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A Bank That Said "NO": Tompkins Financial

by Russ's Picks  |  Stocks: ,

Friday afternoon was the deadline for banks to apply to the Treasury's TARP program and Briefing.com was full of announcements from banks that were or were not participating.

I decided to dig a little deeper into one of the banks that opted out on the theory that any bank turning down the government funds must be pretty confident in their prospects. Tompkins Financial (TMP) was the first 'thanks, but no thanks' announcement I saw, so decided to peel back a few layers of the onion. continued

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Emotions In Trading: Is Panic Underrated?

by Randal LaBine  |  11/21/08

Earlier this week, I noted the trading range in the S&P 500 (approximately the low to mid 800s up to 1000). The risk / reward favored a bounce from the bottom of the range, especially after last Thursday's huge reversal... continue

The Fall of Citigroup

by Louis Navellier  |  11/21/08

For months I've been warnings investors about the dangers of investing in Citigroup (C). The shares have been rated a Sell on my PortfolioGrader Pro stock-rating website for over a year. Now the stock is in plunging and the company... continue

Armageddon is here already or "Citi"wide sale

by Vad Yazvinski  |  11/20/08  |  Stocks: , , , , ,

Unfortunately my most recent prediction about implications of Paulson's fiasco with TARP seems to be coming true- run on the "next weakest" bank- Citi. Now according to this WSJ article- Citigroup's execs are considering following the steps of Wachovia and... continue

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BJ's Wholesale 3Q Profit Up 24%

BJ's Wholesale Club Inc (BJ) posted a 24% increase in third quarter profit on Wednesday, helped by an increase in shoppers coming to its stores and stronger-than-expected results from its gasoline stations. Profit for the third quarter was $28.2 million, or 48 cents per share, including a 1-cent-per-share charge for the closing of a club in South Carolina. A year earlier, profit was $22.7 million, or 35 cents per share. For the full year, it expects earnings per share of... continue

Jack in the Box Reports 4Q Profit

Jack in the Box Inc. (JBX) said its fourth-quarter profit was flat due to a dip in sales from Hurricane Ike and a slowdown in consumer spending. For the quarter ended Sept. 28, the company said Tuesday night its net income rose less than 1 percent to $26.9 million, or 47 cents per share, from $26.8 million, or 43 cents per share in the prior year quarter. The results included a penny per share in income from the company's Quick... continue