NY FED: WILL CONCLUDE BSC FINANCE DEAL ON OR ABOUT JUNE 26, WORKING "CAREFULLY, EXPEDITIOUSLY" TO COMPLETE THE DEAL
- Will provide estimate of current valuation of portfolio sometime in June
I’m so freaking happy that they are being careful. I’m sure we’ll get a real good estimate of that portfolio valuation….NOT.
PRICE TARGET RAISED TO $360 FROM $320 AT S&P EQUITY RESEARCH; MAINTAINS BUY RATING (TIMING UNCERTAIN)
I want a job in S&P’s equity research division. Apparently, you don’t need to live in the real world. Sorry, guys, you are out to lunch on this one.
NY FED: ACCEPTS $16.43B IN TOTAL BIDS FOR $25B 28 DAY AUCTION, BID TO COVER RATIO 0.66 V 0.62 PRIOR
- Stop out rate 0.1%
Borrowers couldn’t come up with enough good collateral, in my estimation. The full $25B wasn’t handed out for this reason, I’m betting.
Lehman’s Municipal Bond chief has reportedly resigned. They don’t say why. Maybe he’s tired, like the rest of us. S&P says the US recession has been delayed, but not canceled. (Rain delay?) Glad they are keeping an open mind on that "R" word. (An open mind just allows your brains to fall out, so be decisive).
Dell reports Q1 earnings, margins aren’t very good year over year. I listed their last four quarter revenues for comparison, as well. I’m unimpressed. After hours, so far, it’s trading up. Mark my words, the headlines will read that Dell beat expectations by a mile (or handily, or some other stupid word):
REPORTS Q1 $0.38 V $0.34E, R $16.1B V $15.7BE
- GM’s were 18.4% v 19.3% y/y
- Dell expects to continue to benefit from improving performance in areas like emerging countries, notebooks, enterprise and services, which collectively are driving a more diversified portfolio of geographies and products.
- Against this backdrop, the company recently shared its goal to lower total cost and is targeting $3 billion in annualized savings by fiscal 2011.15,989,000 FEB 08
15,646,000 NOV 07
14,776,000 AUG 07
14,722,000 MAY 07
Some of you have asked for charts, so we’ll get to those tonight. I’m sorry for being a bit snotty today. I’m working on that shortcoming of letting stupidity get to me. I must stop taking it seriously! See you later.
2 Comments
May 29th, 2008 at 4:37 pm
Just stopping by, havent been around much because I have slowly ventured into the forex market. I love the hours, I sleep so much more now…..
May 29th, 2008 at 4:40 pm
So you just came by to brag about all that extra sleep?
I wish you all the best, and don’t be a stranger, Ryan!