Citigroup Inc. (C) announced that it is making plans to planning to increase the number of its common shares outstanding and execute a reverse stock split as part of its effort to convert preferred shares to common shares. Citi is seeking to exchange about $27.5 billion in public and private preferred securities as part of its agreement with the Treasury Department, which has pledged to match up to $25 billion of the conversions. This deal represents the government's third attempt... continue
by Mark Anderson | 03/19/09 | Stocks: C,
Investing in an education is always a good investment in yourself. But are education stocks a good investment for your portfolio? Traditionally in tough economic times the private education companies do well as as workers look to enroll in classes to upgrade their skills. Apollo Group (APOL) is the biggest company in the sector. The company is the parent of the University of Phoenix, which is the largest private university in the U.S. In January, Apollo reported fiscal first-quarter earnings... continue
by Mark Anderson | 01/29/09 | Stocks: APOL, CAST, CECO, COCO, CPLA, DV, EDU, EPAX, ESI, LINC, LTRE, MMS, NLCI, STRA, UTI,
Admittedly the stuff is stinky, sticky, and ugly but Oil powers the economy and the price of oil has a direct impact to many stocks that explore, refine, or transport the black gold. As I type the price of oil is approaching $55 per barrel and the price of unleaded is now near the $2 level throughout the US. When you look at the Oil Service Holders (OIH) as a proxy for Oil service companies, the ETF is currently down... continue
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