Word: stockely
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...reason for all of this fighting is that there is a disagreement concerning the fundamental values of the U.S. money center banks. It has become a sign of sophistication for an institutional stock picker to say that a company's stock value is zero. Recently, there have been research notes that say that GM (GM) is worth zero, and that Citi is. Saying something is worth zero is too easy. Most analysts have to give a range of prices and reasons for their upper and lower targets for share value forecasts. Saying something is worth zero is cheating. It takes...
...Citigroup trades at $2.72 now. All the harsh talk from bank analysts pushed the stock down by less than 5% yesterday. That means a lot of investors gave the alarmists little credence. Maybe they want to see Citi's first quarter earnings before they decide what the bank is worth. Since the stock is down from over $55 less than two years ago, no one is assuming that the bank is going to earn billions of dollars for the quarter. The question is probably how few billion it will lose...
...experts make about why Citi is not valued correctly is that, first, no one has access to its books, and second, the bank has so many levels of debt and equity that no one can unravel what the convertible preferred and senior notes are worth, let alone the common stock. That point of view leaves out the most obvious aspect of valuing Citi's stock which is that it is followed by thousands of experts. Cit trades over 400 million shares a day. With that much volume and that many experts, the market for evaluating the bank's stock...
After a four-week rally, stocks moved lower on Monday and Tuesday. Does this spell the end of the uptrend or just healthy consolidation? To find out, TIME contributing editor John Curran spoke with Mary Ann Bartels, stock market technical analyst at Bank of America/Merrill Lynch...
Sometimes change blows into fashion at unexpected moments. Back in September, just as the stock market began to plunge, fashion designers, journalists and buyers were taking in the fall 2009 runway shows in Paris and trying to rationalize what they were seeing. Even at its most frivolous, fashion always reflects the moment, so how would designers interpret the collapsing Dow and skyrocketing unemployment? Clarity came for me at Junya Watanabe's poetic show, a tribute to African style expressed in hand-blocked prints paired with recycled-denim skirts. As the first model appeared, a hush of recognition settled over...