“Is an “Underperform” stock in an “Outperform” industry more attractive than an “Outperform” stock in an “Underperform” industry?” The April 26th, 2004 issue of the Wall Street Journal, Susanne Craig and Ann Davis asked this valid yet confusing question. We at the Markowski Monthly have been warning investors that, despite Eliot Spitzer’s infamous stock research […]
The mighty NASD strikes again! The NASD censured and sanctioned Bear Stearns, Morgan Stanley and Deutsche Bank for handing out hot IPO’s to their buddies and friends and subsequently overcharging them. Bear Stearns agreed to pay a $4.95 million fine, Deutsche was ordered to payout $5.29 million, and our old friend Morgan Stanley had to […]
We keep hearing how obese Americans are. However, Krispy Kreme Doughnuts just stated that the low-carb diet trend has hurt sales. Because Krispy is coming up short in its expectations, a wonderful law firm in Pennsylvania is suing them because they should have known better. The complaint names members of Krispy Kreme’s senior management as […]
Very quickly and very quietly this past month justice was handed out to the highest bidder. The winner, as usual was Citigroup. Citigroup will set aside 4.95 billion dollars for legal costs that include settling claims that it lied to investors about the real prospects of some of their investment banking clients such as, WorldCom, […]
Curiosity got the best of me and I wanted to find out how the three examples cited performed since their IPO. I also wanted to know what their underwriters thought of them and what they think of them now. Pac-West Telecomm This company went public at $10 and closed the first day at $18.44. The […]
The National Association of Securities Dealers announced that they are starting investigations into six large investment firms for misconduct in the sale of 529 College Savings Plans. The NASD feels that investors were sold 529 plans that were sponsored by states other than their home state without fully comprehending that they would lose certain tax […]
One of the most talked about topics by political hacks and the network news stations as of late has been outsourcing. One only needs to flip across a few channels to find some talking head outraged at the current state of jobs in the United States. We, here at the Markowski Monthly, prefer to deal […]
What truly amazes me about the effort put forth by regulators and the New York crusader Eliot Spitzer over the past couple of years is the amount of money that these guys have been able to fleece from the big investment outfits. When contemplating and reflecting over this whole mess I have visions of the […]
I have a great idea for a new cable channel, the Cold War Channel. This station would play nothing but movies like Red Dawn, Rocky IV, Rambo, The Hunt for Red October, Missing in Action, and FireFox. In between movies we could air great speeches by Ronald Reagan and show reruns of the 1980 Olympic […]
We report on mutual fund scams with alarming regularity and every case we turn up is a bloody shame. However, a case that we uncovered this past month redefines the crooked, deceitful, vermin Wall Street executives that we root out every week. One of the funds happened to be the Columbia Young Investor Fund. This […]