Why US Banks Suck and Canadian Banks Rock $C $JPM $BAC $WFC $TD $RY $CM $BNS $BMO $XLF

Banks are the aircraft carriers of the economy. Big strategic must not get hurt too badly. If they’re OK you’re in the game sort of. If they get hurt you’re dead meat. Check out the difference between four major US Banks and the big five Canadian Banks. In all cases the PE ratio are attractively valued and the dividend yield is superior. check out these stat:

Bank PE Dividend %

C 12.59 0.10
JPM 12.16 2.80
WFC 11.20 2.80
BAC 21.96 0.30

TD 13.10 3.60
RY 12.16 3.90
CM 10.24 4.40
BNS 12.01 3.90
BMO 10.98 4.10

Just saying.

George Gutowski writes from a Caveat Emptor Perspective.

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Financial Self Defence for Investors Kindle Version Now Available

Bottom of Wall Street from FDR

Image by SheepGuardingLlama via Flickr

OMG My publisher put out my book Financial Self Defence For Investors in Kindle format and never told me. Everyone run out and down load this puppy. If you lie cheat and swindle on Wall Street do not bother you already know all this stuff.

Google Blunders on Groupon

Image representing Google as depicted in Crunc...

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Google (GOOG) just offered a ridiculous amount of money for Groupon. Google which pioneered targeted search driven advertising had originally promised advertisers that they can find the interested consumer who will buy. Groupon is locally based but still old school mass marketing. For a while I subscribed to Groupon in my own major metropolitan area. I despaired when I received several ads for spa treatments and acrylic nails. I don’t care what the discount was. I am not in that market.

Google just spent billions of dollars to annoy me and other potential consumers with desperate ads for products that are not on my radar.

Disclosure: George Gutowski writes from a caveat emptor perspective. I do not hold positions in stocks mentioned in this post.

United Health Group New York Investor Conference

Location map United States Manhattan

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United Health Group (UNH) issued a press release today announcing tomorrow’s investor conference in New York. New York is a big place and they did not specify any details. I’m gonna guess it will be at a hotel in Manhattan. But that still leaves a lot of options open. But hey it starts at 07:30 ET. Two hours before market open if you know what I mean?

The announcement was issued the day before. So was there an invite list that was worked well in advance? When would the average investor become aware that important insights would be available? Not exactly an equal opportunity investment. But all the right people probably knew about the event well in advance.

The 8K indicates that starting at 07:30 “a hands-on review of certain of the Company’s products and technologies, followed by management presentations and question and answer sessions.” will be the order of the day.

The press release which was appended to the 8K provides the surprising information that an audio webcast of the conference will be provided but “The informal product and technology review will not be webcast”

The press release promises ” The meeting will begin with a hands-on review of UnitedHealth Group products and technologies, and move to presentations from a variety of senior leaders who will discuss the Company’s performance and outlook, including reviewing business trends and specific initiatives related to its various business units.”

The opportunity for selective disclosure is huge. Some will have access to information sooner than others. It will be very interesting to see what the stock does tomorrow. This certainly is not a level playing field.

Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.

Insider Trading Equals Industrial Espionage

The Seal of the United States Federal Bureau o...

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Federal authorities arrested Don Chu, an executive in the employ of Primary Global Research, an expert networking firm, on insider trading charges. They picked him up on Wednesday very early in the morning because he was booked to leave for Taiwan on Sunday.

Primary Global research seems to be a clearing house for so-called expert opinions. So far they seem to be operating domestically. The line between expert opinion and industrial espionage seems very blurred. While you have to applaud current enforcement moves by the Federal Government, will this so-called expert opinion business just move off shore where the FBI has no jurisdiction.

Disclosure: George Gutowski writes from a caveat emptor perspective. He holds no position in stocks mentioned in this post.

Citigroup Goes Taliban on Larry Hagman

Citigroup

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Citigroup (C) is fighting tooth and nail against Larry Hagman. The amounts are relatively small for Citigroup so why let the battle become a public relations black eye?

The message to investors is “Even if we screw you we will continue to fight you tooth and nail.” Citigroup lost the arbitration. Larry Hagman was in the right. Citigroup seems prepared to fight forever even when closure is obvious to everyone.

Citigroup is setting the psychological landscape for future clients. How many wealthy clients at Citigroup are rethinking their relationship. 

Can you see Larry Hagman as a poster child spokes person for shareholder and investor rights. You can hear the theme music now. 

Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post. 

New York Times & CNBC

Andrew Ross Sorkin at the 2009 Texas Book Fest...

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Just some out loud speculation about New York Times (NYT) and CNBC which is still owned by GE (GE). Andrew Ross Sorkin seems to be a regular on an incredibly early morning called Squawk Box. CNBC  may or may not be so cozy with the Wall St Journal now that Rupert Murdoch News Corp (NEWS) owes them.

Reading the tea leaves and trying to predict the future is always difficult. Will Andrew Ross Sorkin leverage his brand and use Deal Book as a platform? Will NY Times be able to tap into news gathering from CNBC? NY Times as a print operation will eventually crash and burn. Are they fumbling toward a digital solution? Who is on first?

Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.