And yet another reason never to buy an Airline stock. One of the best pieces of advice someone ever gave me when it came to investing was to never buy airline shares. Not that I ever would have but when I asked why, they said “because they always go bankrupt.”Read more
UAL Hit By False Bankruptcy News
Fannie and Freddie Under a Buck
Fannie Mae (FNM, $0.73, down $6.31) and Freddie Mac (FRE, $0.88, down $4.22) did their best Enron imitation on Monday as both stocks plunged to under a dollar. Sure, the government bailout was huge for the market but check out the true winners from yesterday. The Fannie Mae September 2.50Read more
RIMM at $100
Mergers and Acquisitions
Market Looking to Rally
NewsFlash: Fannie and Freddie Rescued
It’s official. It what was the worst kept secret on Wall Street Friday after the market closed, the government finally bailed out beleaguered mortgage giants Fannie Mae (FNM, $7.04, up $0.62) and Freddie Mac (FRE, $5.10, up $0.15) on Sunday in a move that came much sooner than anyone anticipated.Read more