Alcoa Beats Estimates But We Don’t Like the Stock
July 10, 2012
Aluminum giant Alcoa reported better than expected results. We think shares are fairly valued.
Facebook May Start a Job Board To Compete With LinkedIn
July 10, 2012
Rumors continue to swirl that social media giant Facebook (FB) is in the process of creating a job board with its third party platforms to compete with LinkedIn (LNKD) and Monster Worldwide (). We understand why Facebook would want to compete with LinkedIn, especially after a Forbes article reported that LinkedIn earns $1.30 in revenue per hour of usage versus a measly $0.062 for Facebook. However, we’re unsure whether Facebook will be able to compete in the business networking space. Since its inception, Facebook has successfully captured a significant amount of its users’ free-time by providing a (mostly) unfiltered social experience. On Facebook, there’s a bit of a separation between one’s work life and one’s personal life. On the other
Ashford University is Denied Accreditation; We’d Continue to Stay Away From Bridgepoint
July 9, 2012
For-profit education provider Bridgepoint saw one of its schools, Ashford University, denied accreditation. We’d continue to steer clear of Bridgepoint and other for-profit education firms.
WellPoint Bets on Medicare and Medicaid
July 9, 2012
Health benefits company WellPoint will acquire managed care provider Amerigroup, as the company positions itself to take advantage of Medicare and Medicaid expansion.
Thompson Reuters’ Acquisition of FX Alliance Points to Growing Interest in Alternative Investments
July 9, 2012
Investment data provider Thompson Reuters acquired FX Alliance as currencies and precious metals become more popular with institutional investors.
Best Buy Slashes 2,400 Jobs
July 9, 2012
Big box electronics retailer Best Buy announced that it will lay off 2,400 employees. We still aren’t excited about the company.
Informatica Lowers Guidance Again
July 9, 2012
Data software solutions provider Informatica lowered its second-quarter guidance for the second time this year. Shares continue to fall.
Seagate Warns About Revenue and Earnings
July 9, 2012
Hard-drive storage manufacturer Seagate Technology will not meet its own expectations. The industry continues to recover from the flooding in Thailand.
Can Navistar Make a Comeback?
July 7, 2012
Truck maker Navistar announced that it is ditching its diesel engine that failed to receive US regulatory approval in favor of a new one. The shares have fallen below the low end of our fair value range, but we’re not ready to pull the trigger anytime soon.
AutoNation and Volkswagen Report Good News
July 6, 2012
Car dealer AutoNation reported fantastic results for June and its second quarter. German auto manufacturer Volkswagen will finally acquire the rest of Porsche.
