Acme United Corporation Q2 2008 Earnings Call Transcript

Acme United Corporation (ACU)

Q2 2008 Earnings Call

Great Atlantic & Pacific Tea Company, Inc. F1Q08 (Qtr End 6/16/08) Earnings Call Transcript

Great Atlantic & Pacific Tea Company, Inc. (GAP)

F1Q08 (Qtr End 06/16/08) Earnings Call

Independent Bank Corp. Q2 2008 Earnings Call Transcript

Independent Bank Corp. (INDB)

Q2 2008 Earnings Call

Citigroup, Inc. F2Q08 (Qtr End 6/30/08) Earnings Call Transcript

Citigroup, Inc.

F2Q08 Earnings Call

Amcol International Corp. Q2 2008 Earnings Call Transcript

Amcol International Corp. (ACO)

Q2 2008 Earnings Ca

Are Short Sales Shorting the Real Estate Market?

A few weeks ago, I wrote an article about my 300-mile trip to buy an investment property because I felt that, in the particular area where the property was located, the prices have declined to the point where it was reasonable for an investor to become active again.

But we still have lots of difficulties in the Real Estate market on a national level.  Today I would like to talk about the myth of "Short Sales" as a way to help homeowners save their homes from foreclosure, and as a means for buyers to make a lot of money.  In fact, short sales are actually hurting the Real Estate market by artificially increasing the inventory numbers with excess homes that aren't selling.  But before I address all that, I want to briefly touch on the Fannie Mae (FNM)/Freddie Mac (FRE) problem. 

Merger Watch: Sirius and XM

The M & A Researcher submits:

As widely reported and analyzed since yesterday (7/17), Commissioner Adelstein has issued a proposal to approve the companies' license transfer application contingent of significant concessions involving a six-year price cap on subscriptions, 25% channel capacity divestiture, direct enforcement and interoperable devices carrying traditional AM-FM reception.

Not surprisingly, the conditions proposed by Mr. Adelstein are far beyond what the companies have offered or expressed interest in accepting in order to obtain the FCC consent. This is essentially what this publication has anticipated over the last few weeks with respect to the Commission and the companies working towards a final disposition in this case. Mr. Adelstein's proposal is perceived as both intentionally stringent and subject to revision via negotiation. In other words, this very likely represents the extreme level of conditions from which the companies must now work to negotiate down to an acceptable level.

BancorpSouth, Inc. Q2 2008 Earnings Call Transcript

BancorpSouth, Inc.

Q2 2008 Earnings Call

Overstock.com, Inc. Q2 2008 Earnings Call Transcript

Overstock.com, Inc. (OSTK)

Can Apple Save Tech? (Earnings Come Monday)

Eric Savitz (Barron's) submits:

Thanks largely to Thursday’s disappointing earnings reports from Microsoft (MSFT) and Google (GOOG), sentiment on tech stocks was terrible on Friday, driving down share prices across the board. One notable victim was Apple (AAPL), which fell $6.66 (Satanic!), or 3.9%, to $165.15. Apple, as it happens, provides the next big milestone for tech investors after the close on Monday, when it reports earnings for its fiscal third quarter ended June. The Street is looking for revenue of $7.36 billion and profits of $1.08 a share. The company’s guidance was for $7.2 billion and $1 a share.

Gene Munster, analyst with Piper Jaffray, wrote in a note earlier today that the key to the quarter will be Mac sales: he sees 2.35 million units, which he says is ahead of the Street consensus of 2.2 million. He expects 10.5 million iPods for the quarter, versus the Street at 10.3 million. He puts iPhone units for the quarter at 730,000. If the company hits those numbers and turns in a gross margin of 33%, he says, Apple would post $7.67 billion in revenue and profits of $1.13, well above both the guidance and the Street.

Mark Moskowitz, an analyst with J.P. Morgan, upped his EPS estimate for the quarter late yesterday to $1.08, from $1.03, bringing him in line with the consensus. He upped his FY 2008 estimate to $5.19 from $5.08; for 2009 he goes to $6.06 from $5.90.

A strong quarter for the Mac could both shift the market’s single-minded focus on the iPhone back to the larger picture for the company, and perhaps improve sentiment on the sector more broadly.

Massive Freddie Dilution, Coming Right Up

Michael Shedlock submits:

Financials have been flying for three days on short squeeze (see Short Squeeze In Financials Continues). However, capital raising efforts are going to eat into that.

Please consider Freddie Clears SEC Hurdle Towards Major Stock Sale.

Bond Expert: Friday Wrap

John Jansen submits:

Prices of Treasury coupon securities plummeted significantly as the safe haven bid for Treasury securities proved fleeting and the cycle of mortgage sales induced more selling. Minneapolis Federal Reserve Bank President Stern poured gasoline on the raging fire when he suggested that the Fed would be forced to raise rates before the crisis ends.The yield on the 2 year note climbed 17 basis points to 2.67percent. The yield on the 5 year note a jumped 16 basis points and it trades at 3.43 percent. The 10 year note yield climbed 11 basis points to 4.10 percent and the yield on the Long Bond moved 6 basis points higher to 4.66 percent.

The 2year/10 year spread narrowed six basis points to 143 basis points.

Is Online Search Microsoft's Vietnam War?

Larry Dignan (ZDNet) submits:

Is Microsoft (MSFT) fighting an unwinnable war with its online business and search obsession?

It’s a valid question and one that needs to be asked. At some point you have to wonder if Microsoft’s Google (GOOG) envy is its Vietnam. As Mary Jo Foley noted Microsoft’s answer to its online woes is to spend, spend, spend. You have to wonder at the returns. Some analysts have dismissed these online investment worries because the Microsoft’s broader business is doing fine. But if these online results become a drag just when Microsoft should be at its peak product and earnings cycle it’s an issue.

Insteel Industries, Inc. F3Q08 (Qtr End 06/28/08) Earnings Call Transcript

Insteel Industries, Inc. (IIIN)

F3Q08 Earnings Call

Flagstar Bancorp, Inc. Q2 2008 Earnings Call Transcript

Flagstar Bancorp, Inc. (FBC)

Q2 2008 Earnings Call

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