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INVESTORS MUST BE CRAZY  XML
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[Post New]11/11/2007 22:23:55
   Subject: INVESTORS MUST BE CRAZY
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sophrosello
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Author:
J.O. Rosello
Link:
http://www.investorplaceblogs.com/users/sophrosello/2007/11/investors_must_be_crazy.php
Summary:
November 9, 2007, Black Friday. Merck & Co., Inc. announced that it had agreed to pay $4.85B to sett
le claims that its painkiller drug VIOXX caused heart attacks and strokes in thousand of users The p
ayment covers only the class...


November 9, 2007, Black Friday. Merck & Co., Inc. announced that it had agreed to pay $4.85B to settle claims that its painkiller drug VIOXX caused heart attacks and strokes in thousand of users The payment covers only the class action suits brought against it which comprises about 85%- 90% of the total obligations. The remaining claims by individuals shall be decided as it comes along later. This settlement alone shall chip off about 10% of its total assets listed at $44.380B in its annual returns for the year 2006. . The Merck stock http://www.cnbc.com/id/15837290?q=MRK
rose by $1.13 to $55.90.



November 9, 2007, Black Friday. TBS International Ltd., in its nationwide telecast announced that for the third quarter ended September 30, 2007, total revenues were $92.4 million, an increase of 41.3% compared to the $65.4 million for the same period in 2006. Net income for the third quarter of 2007 was $27.0 million, an increase of 175.5% compared to $9.8 million for the same period in 2006. Net income for the third quarter of 2006 included a charge of $1.2 million for the re-engineering of certain of TBS' business processes to better meet the company's needs as it grows, a $1.3 million charge for the write-off of deferred costs and $2.2 million in early prepayment fees, partially offset by a gain of $2.2 million from the sale of the Dakota Belle.

Earnings per share on a diluted basis were $0.96 for the third quarter of 2007, calculated on 28,081,678 shares, compared to $0.35 for the same period in 2006, calculated on 28,088,310 shares. Earnings per share for the third quarter of 2006 included the non-recurring items mentioned above. EBITDA, which is a non-GAAP measure, increased 63.1% to $38.5 million for the third quarter of 2007 from $23.6 million in the same period in 2006. TBS International Ltd. Shares http://www.cnbc.com/id/15837290?q=TBSI
increased by only $0.08 to $53.28.



November 8, 2007, Thursday. I sold most of my SLO Microsoft stocks to buy AAPL shares. http://www.cnbc.com/id/15837290?q=AAPL
shares plunged $10.10 to $165.37 the following day after hitting a high of $192.68 two days ago. I must be crazy too.




Tags:  edit AAPL add this tag to tags ignored list , MRK add this tag to tags ignored list , TBSI add this tag to tags ignored list Waiting...
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