The S&P 500’s price-to-peak earnings multiple entered the new decade at 12.5x as of the close of trading on December 31, 2009. At first glance, 12.5x seems a relatively benign peak earnings multiple as we...
Read MoreIs the stock market recovery overheated or just beginning? Which direction is the dollar headed and will the carry-trade unravel? What about all those toxic assets still lurking on the balance sheets of financial...
Read MoreTrucking services firm YRC Worldwide (YRCW) was able to complete the necessary debt for equity swap with its bondholders in a deal that came down to the wire after six extensions were required. The deal will convert debt...
Read MoreThe price-to-peak earnings multiple has increased to 12.6x after a cheerful holiday shortened trading week with generally encouraging macroeconomic data. It is not unusual for the stock market to advance in the week that...
Read MoreGenworth Financial (GNW), a provider of many types of insurance and other financial instruments, was among the most volatile stocks in the entire market during 2009. The company was on the ropes when the market was...
Read More“Finally, the big surprise to me this day is what happened with I don’t know if you saw, the British authorities dropped their objections to the proposed Live Nation and Ticketmaster.” – CNBC’s The...
Read MoreTake-Two Interactive (TTWO) stock has had a very tumultuous run of late. Just over two weeks ago, they reported a worse than expected fiscal fourth quarter where both sales and earnings missed analysts’ targets (Bad...
Read MoreThe market is cheering the latest news out of private label food maker TreeHouse Foods (THS) as they announced the acquisition of Sturm Foods. The deal is valued at about $660 million gives TreeHouse strong representation...
Read MoreThe price-to-peak earnings multiple held steady at 12.4x in the last week, and has been relatively unchanged for about six weeks. At this level it is hard to argue that stocks are overvalued based on peak earnings;...
Read More“Ryanair says it stopped discussions to buy as many as 200 Boeing aircraft. The two sides did apparently agree on price but Boeing would not incorporate other terms…” — CNBC’s Squawk on the Street...
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