Word: stockely
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...stock price dropped below $10 this week to its lowest level in 54 years, down significantly from $43 last fall after the automaker had signed a new four-year labor contract with the United Auto Workers that included significant concessions. JPMorgan said the company has to raise $10 billion in fresh capital in the next several months. Merrill Lynch was even less optimistic. "We believe there is potential downside in the stock below $7 and that bankruptcy is not impossible if the market continues to deteriorate and significant incremental capital is not raised," Merrill Lynch analyst John Murphy wrote...
...Starbucks's stock, which has fallen more than 50% in the past two years, rallied in early-morning trading. Investors liked the announcement, which replaced an earlier, less-aggressive plan to shutter just 100 shops. "The first step is admitting you have a problem," John Glass, an analyst at Morgan Stanley, wrote in a research note. He estimated that closing the 600 stores could boost U.S. operating margins by at least 1 percentage point...
While the returns fall short of last year's exceptional 23 percent performance for the full 12-month period, they are comparatively strong given that they come amid a bear market that has seen the S&P 500 index, a standard baseline for stock-market performance, lose eight percent during the same July to April period...
...this story, approximate endowment returns were calculated from data on the monthly values of "endowment units" that Harvard entities can purchase just as investors buy shares of a company's stock. Changes in unit value for the past decade have tracked changes for Harvard's total endowment over the same periods, but lag overall growth by approximately two percent each year...
...worth every dime. Buffett is the most successful investor in history, yet he has reached that pinnacle while also being supremely ethical. As remarkable for his philanthropy as for his stock-picking, he's giving the bulk of his billions to the Bill & Melinda Gates Foundation; likewise, the fee for our lunch would go to the Glide Foundation, which helps the poor and homeless. Lunch with Buffett, we figured, would be a good way to give to charity, but it would also be the ultimate capitalist master class - a chance to see up close what makes the Sage of Omaha...