Word: stockings
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...stock market has a brutal way of making even the smartest people look foolish. Just ask Bill Miller, America's most celebrated mutual fund manager, whose Legg Mason Value Trust has beaten the S&P 500 stock index for 14 years running. A brilliant polymath whose intellectual passions range from chaos theory to Wittgenstein, Miller has trounced his rivals by thinking differently. But lately the investor, who is based in Baltimore, Md., has looked a tad less clever. In the past two years, oil and gas stocks surged as the price of oil nearly tripled...
...business is gaining credibility. Smith is encouraged by his site's returning-member visits, whose number is growing more than 30% a month. "One of the beautiful things about this model is it takes a lot of the risk out of fashion," namely losses from returned merchandise and unpopular stock...
...battle with Microsoft with the current products,? says John R. Rymer, a vice president at Forrester Research. ?But I could imagine that they would put engineering investment into open office and try to create something eventually.? The market, so far, has been lukewarm to the deal. Google?s (GOOG) stock initially fell but is now back up $2.02 to $312.73 per share. Sun (SUNW), which originally went up with the news, dropped back down slightly to $4.16 per share...
...idea of how nasty it could get. Icahn bought a stake in the company last year, and after management resisted his calls for change, Icahn publicly derided the CEO for taking an excessive pay package with the company losing money and called his budget "a spending spree." The stock has continued to slide...
...heat on Time Warner has risks. It could alienate shareholders Icahn will need if, as promised, he aims for a seat on the board next year. "I think Parsons has done a very good job," says Henry Berghoef, partner at Harris Associates, which holds $1.3 billion of Time Warner stock. Others see Icahn's criticism of Time Warner as playing Monday-morning quarterback. "It's hard to pick a date and say this is the way things should have gone," says James Goss, media analyst at Barrington Research. "Things were evolving." Then, paying off debt was critical, and something...