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Author: Ned Douthat

Supervalu: An Aptly Named Stock

The grocery store business has been fiercely competitive in the last few years with consumers eating out less during the recession.  Today, Safeway (SWY) announced that it would likely miss current fiscal 2010 earnings...

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Orleans Homebuilders Files for Bankruptcy

Orleans Homebuilders (OHB), who has home and condo building operations in eight states, filed for Chapter 11 on Tuesday after defaulting on a $350 million credit facility in February.  At of the time of filing, the company...

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Pay Czar Lets a Big One Slip with GMAC

The new CEO of thrice-bailed-out lender GMAC pulled down $1.2 million in pay and stock options for the 45 days he worked in 2009.  Bloomberg observed that on an annual basis GMAC’s Michael Carpenter was paid roughly...

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