Wall Street's Buy List

• Report this Comment On January 20, 2010, at 6:44 AM, TimoDOZ wrote:

  So where are the Paul Harvey remarks on the other stocks listed. PAL is now competing with an ETF that actually has Palladium. How much palladium does PAL produce? Even the PGMs look ripe for at least a consolidation. $4.78 for a stock that dropped well below $3 on a C$50MM BDF looks a little rich. So much dilution and maybe some warrants too? ACAS... what chance do they have of staying afloat in a double dip recession. Any CIT shareholders investing there? The banks are reporting big losses after paying back Troubled Asset RP. They have kept the toxic waste on their books instead of using TARP to remain solvent and still liquidate it. They have borrowed money at 0% from the taxpayer, paid out hundreds of millions in bonuses from that largess, then jacked up consumer loan rates to 20-40% rates. These banks are clearly not expecting to collect that money. They may end up with 10%-15% returns and profits before these borrowers default. Two weeks ago the house across the street from my abutter was foreclosed on by "Acme Mortgage Co. seems bank loan officer Wiley Coyote failed to anticipate my assessment dropping 3 times in the last 3 years. Something bad happened when the reset happened. Wiley got the house 20% of the mortgage balance went up in smoke. I can now file for another tax abatement! This has all put the electorate in the state of mind that they should justifiably vote themselves some of this largess. Still trying to swallow Wachovia's Golden T ...(rhymes with word), WFC will probably fail right after Citi bank is "resolved". Good luck with your ACAS and the rest of that kind of subordinated high yield junk, when the only solvent banks in North America are in Canada! Could "Kavin" Flaherty step in when Timmy the "G" joins the Eighth Dwarf Greedy, by getting himself rubbed out? Molybdenum easier to spell than pronounce goes into stainless steel maybe? Gotta be some larger miner that produces a boatload of the stuff as a by product to mining nickel or some such? Gramercy Capital sounds more risky than other metropolitan NY banks like VLY (7.6%VLY-A), NYB and HCBK. Lot's of Tony Soprano types needing those "consulting fee services" W-2s. So collections should not be a problem. You really have to do business with a bank with principal offices in New Brunswick and Ft Lauderdale before you can experience the quintessential Italian hard guy collector phone personality act. It is only rivaled in hilarity by the Congress grilling these financial gurus from Government and Wall Street on why when Congress gave them the authority and encouraged them to build a house of cards on 40-60% leveraging of the US economy they were so obliging in accepting Congress' game plan! There are the bad financials and then the rest which are the failing financials. No body believed Madame Death or that creepy Peter Lorre character. Maybe the PAL might work, after all at least they got gold? Where is that PAL? Would a $200 Loonie note stop the advance to 110? I think Hamilton would have appreciated the symmetry of a $2 bill and a $200 bill. So what if he was an imperialist! At 110 Kavin and the BOC might not get the love of the voters on that kind of impending disaster, Eh? Or maybe I'll buy some US Pe$o IOUs instead? Got TMV? Total Metal Value? NOT!!! It is going to be a tough off season for me as the high school football game is the only place in America you can still yell,"Throw the bomb!!!!" Thank goodness the aught years are over and there will be no more bubbles bursting.

• Report this Comment On January 20, 2010, at 4:25 PM, jmcgoo1 wrote:

  You put ACAS on your list but! It didn't trade at $3.87 all day! It was over $4.00, and you didn't even bother to mention it in your comments: why include a stock and not mention it, or say why you put it on the list, or what?

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