Initiating Coverage Signals a Brokers Attention to Stocks
A brokerage begins following a company and assigns an opinion, often a hold or near term rating, while sell calls are rare. Investors should monitor actual quarterly EPS and performance versus estimates rather than rely on ratings.
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Warren Buffett
A.P. Tucson
Ariz
Roger Lowenstein
Buffett
Doubleday
My Dumbest Investment Lessons Shared by Readers
Jerry Danoff of Finksburg Maryland recounts buying IRAs with heavy insurance charges and limited partnerships that trap investors. He warns against frequent trading and urges thorough research, reading the fine print, and challenging any pushy sales pitches.
MENTIONED IN THIS ARTICLE
Jerry Danoff
Finksburg
Name That Company
Trivia describes a firm founded by a railway station agent and a watch maker, started with watches and jewelry, claiming to be the Cheapest Supply House on Earth in 1896, before expanding to Robo Grips and broad household presence. It posted over $41 billion in 1997 revenues, with shares up over 250 percent in a decade.
Spinning IPOs: Wall Street Bonus Wheel Draws Criticism
Investment banks use spinning to allocate hot IPO shares to executives who then quickly profit as prices rise. Pixar’s debut saw 100,000 shares reserved for GT Interactive head Joseph Cayre, earning him 2 million in one day. Banks underprice IPOs to boost spinning profits, raising ethics and legality concerns and harming small shareholders.
MENTIONED IN THIS ARTICLE
Wall Street
Wall Street Journal
Pixar
Joseph Cayre
GT Interactive Software Corp
Robertson Stephens
Cayre
Rubbermaid Inc. founded 1920 and global product maker
The company began as Wooster Rubber Co in 1920 with toy balloons, then dustpans, and later Graco strollers. It now produces over 4,000 items sold in 100 countries, enters a new market category every 12 to 18 months, earns over $2 billion annually, and has earned multiple listings as one of America’s Most Admired Corporations. During World War II it made life jackets and tourniquets.
MENTIONED IN THIS ARTICLE
the Wooster Rubber Co
GRACO
America
Rubbermaid Inc
Local banker keeps family run Avery County Bank steady
Guy, who chairs Avery County Bank with four sisters and a brother, opened her first savings 31 years ago at age 13. She recalls the bank holiday era and now faces megamergers, while steering the bank to attract customers with direct deposit for seniors and plans for an ATM.
MENTIONED IN THIS ARTICLE
Avery County Bank
Doug Clark
Guy
Chapel Hill
Robert
Avery County
Kenneth Guenther
Independent Bankers Association of America
Washington
Guenther
Franklin D. Roosevelt
Citicorp
Blame the lawmakers not the IRS says Heritage critic
Daniel Mitchell of the Heritage Foundation argues the tax system causes anxiety and costly defense actions. He says Congress lawmakers, not the IRS, should bear responsibility for enacting the laws. Americans should be angry but direct it at legislators.
MENTIONED IN THIS ARTICLE
IRS
Congress
Daniel Mitchell
Heritage Foundation
Mitchell
What Is This Thing Called The Motley Fool
This piece explains the Motley Fool as a financial publication that aims to entertain while delivering investing truth. It evokes Shakespearean wit and the idea that honest insights can help readers grow wealth with a lighthearted approach.
MENTIONED IN THIS ARTICLE
Motley Fool
Banks Do Not Rush Mergers Amid Mania Say Investors
After megamerger talk in financial services, investors chase stock with caution. Analysts note NationsBank BankAmerica and Citicorp Travelers are not rushed deals. boards planned for weeks. Banc One First Chicago NBC illustrate steady, strategic consolidation. Long term research should guide investments, not rumors.
MENTIONED IN THIS ARTICLE
Union of NationsBank Corp
BankAmerica Corp
Citicorp
Travelers Group Inc
NationsBank
BankAmerica
Citigroup
Banc One Corp
First Chicago Nbc Corp
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