Avon Products is a stock that we started buying and selling puts on in November of 2011 for some clients.  During that time period Avon’s share price had dropped significantly due to regulatory problems in Brazil, and poor management from Andrea Jung. Today the company announced that privately held Coty Inc., offered to buy the...Read More

AIG CEO Robert Benmosche continues to show his leadership stripes by looking to get more aggressive into the mortgage market.  In this FT article Benmosche suggests that the company is looking to buy the mortgages that their subsidiary United Guaranty Corp is insuring.  United Guaranty has modified risk based pricing and is reviewing each loan...Read More

While Blackberry (RIMM) has certainly been under the gun of late, the company still has a very loyal user base.  For people that use their phone primarily for business needs Blackberry offers the best combination of productivity and security.  The company is behind the curved by waiting so long to their new line of Blackberry...Read More

In what is sure to be an interesting drama, Sirius XM Radio (SIRI) is attempting to put measures in place that would prohibit media mogul John Malone from taking control of the company.  Malone’s loan and preferred stock acquisition in the depths of the financial crisis was one of the most lucrative during that period...Read More

Global Payments (GPN) is one of the largest merchant processors in the world, and due to a suspected data breach on Friday the stock dropped about 9%.  Over the weekend Visa has said that they are removing their seal of approval which could make the small businesses that make up Global Payments client base, leery...Read More

Say what you what about Goldman Sachs but they are not stupid people and they understand the housing and mortgage markets.  Inventories are down and when demand picks up watch out. http://www.bloomberg.com/news/2012-03-29/goldman-bets-on-property-rebound-with-new-fund-mortgages.html INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

Ken Heebner is a momentum investor which I can’t really relate to, but as far as making macroeconomic calls he has a strong history.  His points on the housing market are absolutely correct.  There is going to be a tremendous amount of money made on the recovery, and just as people were to bullish on...Read More

This is very encouraging news to see Spain taking their budget cuts seriously.  While austerity isn’t going to be a magic potion to resolve the Euro’s problems, it does maintain the credibility of the efforts made in the last year for each country to get their houses in order.  The last couple of years Greece...Read More

It looks like Bank of America has the right man for the job in CEO Brian Moynihan.  The company has done a phenomenal job boosting capital through divesting non-core assets.  The banks has very strong reserves which should insulate it from future credit losses.  Due to all of the turmoil from lawsuit regarding reps and...Read More

RIMM came out with lackluster earnings today as expected.  This is going to be a rough year for the company as we await their new phone which won’t be out until later this year.  I think the WSJ did a great job outlining a few of the likely suitors for RIMM.  I think Microsoft and...Read More