Archive for November, 2008

E-LOAN 4.36% 1-Year CD + $25 Bonus

Hat tip to Patricia D. for writing in about E-LOAN’s 1-year CD. This is one of the best rates out there right now (I know, I just personally opened a 1-year CD during the weekend), and on top of that, they’re giving a free $25 bonus.
There is a $10,000 minimum deposit.
Enter the code “times25″ to [...]

TurboTax Year-End Tax Tips

Given the current state of the economy it is even more important for taxpayers to do everything they can to slash their tax bill.
Bob Meighan, CPA and vice president at TurboTax says there’s still time for taxpayers to take advantage of some easy, year-end tax tips:
Sell losing investments
Taking a loss this year [...]

Where’s the Faith?

Two well known consumer favorites have seen their stocks take a major tumble in the past year, two years really, and recently have really taken a beating. I’m speaking here of Sirius/XM Radio (SIRI) and Starbucks (SBUX). Sirius is in my opinion in much more dire straits than Starbucks. Not only did their stock close at $0.20 a share today, there is a host of problems with the company. Least of which is pissing off listeners by merging their channels with XM. As the Motley Fool points out; They have roughly 3 billion shares outstanding, new cars aren’t selling with their tasty free trials of satellite radio, and, competition from standard radio, podcasts and music from their ipods are driving away subscribers.

Starbucks, a darling of investors for years has also seen it’s stock plummet. SBUX recently reported its profit fell 97 percent due to charges from closing underperforming locations in its fourth quarter ended Sept. 28. Same-store sales, or sales at stores open at least a year, dropped 8 percent. The shares are a measly $8 a share now.

Now surely these stocks are getting pretty much what they deserve..or are they? Have we gotten too negative on these companies? Is our faith in our economy really gone? Sure, these are companies that rely on the consumer, and are wants rather then needs. But from what I can see, people are still lining up every morning at my local Starbucks. And as a new subscriber to Sirius, I gotta say I love it. And most subscribers I talk to do as well and aren’t about to cancel anytime soon.

So, are these shares that should be sold? Forever? Or are these companies just going through a really bad patch? Better days will see their share prices rise again? No one can say for sure, but I have been tempted to buy some stock in Sirius. I know that bankruptcy is a real concern. But if they can hold on who knows. What do you think?

Layoff Tracker

PPG Industries cuts 2,500, Sunoco sacks 750 and AMR drops 323.

Best Countries For Women

In the latest gender-equality ranking of countries, the U.S. doesn’t even crack the top 25.