JetBlue Airbus moving 618 miles an hour across the heartland of America.In and of itself this flight is not a bit remarkable, inured as we have become to what any ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 9, 2008 at 8:22 am ET
Lest anyone think our recent look back at the NotMakingThisUp files is intended solely to republish the notions which we got right, here’s one we got quite wrong.Like, completely wrong.It was a “Weekend Edition” of ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 4, 2008 at 4:19 pm ET
An old adage on Wall Street is that by the time a fad, trend or national pastime gets plastered on the front cover of a major publication, that fad, trend or national pastime has peaked.And ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogJanuary 2, 2008 at 9:01 am ET
In a reflective mood as the New Year begins, we here at NotMakingThisUp have reviewed our case files in order to measure the worth, or lack thereof, of whatever it was we’ve chosen Not to ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogDecember 28, 2007 at 8:04 am ET
Anybody else getting a little tired of the publishing world’s latest infatuation—those books identifying “1001 [insert task here] You Must Do Before You Die”?Here’s a list of such book actual titles, and I am not ... ( more)
From Jeff Matthews Is Not Making This Up - view blog entries - visit this blogDecember 26, 2007 at 9:11 am ET
It’s the day after Christmas, and, unless something has gone dreadfully wrong with either consumer spending or the Amazon.com press department, time for that Internet retailer’s “Best Ever” press release.Sure enough, it’s right here on ... ( more)
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