Archive for April, 2004

LBTT.PK – lifeline biotechnologies update

Friday, April 30th, 2004

Lifeline put out a press release that calls for big sales. After buying the stock at .02 and wathcing it climb to nearly .03 and then in just the past few days fall back to .02, I hope they deliver some sales. This is without a doubt my riskiest position (I own a total of 13 stocks and ETFs), but for that reason it’s also my smallest position (about 2.5% of my total invested in the stock market).

Google IPO update

Friday, April 30th, 2004

It seems like the Google IPO will be accessible to all investors which is good news for a small one like me. This came from an article on the Google IPO:

Google plans an unusual offering to sell an estimated $2.7 billion of stock later this spring, using an online auction for investors large and small that is designed to avoid the unfairness and wrongdoing that accompanied the allocation of many hot initial public offerings in recent years.

Two more highlights: they claim that they will not feel pressure to boost earnings, provide guidance, etc. They will have two classes of common stock and the kind we can buy wll not come with voting rights.

Bad day for my stocks – FDP MCGC

Wednesday, April 28th, 2004

FDP had some bad results fromits earnign release. The stock fell to 24.05. W.D. Crotty sees a company that provides something people need (fruit and vegatables) and has a superior balance sheet. He’s a long term bull on the stock.

MCGC also came out with earnings. No one was impressed, and the stock fell to 16.20 which pushes the dividend over 10 percent. As long as they maintain their dividend, I plan to hold.

Stock idea – MCG Capital Corporation (MCGC) – update

Tuesday, April 27th, 2004

MCGC announced earnings and a 42 cent quarterly dividend. It has been on the decline and its dividend is now 9.42 % according to yahoo! Finance quote. The stock is at 17.45. Earnings will be discussed at 11 AM, Tuesday April 27 via webcast.

How long till a Google IPO?

Tuesday, April 27th, 2004

Here’s an article about Google going public. It seems that this may take longer than we expected if founders Page and Brin get their way.

Frankly I love the Google search engine and I love Google adsense. However I am concerned about their longterm ability to accept bids for keywords for name brand products. For example Google makes a lot of money when someone bids on the keyword “Ebay”. However, there is concern that this is a trademark issue. Also, Ebay recently told its affiliates that anyone biddong on the keyword “Ebay” would be banned from the program. Of course, there will always be keywords that are not trademarked, but this is a concern.

Stock idea – FDP (update)

Sunday, April 25th, 2004

So I’m not the only one who likes FDP, which I wrote about back when this stock was 23.88. The dividend is still over 3% and the PEG ratio is still under 1. I still own the stock.

This article from Motley Fool looks at the results of a stock screen based on principles of Benjamin Graham. The screen looked for cheap stocks that have dividends and have showed earnings growth. With a bit of tweaking, the screen reveals FDP, one of Motley Fool’s hidden gems.

lessons from 3 of the 5 dumbest things on Wall Street

Friday, April 23rd, 2004

3-5 of TheStreet.com’s 5 dumbest things on Wall Street this week has some interesting lessons. Only the one about Pfizer has anything to do with the stocks I write about here.

#3 – The Viagara market won’t get much bigger for Pfizer.

#4 – Don’t be too quick to jump on the band wagon (especially based on a press release).

#5 – Publicly traded brothels have PR problems.

Stock idea – PLMD update

Friday, April 23rd, 2004

I wrote about PLMD in January; it was around 26. I bought a few shares a few days later. I still have them, and the stock has been a consistent gainer recently. The current price is 28.57. With a market cap of 750 million this is a small cap stock and small caps are often a bit volatile. Demand for its diabetes products might be consistent, though.

Greenspan on inflation

Wednesday, April 21st, 2004

Greenspan spoke on montary policy, saying that interest rates have to rise some time in the future but giving analysts reason to hope that he’s not talking about the immediate future.

Stock idea: Pfizer (update)

Tuesday, April 20th, 2004

Pfizer’s earnings report may affect the short term stock price, but this Forbe’s article points out that the future depends on new drugs. Click on the link “wide ranging briefing” in the article to get an analysis of Pfizer’s future drugs. You only see one drug at a time so keep clicking “next” (above the article) to see the other drugs.