AmeriCredit (ACF) This morning, government-majority owned, General Motors announced an agreement to purchase subprime lender AmeriCredit Corporation (ACF: Charts, News, Offers) for approximately $24.50 per share. The all-cash transaction is worth $3.5 billion and the news sent AmeriCredit shares sharply up in early morning trading. To put the buyout offer in perspective, over the past
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Articles by Joshua Caucutt
Joshua Caucutt is long-time market follower and finance writer. Debt management, entrepreneurship and government economic policy are areas of emphasis. He regularly contributes to the Stock of the Day analysis.
GM takes over AmeriCredit Corporation (ACF)
July 22nd, 2010Apache Corporation is Still Buying (APA)
July 21st, 2010Apache (APA) With the oil well in the Gulf close to being capped, British Petroleum (BP: Charts, News, Offers) is turning its attention to trying to figure out a way to dig itself out of this mess. Top priority is cash flow and BP hopes to sell off close to $10 billion in assets in
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Harley-Davidson Looking for Ways to Expand Consumer Base (HOG)
July 20th, 2010Harley- Davidson Inc. (HOG) Milwaukee, Wisconsin-based motorcycle manufacturer, Harley- Davidson Inc. (HOG: Charts, News, Offers) posted second quarter net income of $71.2 million which translates to 30 cents a share. Technically, $.30 EPS is a miss since analysts were projecting and EPS of 42 cents a share, but it is a huge number when compared
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Is the iPHone4 a Worm in the Apple? (AAPL)
July 15th, 2010Apple (AAPL) In 2007, Apple, Inc. (AAPL: Charts, News, Offers) released the iPhone to much fanfare. The hoopla was warranted as the iPhone became the most successful product in Apple history. However, the next generation of Apple mobile handsets, the iPhone4 has been beset by problems from day one. A prototype of the phone was
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Intel Kick Starts the Market (INTC)
July 14th, 2010Intel (INTC) Yesterday, Intel Corporation (INTC: Charts, News, Offers) reported the strongest earnings quarter in the company’s 42-year history. A 34% revenue jump resulted in a 2Q profit of close to $3 billion on total revenue of $10.8 billion. An earnings-per-share number of $.51 beat analyst predictions of $.43. Intel posted a $.07 per share
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Is Playboy’s Founder Grasping at Straws? (PLA)
July 13th, 2010Playboy Enterprises Incorporated (PLA) Shares of Playboy Enterprises Incorporated (PLA: Charts, News, Offers) jumped over forty percent to $5.55 yesterday on news that the iconic founder of the magazine had made a bid to take the company private. Hugh Hefner offered $5.50 cash for every share that he does not already own. The proposed deal
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Politics Will Affect Google’s Revenue (GOOG)
July 2nd, 2010Google (GOOG) Politics Will Affect Google’s Revenue Is Google (GOOG: Charts, News, Offers) its own country? Probably not in any literal sense of the word, but the internet search company is finding itself increasingly tied up in negotiations with heads of state and legislative bodies all over the world. Daily Chart If you are not
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Does Tesla Have Clothes? (TSLA)
July 1st, 2010Tesla (TSLA) It has been fifty-four years since the last time that an auto manufacturer went public with a stock sale and this week, Tesla Motors Inc. (TSLA: Charts, News, Offers) broke that dry spell. The Tesla stock was initially offered at $17 a share, but quickly zoomed up over 40% to $23.83 in the
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Medco Proactive in Changing Marketplace (MHS)
June 22nd, 2010Medco Health Solutions (MHS) The healthcare landscape is changing rapidly and Medco Health Solutions Inc. (MHS: Charts, News, Offers) is keeping pace right along with it. Yesterday, Medco announced a joint venture with another one of the largest pharmaceutical healthcare companies in the world, Celesio AG. Daily Chart If you are not able to see
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Best Buy Looking for Areas to Grow (BBY)
June 21st, 2010Best Buy (BBY) Shares of Best Buy Company Incorporated (BBY: Charts, News, Offers) took a six percent dip last week after reporting a net profit of $155 million or 36 cents a share for the three months ending in May. The per-share profit was identical to the amount posted a year ago during the same
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