Archive for the finance Category

IGLD, IGLD …
Shares of company Internet Gold-Golden Lines (IGLD) grown in the past 9 days at 42%. An excellent result? Yes, but the company’s shares still have potential. In my view, the target of IGLD - $ 14.

Industry Name Percent Change (1 year)
DJ US Mortgage Finance Index -60.60%
DJ US Mobile Telecommunications Ind… -53.27%
DJ US Specialty Finance Index -48.70%
DJ US Airlines Index -47.79%
DJ US Home Construction Index -39.53%
DJ US Automobiles Index -35.11%
DJ US Business Training & Employment Agencies -33.83%
DJ US Full Line Insurance Index -33.77%
DJ US Banks Index -33.28%
DJ US Investment Services Index -32.68%

What’s interesting?
DJ US Mortgage Finance Index - *** (very large drop)
DJ US Mobile Telecommunications - **** (very large drop)
DJ US Specialty Finance Index - **** (very large drop)
DJ US Airlines Index - *** (oil-oil-oil - pressing)
DJ US Home Construction Index - ** (oh, real estate’s crisis hasn’t yet passed)
DJ US Automobiles Index - *** (Ford and GM are not in the best condition)
DJ US Business Training & Employment Agencies - ***
DJ US Full Line Insurance Index - ***
DJ US Banks Index - *** (cash flow and loans aren’t in the best condition for many banks)
DJ US Investment Services Index - ** (few would invest now)

Summary:
buy
DJ US Mobile Telecommunications
DJ US Specialty Finance Index
sell
DJ US Home Construction Index
DJ US Investment Services Index

Bad news or very bad news?

U.S. home prices fell 10.7 percent in January, and the S&P Case-Shiller Home Price Index of 20 cities saw the steepest decline in the index’s two-decade history.

Worst-hit were Las Vegas and Miami, both reporting 19.3 % drops, as the regions are still paying the price for rampant speculation and overbuilding during the boom years. Those cities and 14 others, including Phoenix, San Diego, and Detroit, posted record lows.

The trade group said sales rose 2.9 percent last month to a seasonally adjusted annual rate of 5.03 million units — the biggest increase in a year. But the median existing sales price in February fell to $195,900, the largest year-over-year drop on records that go back to 1999.

To be or not to be?

or

To buy or not to buy?

Bear Stearns was founded in 1923 and is headquartered in New York. 85 years.

Friday (14 march) closing price of $30 and its year-ago level of $150. On Sunday J.P. Morgan Chase & Co. said it would buy Bear for $ 236 million ($ 2 for share).

On Monday shares of Bear Stearns collapsed 84% to $4.81. Indeed, Joseph Lewis, one of Bear Stearns’ largest shareholders, told CNBC on Monday that J.P. Morgan’s offer was “derisory.” The currency-trading billionaire owns almost 10% of the brokerage firm, having built a stake since September when the shares were trading at more than $100.

Today shares of Bear Stearns up to $ 5.91