The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
Savings Experiment: Snow RemovalBargains are getting harder to find. The Dow seems to reach an all-time high almost daily, although the NASDAQ is still nowhere near its highest in 2000.
Any deals out there?
Altria Group, Inc.'s (NYSE:MO) Kraft Foods, Inc. (NYSE:KFT) is gone. There are rumors that Altria will spin off its highly profitable international business. The company is sticking by its 2007 forecast despite a soft first quarter. The stock still has dividend yield of almost 5%. Tough to beat.
Citigroup Inc. (NYSE: C) -- No one loves a loser. Citi's shares are up 10% over the last year, while cross town rival JPMorgan Chase & Co. (NYSE: JPM) stock is up over 25%. The stock dividend yield is over 4%. If Citi's CEO Chuck Prince can't fix the bank, the odds that he will be replaced are high. That could drive up the shares as could a decision to break the bank apart into separate investment banking and retail units.
Advance Micro Devices, Inc. (NYSE: AMD) -- Another dog. But the bad news is probably all out. A new chip line comes out mid-year and that should help the company in its battle with Intel Corp. (NASDAQ: INTC). The CEO has hinted at a restructuring. If AMD cuts enough in terms of capital expenditures, the stock could rally. Microsoft Corp.'s (NASDAQ: MSFT) Vista also has to kick into PC sales cycle sometime. AMD is now down to $14 from a 52-week high of almost $35.
General Electric Co. (NYSE:GE) -- Another stock that has gone nowhere, but that could be a plus. The calls for dumping the under-performing plastics division and NBC Universal are still in the market, and current management has not moved the stock in five years. At some point, the board is going to have to ask hard questions. GE gives a good dividend yield at 3.2%.
Yahoo! Inc. (NASDAQ: YHOO) -- Takeover bait, restructuring candidate, CEO firing target -- you choose. Yahoo! is still one of the three largest properties on the web. Management and the board can't let the company's poor performance keep going on forever. Would Microsoft buy it? Perhaps, but the idea of firing 15% of the staff ("The Peanut Butter Manifesto") has to be attractive even if its revenue growth remains poor.
Douglas A. McIntyre is a partner at 24/7 Wall St.
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Reader Comments (Page 1 of 1)
9-19-2007 @ 7:23PM
ken herberger said...
Please note that Jamie Diamon is the CEO of JPM Chase, not Prince.
JUst a BIG correction
Ken in FL
4-21-2007 @ 6:19AM
A. Kosmetatos said...
Douglas McIntyre,
On GE
Finally somebody is making sense about GE, maybe if enough people are willing to say "The Emperor Has No Clothes" changes will happen and the board will do their fiduciary duty to the stockholder's before there is a class action started and kick this company in the butt and get it going! Keep telling it like you see it.
4-21-2007 @ 11:44AM
ANNE said...
I would agree with Altria and if possible buy more.
It has been a great dividend player, Perhap it will be even better before the end of the year. Also
Mc Donalds great dividend, much to my surprise, I will put it in the grandchildrens' portfolio soon.
4-21-2007 @ 12:42PM
Ken Stetter said...
Finally, some of your inpout regarding GE is making sense. As a former employee (GE Calma) and shareholder, when do we dump Inmelt and get somebody who can run the company. He has lost 40% of the stock share value since he took over for Jack Welch. I see little or no leadership on his part.
4-21-2007 @ 4:33PM
ANNE said...
HI THERE, OF COURSE DO NOT FORGET CITIGROUP. A WINNER AND WILL BE BETTER EVERY DAY, NO MATTER WHO THE CEO IS, OF COURSE IT WOULD BE GREAT TO HAVE BOB RUBIN BUT NO MATTER WHO THE STOCK IS A KEEPER.
5-10-2007 @ 2:33AM
GUMBO said...
Smokers are not bothering you ?? You must be numbskulled!! Ever heard of second hand smooke?? You are too greedy to think about your own health, arent you? Really, smokers should smoke far away i mean 200 feet away from crowds... Altira is blowing away profits by spending on unnecessary lawyers to protect from lawsuits from dead smokers and silly government. Poiliticans should tell to smokers to go to hell and leave the rest of us alone. We have a right to breath clean air. Smokers are polluting the air even during driving. Smoke is being blown out of car vents in the back and into your windshield vents. Can you smell the smoker ahead of you? NO? you are numbskulled! Altira is crap and making too much profits selling cigarettes to smokers who bothers non smokers. Altira should ask smoking customers to do it out of our ways. Not too close, please, smokers. go to hell smokers die young for all you care! Thanks for the profits, suckers!!