I often state that no one plays a better game of 3 Card Monte than Wall Street’s pirates in neckties. These guys have truly mastered the art of distraction (with the exception of the Great Houdini). To emphasize my point, consider the following video as a metaphor for what occurs in the stock market. The narrator ...

More talk about a U.S. government bailout for Fannie Mae (FNM) and Freddie Mac (FRE) today spells doom for shareholders of the government-sponsored enterprises (GSEs).? Fannie shares are down 6.6% near mid-day trading, while Freddie is down nearly 15%.? Then again, who besides day-traders are getting within a ten-foot pole of either holding these days? Perhaps this lends perspective to the fact that speculative Lehman buyout news today has generated bullishness in today's market, whereas the FNM and FRE gloominess hasn't put the same pressure on stocks downward.? Both stocks are at Zacks Rank #4 (Sell). Fannie Mae's last two quarters had posted earnings surprises of -229% (June) and -414% (March).? Freddie Mac recently had 5 analysts[More...]

Here is a small-capital corporation from Alameda, California that appears set to turn recent losses into durable surpluses. It has fast-tracked its journey along the business organization learning curve. The early-August 2008 stock price has doubled over the 52-week low of $2.23. Sales growth during the Most Recent Quarter has clocked 22.13. The stock is [...]

UTStarcom ( NASDAQ: UTSI) is a worldwide leader in the IP-based and telecommunications industry. The company manufactures, strategically integrates, and supports IP-based networking and telecommunications solutions for telecommunications markets around the world. Their customers include the largest and most respected service providers in emerging and established markets. UTStarcom focuses their efforts on three core markets: [...]

Telecommunications equipment maker UTStarcom Inc. [UTSI] said Tuesday it is selling its personal communications division to AIG Vantage Capital, a unit of American International Group Inc., for about $240 million....