Word: sells
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...mortgages, including the subprime variety. Result: GMAC has lost $8 billion over the past two years. Cerberus will distribute shares to its investors, thereby reducing its voting stake to 14.9% and its overall equity stake to 33%. GM will transfer some of its shares to a trust, which will sell off the stock over the next three years...
...Yule Log purists, though, it was as if WGN America tried to sell New Coke. In response to a CBS Sunday Morning video comparing the two yule logs, fans bombarded segment host Mo Rocca's blog with protests ("The person who wants the new yule log is a f**king loser and an communist. He should get fired from his job. Merry Christmas," one wrote). Sean Compton, WGN's Senior Vice President for Programming Entertainment, received email complaints as well. "I'm getting attacked," he says. "I had 10 emails this morning, and I don't know how they...
...unlicensed Madoff generals must have had their orders: Mum's the word. Let the investors think what they want about who's placing the buy-and-sell orders. As far as the investors knew, the generals were the geniuses doing the sophisticated, proprietary trading stuff that brought such marvelous returns over the last 40 years. And, in our case, the accounting firm of Halpern & Mantovani, CPA, in Encino, Calif., Chais' chief bean counter, pumped out the quarterly statements as if it were all rock solid...
...upturn in the economic cycle. We really don't have a lot of evidence right now to support an emphasis on value stocks. We prefer growth stocks, though there's more than one type of growth stock. There are the companies offering stable growth, where the stocks sell at a reasonable price, and then there's kind of the momentum growth. And growth mutual funds follow one or the other - they rarely follow both. We prefer growth at a reasonable price, not the momentum fund...
...Sullivan wears a big ring studded with diamonds - one for every year he has ranked among the top Dodge salesmen in the country - and he has enough years behind him to remember tougher times. When his salesmen complain, he recalls trying to sell cars when interest rates were 17 and 18% back in the early 1980s. "I say, 'Guys, you've got no idea what it was like,'" Sullivan said. "If there weren't a few people paying cash, we would have been out of business...