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Posted
Apr 18 2008, 01:05 PM
by
Robert Walberg
Rating:
Money Blog: Top Stocks Blog - MSN Money
Hard to believe but there's actually something uglier than Crocs' shoes -- the performance of its stock. This one-time fave of momentum traders has seen its share price plunge by 86% over the last six months alone. The most recent bloodbath came earlier this week when the company guided sales and earnings estimates sharply lower.
For investors the question is simple -- were Crocs merely a fad, or is the company and the brand merely experiencing some very nasty growing pains? How you answer that question will determine if you think the freefall represents an interesting long-term growth opportunity, or if there's simply more room to short the stock on its way to fad junk heap along with Snapple, Krispy Kreme and Zubaz (no they aren't making a comeback!!).
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Posted
Aug 01 2008, 08:00 PM
by
Andrew Horowitz
Rating:
Money Blog: Top Stocks Blog - MSN Money
 There is plenty of fun in store for this week. The markets have not been taking kindly to missed earnings these days, so why not get right down to some of the ideas you should be looking at as potential opportunities to make a few bucks.
Monday, August 4
If you are looking for a complete disaster, consider the fundamental and technical’s for Nam Tai Electronics. Earnings have been slowing considerably over the last several quarters and sporting a P/E ratio of 12 against an annual growth rate of -3% doesn’t provide much incentive to purchase shares. Add to that the fact that volume has been spiking on share declines and it is no wonder that the trend has been negative. Even though the technology sector has been somewhat stable throughout this recent market fiasco, there’s always an exception. Analysts are looking for $.17 per share of profit on $140 million of revenue.
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Posted
Jun 24 2009, 11:26 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Retirees in Germany were so upset with their financial adviser that they ambushed him outside his home and beat him with their walkers, the adviser claims. Then they taped his mouth closed and hauled him into a car.
"It took them quite a while because they ran out of breath," the financial adviser, James Amburn, told the U.K.'s Daily Mail. The kidnappers ranged in age from 60 to 74.
Amburn said they eventually got him to a house, where they chained and tortured him for four days. Two retired doctors also reportedly participated.
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Posted
Jun 29 2009, 09:56 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Bernard Madoff, the financier whose fraudulent schemes ruined lives and destroyed charities, is set to spend the rest of his life in prison. A judge sentenced Madoff to 150 years Monday -- the maximum sentence allowable for his crimes.
Prosecutors had asked for the maximum, while Madoff's attorneys wanted only 12 years. The judge, who described Madoff's scheme as "extraordinarily evil," clearly wanted to send a message while ensuring that the 71-year-old man will never taste freedom again.
Cheers and applause reportedly broke out in the courtroom after the sentence was announced -- a response that shows how badly people wanted Madoff to pay for his actions. Madoff apologized before the sentencing, saying he “will live with this pain, this torment, for the rest of my life.”
So one man who abused the system shuffles off to jail, and will probably be forgotten soon. I wonder if anything has changed as a result of his crimes or his sentence.
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Posted
Jun 30 2009, 11:50 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Government negligence pretty much caused the current financial crisis, writes Joe Nocera of The New York Times. Does that mean we can sue the government for our losses? No, he says.
In other words, victims of Bernie Madoff's schemes need to just get over it and stop suing the Securities and Exchange Commission for failing to uncover the fraud, Nocera writes. If the SEC were liable for anything here, then taxpayers would be the ones paying Madoff victims. "This is not 9/11," he adds.
It's a pretty tough column saying all kinds of things that Madoff's former clients don't want to hear right now. They are responsible for their own financial gullibility. When something sounds too good to be true -- like the returns Madoff promised investors -- it probably is.
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Posted
Jul 02 2009, 11:25 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Well isn't this interesting: An investor at the Securities and Exchange Commission told her bosses in 2004 that something funny was going on at Bernard Madoff's firm. One of those bosses would later marry Madoff's niece. And what do you know? The investigator was told to focus on other issues, according to The Washington Post. The investigator, Genevievette Walker-Lightfoot, sent e-mails to a supervisor saying her review of Madoff's firm raised red flags. But sources tell the Post that the SEC was under pressure to look for fraud in the mutual fund industry, so Walker-Lightfoot had to end her Madoff investigation to focus on mutual funds. The revelation is just going to be more damaging for the SEC,
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Posted
Jul 08 2009, 06:00 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Bernie Madoff has hired a consultant to help him land the best possible place to spend the rest of his life. Madoff, who received a 150-year jail sentence for his fraudulent Ponzi schemes, could even end up in the notorious "Supermax" jail in Florence, Colo., the Times Online reports. That's because his long sentence puts him in a more hard-knuckled prison category than most white-collar crimimals, the Times adds. "He could be forced to mingle with murderers, rapists, drug-dealers and white supremacist gangs with a hatred of Jews," the Times writes.
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Posted
Jul 10 2009, 10:51 AM
by
Kim Peterson
Money Blog: Top Stocks Blog - MSN Money
Pity the poor judges that must sort this mess out. July 2 was the deadline for victims of Bernie Madoff's Ponzi schemes to file claims, and by the end of the day nearly 15,500 had been submitted. Investigators are trying to recover some of Madoff's money, but in the end they won't find enough to satisfy all those claims. So who gets the money they do find? Nearly 260 people have asked for hardship reimbursement because they can't pay for basic living expenses, or they're over 65 or have declared personal bankruptcy, The New York Times reports. They would get money faster than others. About 150 of those applications have been approved.
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Posted
Jul 20 2009, 01:19 PM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Bernie Madoff's new prison mates are eyeing him closely, and some want to beat him a little bit to up their prison rep, the New York Post reports.
"Some of the guys were talking about smacking him around a little, just to get the notoriety of it," the Post reports, quoting someone who has a relative in the same Butner, N.C., lockup.
But others are impressed by Madoff and the way he has handled himself, the Post reports. That's because Madoff didn't rat anyone else out in his massive Ponzi scheme. He took the fall for the whole operation.
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Posted
Jul 21 2009, 11:36 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Wealthy New Yorkers who get sent to jail would have to foot the bill for their incarceration, according to a bill introduced Monday by a New York state legislator.
The "Madoff bill" -- named for disgraced financier and Ponzi-pusher Bernard Madoff -- forces drug dealers and other high-profile inmates to repay the state and federal governments for the cost of jailing them.
"Far too often, taxpayers are stuck with the bill for criminals who have extensive personal wealth waiting for them once they are discharged from our state's penal system," said the Republican assemblyman, Jim Tedisco, who introduced the bill, according to Reuters.
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