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Flash: MBIA on fire -- huge earnings news!

After five consecutive quarters of losses it was reported today after the markets closed that MBIA (NYSE: MBI) earned $3.34 per share in the first quarter through March 31, 2009. This flies in the face of analysts expectations of a 33 cent loss.

The stock closed today at $6.96 but in after hours trading has been up over $8.00 as I type at 5:00 EST.

Continue reading Flash: MBIA on fire -- huge earnings news!

Chasing Value: Williams has the pipes and it's not blowing smoke

As I have been sharing with our readers over the years, I do not suggest anything I would not do myself. Today I am calling your attention to the Williams Companies, Inc. (NYSE: WMB) which I bought today at $13.00.

I had already taken advantage of a negative market view on the stock by selling "naked puts" at a November $12.50 strike price receiving $2.25 per share. I have been touting this as a way to make some money if you truly are interested in owning the stock already. On the puts my break even position is $10.25, the same as the recent market bottom.

Continue reading Chasing Value: Williams has the pipes and it's not blowing smoke

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 27, 2009: 01:30 AM

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