Continue reading Todd Stottlemyre Looks to Cash in with Multi-Level Marketing

Todd Stottlemyre Looks to Cash in with Multi-Level Marketing originally appeared on BloggingStocks on Thu, 18 Mar 2010 10:30:00 EST. Please see our terms for use of feeds.

Just over a month ago, former Major League Baseball player-turned-car-wash-mogul-turned-options-pundit Lenny Dykstra filed for bankruptcy, and he appeared in court earlier this week for a hearing on his bankruptcy.

CNBC correspondent Jane Wells reports that "The judge in the Lenny Dykstra bankruptcy case put off until Sept. 1st a decision on whether to take control of the Chapter 11 bankruptcy away from Dykstra, or perhaps convert it to a Chapter 7 liquidation."

Continue reading The Lenny Dykstra trainwreck continues: Judge delays ruling

The Lenny Dykstra trainwreck continues: Judge delays ruling originally appeared on BloggingStocks on Thu, 13 Aug 2009 09:30:00 EST. Please see our terms for use of feeds.

Consumer bankruptcies have already spiked more than 30% this year, and it looks like the trend shows no signs of flagging. The American Bankruptcy Institute predicts that the tally could hit 1.4 million by the end of the year. So, although there are some experts signaling that the economy is on the upswing, the downstream effects of bankruptcy on consumer spending and corporate balance sheets are going to make it difficult for the market to turn the corner.

In July, more than 126,000 people filed for bankruptcy protection, and the filing rate was up 36.5% for the first six months of 2009 relative to the same period in 2008. The problem is affecting every rung of the social ladder.

Continue reading Consumer bankruptcies set to surge

Consumer bankruptcies set to surge originally appeared on BloggingStocks on Tue, 11 Aug 2009 09:00:00 EST. Please see our terms for use of feeds.

Continue reading Jon Stewart slams Cramer over Lenny Dykstra bankruptcy

Jon Stewart slams Cramer over Lenny Dykstra bankruptcy originally appeared on BloggingStocks on Thu, 16 Jul 2009 17:20:00 EST. Please see our terms for use of feeds.

Lenny Dykstra's trainwreck CNBC interview originally appeared on BloggingStocks on Sat, 11 Jul 2009 11:30:00 EST. Please see our terms for use of feeds.

I've covered Lenny Dykstra's financial woes pretty extensively here on BloggingStocks, so this latest bit of news isn't exactly shocking. Still, it's a sad culmination to the epic rise and fall of an athlete turned financial guru.

The Associated Press reports that the former New York Met has filed for bankruptcy, reporting liabilities of between $10 million and $50 million, compared with assets of less than $50,000.

Dykstra is just 46 years old, and his bankruptcy follows a slew of negative publicity and lawsuits surrounding failed business ventures.

Continue reading Lenny Dykstra files for bankruptcy

Lenny Dykstra files for bankruptcy originally appeared on BloggingStocks on Thu, 09 Jul 2009 09:00:00 EST. Please see our terms for use of feeds.

On May 1, I wrote about the news that TheStreet.com (NASDAQ: TSCM) had dumped Major League Baseball player turned pseudo options expert Lenny Dykstra.

Now The New York Post chimes in with more disturbing news about Dykstra's financial affairs. Dykstra has total debt of around $50 million and isn't paying up. He's being sued by a cavalcade of former business associates who claim he never paid them for services performed, and he even allegedly convinced a flight attendant to put a $10,600 flight on her credit card for him and then failed to reimburse her. He's being sued by his literary agent too, who says Dykstra never repaid him for money he lent him.

Continue reading More bad news for Lenny Dykstra

More bad news for Lenny Dykstra originally appeared on BloggingStocks on Sun, 10 May 2009 18:40:00 EST. Please see our terms for use of feeds.

Continue reading TheStreet.com dumps Lenny Dykstra

TheStreet.com dumps Lenny Dykstra originally appeared on BloggingStocks on Fri, 01 May 2009 17:00:00 EST. Please see our terms for use of feeds.

Continue reading Lenny Dykstra, stock market expert?

Lenny Dykstra, stock market expert? originally appeared on BloggingStocks on Thu, 03 Apr 2008 16:38:00 EST. Please see our terms for use of feeds.

Oklahoma celebrates its centennial in November -- Happy Birthday, Oklahoma!

Today, Oklahoma is known as one of the most business-friendly states, due in part to low tax rates. Oklahoma's economy is based largely on the energy, aviation, and food processing sectors. From 2000 to 2006, Oklahoma's gross domestic product increased 50 percent. The GDP per capita grew almost 10 percent between 2005 and 2006, one of the highest rates in the nation.

Fortune magazine's 2007 list of the fastest growing companies in the U.S. included six from Oklahoma. At number three on the list was Tulsa-based Arena Resources Inc. (NYSE: ARD), a seven-year old oil and gas firm with a three-year annual growth rate of 165 percent. Back in August, Arena announced strong second quarter 2007 financial and operating results. Arena is also a major holding in the Bruce Fund, which recently made the 2007 Forbes Honor Roll.

Tulsa-based oil and gas driller Helmerich & Payne Inc. (NYSE: HP) had a three-year annual growth rate of 37 percent, which beat the S&P 500. In August, H&P announced strong second quarter 2007 results, as well as two new contracts. The Motley Fool sees expansion in other sectors as good news for drillers such as H&P.

Continue reading Investing in Oklahoma: Arena Resources (ARD), Chesapeake Energy (CHK), ONEOK (OKE) and others

Investing in Oklahoma: Arena Resources (ARD), Chesapeake Energy (CHK), ONEOK (OKE) and others originally appeared on BloggingStocks on Fri, 14 Sep 2007 18:15:00 EST. Please see our terms for use of feeds.

Stock pickers: Happy days are here again originally appeared on BloggingStocks on Thu, 31 May 2007 15:50:00 EST. Please see our terms for use of feeds.