Dancing With the Bear

Ockham Research Staff @ June 30, 2008 # No Comment Yet


Since hitting an all time high of 14279.96 on October 11th of last year, the Dow Jones Industrial Average (DJIA) will close the second quarter of 2008 officially having entered bear market territory-enduring a 20% decline. The broader market index-the Standard & Poors 500-is off 18.4% from its high on that date, while the Nasdaq […]

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Average Durations of Previous Bear Markets
The Dow Gets Mauled
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At the Buzzer, RIMM Gets Rejected

Ockham Research Staff @ June 26, 2008 # No Comment Yet


Research in Motion report fiscal first quarter results that showed strong growth over a year ago, but the company did not live up to Wall Street’s estimates and the stock is trading down more than 12% today.

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Is RIMM Tech’s Last Breadth?
RIMM Earnings Miss, Market Futures Tank
Apple and Rim Fall in After Hours, Futures Show Lower Open
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The Fed’s Balancing Act

Ockham Research Staff @ June 25, 2008 # No Comment Yet


The FOMC announced today that they will hold rates where they are for the time being. There is a delicate balance between weak growth and inflationary pressures, and at this point Bernanke and Co. are handling it well.

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Next FOMC Statement Could Sound Like This
Financial Willies
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Out of the Dark Room – Kodak Looks to Fully Develop

Ockham Research Staff @ June 24, 2008 # No Comment Yet


After about a decade of awful stock performance, Eastman Kodak is looking to revitalize their digital business. If they can pull it off there is substantial upside to EK at these price levels.

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Global Investing Roundups
Eastman Kodak Turns a Corner
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EBay Vying for Holiday Sales

Ockham Research Staff @ June 20, 2008 # No Comment Yet


EBay is making progress in protecting its customers from fraudulant activities, which should cause an increase in activity. Even if the transaction activity stays level, we believe that the valuation of EBay is still very compelling.

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Peter Thiel / Clarium Capital
eBay Is A Bargain At These Prices
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Boeing May Get a Second Shot to Win Large Tanker Contract

Ockham Research Staff @ June 19, 2008 # No Comment Yet


On March 27th I wrote that although Boeing (BA) had lost its bid to provide the Air Force with a fleet of in-flight refueling tankers, the company still has a lot of upside. Well, Boeing protested the $35 billion contract that was awarded to Northrop Grumman Corp. (NOC) and EADS, so both sides sent lobbyists […]

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Consumers Steering Clear of CarMax

Ockham Research Staff @ June 18, 2008 # No Comment Yet


CarMax Inc. (KMX) stumbled through its fiscal first quarter amid a very challenging consumer spending environment. The company reported a 55% drop in profit, but of even greater concern, the company has suspended earnings and same-store sales guidance for the rest of the fiscal year as fundamentals continue to deteriorate. In April, the company issued […]

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It’s Hard Out There For Consumer Discretionary Companies
Global Investing Roundups
Bumpy Road for CarMax
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Long Awaited Shake-Up at AIG

Ockham Research Staff @ June 16, 2008 # No Comment Yet


American International Group (AIG) has reported two consecutive quarters of record losses from the subprime mortgage market as well as credit default swaps. As the firm has declared more than $18 billion in losses in the last six months, the stock has plummeted more than 54% in the last year. There are quite a few […]

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AIG Looking to Divest Division
Are the Losses at AIG Accelerating?
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When Will Fifth Third Turn Around?

Ockham Research Staff @ June 13, 2008 # No Comment Yet


Fifth Third Bancorp (FITB)—like  many other regional banks—has struggled through the current market environment and the stock is down more than 70% in the last year. The Ohio super regional bank has been hamstrung by bad real estate bets in the particularly depressed markets of Michigan and Florida.  The credit crunch is also making the […]

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What’s happening at Fifth Third?
Things Are Looking Better (Week 6)
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InBev Willing to Make Concessions to Nab Anheuser Busch

Ockham Research Staff @ June 12, 2008 # No Comment Yet


As noted in our post of May 23, 2008, there have been rumors floating around about Anheuser Busch being acquired by InBev. After the market closed yesterday, that rumor became fact as the $46.3 billion offer went public. A combination of the two brewing giants would create the world’s largest brewer. Together InBev and Anheuser […]

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InBev Makes $65/share Offer for Bud
Curious about the InBev BUD Rumor
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