Gamestop Inc Will Die, They Say, But Publisher Actions Speak Louder T... -10/29/09 at 12:54 PM CDTby Perry Rod

Gamestop’s closest U.S. comparable is Best Buy (BBY).  Analysts for Best Buy Inc. are predicting an 8% year over year EPS growth rate.  Based on current trading prices, BBY trades at a P/E ratio of around 13. Meanwhile, analysts project a 14% year over year EPS increase at Gamestop Inc (NYSE:GME).  With higher analyst growth expectati...

Citigroup When-Issued Share Discount Narrows -07/27/09 at 11:09 AM CDTby Peter York

The discount on when-issued shares of Citigroup Inc. decreased today from 5% to around 1.5%.  Citigroup buyers planning to hold until Friday can buy discounted "when issued" (formerly preferred exchange) shares on the open market rather than the common shares.  They will likely convert to common shares by Friday.  As of 12 p.m. eastern, vol...

Citigroup Shares Rise After Share Collapse in Japan -07/13/09 at 9:45 AM CDTby Peter York

Citigroup Inc. (C) shares in Tokyo had fallen over 6% last night, with the Nikkei index down 2.55%.  It looks like Japanese Citigroup traders may have overreacted. This morning, despite an analyst earnings warning, Citigroup shares are up around 3%, suggesting that Tokyo's light trading of Citigroup had little impact on United States trading.  C...

Sirius XM Radio Inc iPhone Application Does Not Include Howard Stern ... -06/17/09 at 11:46 PM CDTby Peter York

The first downloaders of SIRIUS XM Radio for the iPhone are reporting that the application does not include certain popular channels including Howard Stern's Sirius channel.  Sirius (NASDAQ:SIRI) posted an explanation on their website: "SIRIUS & XM offer all of the channels for which we have mobile performance rights. For that reason, certain cha...

Same Old Gamestop Fears Pressure Stock -06/02/09 at 12:38 AM CDTby Mahyar Hashemi

Every year it's the same old fears with Gamestop.  The company is running out of time, they say, facing a new world of downloading and new competition.  They are the next Blockbuster, they say. They said it last year, they said it the year before, and the year before that and so on.  This latest round of fears is likely why while many other...

Prediction: Google To Become the Most Profitable Company in the World -04/10/09 at 12:40 PM CDTby Ted Arrington-flowers

As a former stock broker, 20-year stock trader and serial entrepreneur my life experiences have given me a unique perspective to back the prediction made in this report that Google will become the largest and most profitable company in the world within 20 years. From investing experiences I learned as all savvy investors know by now that innovation that d...

With Citigroup and Bank of America Leading The Way, The S&P 500 Is Ha... -02/23/09 at 6:45 PM CSTby Mahyar Hashemi

Things are getting ugly in an unprecedented way.  Last month, The New York Times reported that the S&P 500 was having its worst decade yet as of the end of January 2009, with a 5.1% ten year drop after accounting for inflation and reinvested dividends.  That beat the previous record of 1974 when the S&P 500 dropped 4.7% in a ten year per...

The United States Oil Fund: A Way to Short The Market? -02/19/09 at 6:34 PM CSTby Reggie Abaca

With fewer people working in the United States, fewer people have been driving.  It had been assumed that this would cause a new trend of falling consumption of oil, as was the case in the early 1980's.  But hold on there.  Oil prices shot up on Thursday after government data showed that oil inventories unexpectedly fell and consumption may...

Nintendo Stock Falling In Japan Despite Record Breaking Sales -01/21/09 at 2:24 AM CSTby Perry Rod

While video game sales break new records all across the world, video game stocks have seen better days. American publishers Activision (ATVI), Electronic Arts (ERTS), Take Two (TTWO) and THQ (THQI) have all seen their stocks dramatically fall over the year.  The latter has had the worst hit, sinking 86% in a year while others have been cut by over ...

Carmakers Likely To Get What They Want -12/04/08 at 1:24 PM CSTby Reggie Abaca

The question is not will they get the cash.  The question has become: how much will they get? After all the whining and attacking of executives for flying into Capital Hill on corporate jets, those same executives are driving into Washington in fuel efficient cars to ask for more money than was originally proposed.  Perhaps they learned from the...

Carl Icahn Buys More Yahoo -11/28/08 at 2:18 PM CSTby Mahyar Hashemi

Carl Icahn has had a difficult time in this market. Most reports suggest he has dropped well over 50% of his total value this year. His stake in Yahoo (YHOO) has been another recent loser, despite Icahn's success of taking a minority position on Yahoo's board of directors. Today it was reported that Icahn bought more shares of Yahoo and upped his stake in...