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Friday August 14, 2009

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Friday August 14, 2009

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Schering-Plough Corp (NYSE: SGP) said on Friday that U.S. regulators had approved its Saphris antipsychotic drug, adding a potential blockbuster product as the company is soon to be bought by Merck & Co (NYSE: MRK)

Boeing Co. (NYSE: BA) has stopped production at a 787 Dreamliner facility in Italy that was making parts of the plane’s fuselage. The Chicago-based manufacturer ordered its subcontractor, Alenia Aeronautic in Naples, to stop work two months ago after structural flaws were discovered at where the wing and the fuselage meet,

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Almost half of all American adults no longer believe that home ownership is a realistic way to build wealth. That’s according to Gail Cunningham of the National Foundation for Credit Counseling.

Given that home ownership is a cornerstone in almost every wealth-building plan, this is astonishing.

Even if the days of selling a house for an enormous profit are over, building equity in a home beats the pants off paying rent.

Of course, ownership is not always better than renting, but in most cases, it still is. And even if home prices are flat, building a little bit of equity makes it worth the cost of ownership, especially when you add in the tax breaks associated with owning a home.

Trouble is, some of the statistics are frightening:

One-third of those surveyed don’t believe they’ll ever be able to afford a home. Forty-two percent of those who once purchased a home, but ...

Home Ownership: How to “Buy on Fear” in Real Estate

by Marc Lichtenfeld, Advisory Panelist

Almost half of all American adults no longer believe that home ownership is a realistic way to build wealth. That’s according to Gail Cunningham of the National Foundation for Credit Counseling.

Given that home ownership is a cornerstone in almost every wealth-building plan, this is astonishing.

Even if the days of selling a house for an enormous profit are over, building equity in a home beats the pants off paying rent.

Of course, ownership is not always better than renting, but in most cases, it still is. And even if home prices are flat, building a little bit of equity makes it worth the cost of ownership, especially when you add in the tax breaks associated with owning a home.

Trouble is, some of the statistics

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Almost half of all American adults no longer believe that home ownership is a realistic way to build wealth. That’s according to Gail Cunningham of the National Foundation for Credit Counseling, quoted in Barron’s this week.

Given that home ownership is a cornerstone in almost every wealth-building plan, this is astonishing. Even if the days of selling a house for an enormous profit are over, building equity in a home beats the pants off paying rent.

Of course, home ownership is not always better than renting, but in most cases, it still is. And even if home prices are flat, building a little bit of equity makes it worth the cost of ownership, especially when you add in the tax breaks associated with owning a home.

Home Ownership Statistics Are Disconcerting

Trouble is, some of the statistics about home ownership are frightening:

One-third of those surveyed don’t believe they’ll ...

As I ponder the twin taxpayer shakedowns of the “stimulus” bill and “Son of TARP,” a couple of impertinent questions cross my mind.

First, has anyone else noticed that the two places the president has visited to pimp the stimulus are poster children not only for economic hardship, but for malinvestment?

Today the president visits Lee County, Florida — home to a stunning overbuild of single-family homes.  Southwest Florida might well be the epicenter of this bubble, and Lee County might have it worst in that region.  Lee County was where people built and bought when they couldn’t afford to build or buy in Collier County next door.  Can’t afford Naples?  There’s always Fort Myers.  Easy financing available.

The unspoken assumption behind the president’s visit — and much of the thinking of his advisers — is that a “floor” must be put under housing prices.  That is, the only way to make the

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Well it's pretty clear to me at least that there is now one, and only one, major and outsanding topic towering head and shoulders above all those other pressing and important problems those of us following the EU economies currently find lying in our macro-policy in-trays: the issue of wage cuts. Not since the 1930s has the possibility of such a generalised reduction in wages and living standards loomed out there before policymakers, and doubly so if we now hit - as I fear we may well for reasons to be explained at the end of this post - systematic price deflation in a number of core European economies. br /br /The issue that has suddenly and even violently erupted onto the European macro horizon over the last week (as if we didn't already have sufficient problems to be getting on with) is, quite simply, how, if they either ...

Kona Grill, Inc. (NASD: KONA), an American grill and sushi bar, recently announced its financial results for the third quarter ended September 30, 2008. Restaurant sales from continuing operations increased 4.3 percent to $19.5 million from $18.7 million during the corresponding quarter in 2007. The increase in restaurant sales during the third quarter reflects additional revenue from three stores opened since November 2007.

The company expects fourth quarter sales to range between $19.3 million to $19.8 million with a net loss from continuing operations of $1.2 million to $1.5 million, or a net loss of $0.18 to $0.23 per diluted share. For fiscal year 2008, the management has revised its guidance to reflect the closure of the Naples, FL restaurant. The company is now forecasting sales of $76.5 million to $77.0 million and a loss from continuing operations of $2.8 million to $3.1 million, or a net loss of $0.43 to

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The markets are truly scary right now. Global credit has all but frozen. Stocks around the world are tumbling. And to make matters worse, governments and central banks are trying to 'fix' the problem with massive interventions.

But for investors with "a clear head and a keen eye for opportunity" boldness can pay big dividends.

Taipan Daily editor Justice Litle says there are five proven strategies for building wealth... regardless of whether the bulls or the bears are in charge. 

I can’t find many insider buys much more than $500,000 reccently, but BIG Insider selling continues for CEOs and Directors…again while the nation is under seige economically and the average joe gets nothing, these guys are selling millions for their rainy days.  Staples is a good one… the CEO pockets $25 million and the company’s performance is crappy.

Track CEO sales at:

http://trackthepros.com/stocks/category/661

SELLERS:

COMPANY NAME INSIDERS NAME TITLE $ VALUE NO. OF SHARES IN TRANS. RANGE OF VALUES TRANSACTIONS DATES Staples R. Sargent CEO $25,471,500 1,000,000 25.47 Sept. 19, 2008 Lululemon Athletica D. Wilson CB 6,002,016 237,800 24.40-26.13 Sept. 19, 2008 Amazon Com H. Valentine...

With this announcement, the US has stepped into a realm formerly reserved for such lofty icons of global financial dominance as the Wiemar Republic, Argentina, and Zimbabwe.

We are now officially directly monetizing debt, and creating money out of thin air.

God forgive us for what we are about to do to our children.

September 17, 2008 HP-1144

Treasury Announces Supplementary Financing Program

Washington- The Federal Reserve has announced a series of lending and liquidity initiatives during the past several quarters intended to address heightened liquidity pressures in the financial market, including enhancing its liquidity facilities this week.  To manage the balance sheet impact of these efforts, the Federal Reserve has taken a number of actions, including redeeming and selling securities from the System Open Market Account portfolio.

The Treasury Department announced today the initiation of a temporary Supplementary Financing Program at the request of the

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