Local.com Appears Undervalued -07/27/10 at 7:40 AM CDTby Peter York

A quick comparison to search giant Yahoo! Inc. [NASDAQ:YHOO] and smaller advertising company ValueClick Inc. [NASDAQ:VCLK] suggests the tiny internet search and advertising company Local.com Corp. [NASDAQ:LOCM] is undervalued. Yahoo! has as of late failed to impress investors and yet the stock price minus cash and investments – $8.37 - divided by ea...

SEC OIG Investigating SEC Complicity in Naked Short Selling of Dendre... -12/01/09 at 6:35 PM CSTby Mark Mitchell

The Office of the Inspector General of the Securities and Exchange Commission not long ago submitted a semi-annual report to Congress. There are two items in the report of interest to those of us who have argued that the SEC has turned a blind eye towards, or even assisted, unscrupulous hedge funds that make their fortunes destroying public companies for ...

Goldman Pillages, Goldman Steals, Goldman Sachs -08/19/09 at 11:07 AM CDTby Judd Bagley

Consider below a simple timeline from one of the strangest periods our financial markets had ever experienced. As you read it, keep in mind that following the demise of Bear Stearns, the strictest interpretation of the so-called investment bank “Bulge Bracket” included just four entities: Goldman Sachs (GS), Lehman Brothers, Merrill Lynch and ...

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...

Short Selling Implicated in the Greatest Market Cataclysm Since 1929 -11/25/08 at 10:21 PM CSTby Perry Rod

Investigative Reporter Mark Mitchell responded today to a Wall Street Journal article uncovering the fact that short selling played a major role in the current global crisis: Journalists who write about short selling hedge funds fall into three categories. The first category is comprised of a very small number of journalists who have deliberately whitewas...

Banks Eating Each Other Alive -11/24/08 at 1:32 PM CSTby Perry Rod

The Wall Street Journal is reporting that major Wall Street firms placed large bets against Morgan Stanley (MS) using credit-default swaps, two days after Lehman Brothers sought bankruptcy protection. The firms included Merrill Lynch , Citigroup (C) , Deutsche Bank (DB) and UBS, according to the paper. The paper said that a close examination of the ...

Naked Short Sellers Attack Citigroup -11/21/08 at 7:22 PM CSTby Reggie Abaca

America's financial system is a mess and the U.S. Securities and Exchange Commission is to blame. Short sellers, in a concerted effort to defend themselves and abuse the lack of regulation by the SEC, are now targeting Citigroup (C) while our financial journalists, analysts and government regulators continue to do nothing. At Market Rap we've pointed out...

Citigroup Cuts 20% of Workforce -11/17/08 at 10:37 AM CSTby Peter York

50,000 people is a lot of people.  That's 50,000 on top of 20,000 layoffs. Citigroup (C) has cut off approximately 30% of its workforce now amid the economic crisis as cost cutting continues.  The danger of all of it is that this is happening in the crucial holiday period, one week before Thanksgiving.  And it's on top of 5% to 10% cuts byJ...

The SEC Naked Short Selling Cover Up -11/12/08 at 8:15 PM CSTby Perry Rod

Mark Mitchell over at DeepCapture.com is reporting on the SEC cover up involving Gary Aguirre, who in 2006 helped break open the scandal of naked short selling.  Here is his report: There was an article in The New York Times yesterday about the SEC’s disgraceful ruling that it will take no disciplinary action against the SEC cronies at the cen...

Yahoo's Search Yields No Results -11/07/08 at 11:44 AM CSTby Peter York

Yahoo (YHOO)'s CEO Jerry Yang is in trouble.  When Microsoft (MSFT)'s CEO Steve Ballmer ruled out another bid for the search giant, he sent a message to Yahoo's board of directors: your management is incompetent. Yahoo Chief Executive Jerry Yang said at an industry conference that Microsoft's best option was to buy his company and Yahoo is still will...

Another Day Another Rumor -10/28/08 at 2:00 PM CDTby Reggie Abaca

Hedge funds are starting up another rumor now that Morgan Stanley (MS) and two other firms were being "short squeezed" with their investment into Volkswagen. Goldman Sachs, one of the named, declined to comment, but people inside the company said it had no Volkswagen losses. Morgan Stanley spokesman Mark Lake said frankly that company has no exp...