Tag Archives: Bear market

Steady as she goes, IROs

A quote of the day for investor relations professionals, from National Investor Relations Institute President and CEO Jeff Morgan in his “IR Weekly” email and blog post under the heading “Market Mayhem”: Market volatility reached new extremes last week as we experienced global market moves of positive to negative 5% from one day to the next. [...]

Jamie Dimon: Cheer up, America!

While the markets are going crazy, Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., is out visiting bank customers and employees on a bus tour in California – and giving an interview today with CNBC. His core message: Cheer up, America! That’s not bad advice for investor relations folks, either. Dimon doesn’t mince words about shortcomings [...]

On the bright side

Brian Wesbury, chief economist at First Trust Advisors, is seeing V’s everywhere. A strong recovery, he believes, is in full swing for the US economy. The stock market, of course, is up. His graphs all show a V-shaped ascent after the nosedive of 2008.
Yet people everywhere are still worried, intent on reliving the worst of the [...]

Warren Buffett reads annual reports

This weekend’s Wall Street Journal has a readable piece on what Warren Buffett didn’t invest in during the financial and economic crisis (“In Year of Living Dangerously, Buffett Looked ‘Into the Abyss’”) … Bear Stearns, Lehman Brothers, AIG, Wachovia, Freddie Mac and others.
Besides making the point that deciding not to invest can be as important [...]

Warren Buffett reads annual reports

This weekend’s Wall Street Journal has a readable piece on what Warren Buffett didn’t invest in during the financial and economic crisis (“In Year of Living Dangerously, Buffett Looked ‘Into the Abyss’”) … Bear Stearns, Lehman Brothers, AIG, Wachovia, Freddie Mac and others.
Besides making the point that deciding not to invest can be as important [...]

Mission accomplished?

I’m getting a mental picture: The confident commander-in-chief strides across the flight deck of the USS Economy and addresses the aircraft carrier’s crew as a MISSION ACCOMPLISHED banner flies overhead. “The recession is over!”
Well, maybe we should hold off on photo ops.
The good news on third-quarter GDP rising, breaking the recessionary streak, doesn’t mean we’re finished with [...]

Anthropology of Wall Street

If you’ve worked on stock offerings or M&A transactions, you have probably noticed that the smartest guy in the room is always the investment banker. At least in the investment banker’s opinion. (And I say this without any envy or doubts.)
So I perked up when I saw a piece in my college alumni magazine about a [...]

A dry summer ahead for funding?

The financial crisis and depressed market are a life-threatening drought for many biotech companies, according to an April e-newsletter from the Biotechnology Industry Organization. Says BIO:
There may be no summer lovin’ for biotechs. By most accounts, investors will remain tight-fisted with their cash for some time, opening up their wallets for only the most promising [...]

Monday, Monday …

I guess we learned a couple of things in Monday’s market:

Rallies don’t go on forever, especially amid negative business fundamentals (say, two of the Big Three teetering on the brink).
Attention CEOs: President Obama is an activist shareholder, and if you take the government’s money you should know who’s in charge.
Economic and industrial policy is unhinged from [...]

Who’s most shareholder-friendly?

The March 2009 Institutional Investor is a must-read for IROs.
The names of top-ranked firms in 57 industries are reason enough to take a look at “America’s Most Shareholder Friendly Companies,” an II ranking based on relationship evaluations by 675 buy side analysts and portfolio managers. Yes, the list includes some of the market’s longtime “blue chips,” but [...]