Tag Archives: Barron’s

Buffett boosts bet on newspapers

The newspaper industry got a dose of good news today with word that billionaire Warren
1e5ec597e241f20c0e0f6a7067003053.jpgBuffett’s company Berkshire Hathaway is buying 63 papers from Media General Inc. for $142 million.

The deal includes the Richmond Times-Dispatch and would give Buffett 25 dailies across the coutnry.

Newspapers have had tough times in recent years, but Buffett apparently sees a brighter future as papers implement paywalls for their online products.

“We may buy more newspapers. I think the economics work out OK,” Buffett told shareholders at Berkshire’s annual meeting earlier this month.

More details:

Reuters: Warren Buffett to buy Media General newspapers

Poynter: Media General, Warren Buffett agree on paywalls

Washington Business Journal: Warren Buffett to buy Media General

 

 

Pity the poor financial analysts — the economy is improving

Beating expectations has become the 1Q norm. The consenus among financial analysts was that corporate America had already squeezed as much profit as it could from a weak economy.

The analysts couldn’t have been more wrong. So far most companies have reported better than expected earnings. And by most, I mean about 8 out of 10.

It started with Alcoa, which reported a profit of $94 million, or 9 cents a share. Analysts were expecting a loss of 4 cents per share. On Tuesday, Apple surprised the experts with a profit of $11.6 billion, a whopping $12.30 a share. Analysts predicted $10.06 per share.

In between a slew of other companies have reported positive earnings.

If the experts could be so wrong about 1Q earnings, maybe the economy is doing better than they’re telling us. Or maybe this will be the highwater mark for 2012. I’m thinking the economy is slowly getting better and profits will be the norm this year.

Here’s a different view from Randall W. Forsyth writing for Barrons.com:

This May Be as Good as It Gets for Stocks in 2012

Here’s what the Fed said today:

Fed: Economy growing modertely; no policy changes

General Motors return — what the experts say

820d7421817b9f13dc0e6a706700e60a.jpgIt’s way too early to pass judgement on General Motors return to the stock market, but that isn’t stopping analysts, politicians and others from having their say.

Here’s a sampling of what’s being said, including a video from the White House blog. So far, most of the chatter has been positive, but what will the experts be saying a year from now?

White House White Board: The Rebirth of the American Auto Industry

SmartMoney: The General Motors Bait-and-Switch

Barron’s: The Other Way to Play GM

MarketWatch: GM shares retreat some from re-entry gains

MarketBeat – WSJ.com: GM Stock: Trading but whtih training wheels

Photo: (AP Photo/Paul Sancya, file) In this file photo taken Thursday, Nov. 18, 2010, General Motors headquarters are shown in Detroit. Shares of the reborn General Motors lost momentum in early trading Friday, Nov. 19.

Regal CEO makes Forbes ‘Power’ list

regal_MP_13099.jpgMovie theater operator Regal Entertainment Group Inc. received good play recently in a pair of national business magazines.

Forbes named Regal CEO Amy Miles one of the magazine’s “Power Women in the Wings,” a diverse list of up and coming women executives from around the world.

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Today’s worry — inflation

We all need something to worry about. Here’s a sampling of what’s being said on inflation by the government, Web talkers and other assorted experts.

Barron’s Stocks to Watch blog: Producer Prices, Jobless Data Spell Inflation

TheStreet: Wholesale Inflation Up 0.7% in March

MSNBC: Jump in food prices boosts wholesale inflation

Associated Press: Wholesale prices rise in March as food costs jump

Jobs and luxury stocks

Roundup from the Rant$ and Raves$ blog roll

It’s all about jobs, jobs, jobs.

The Curious Capitalist plugs Time magazine’s cover story that explains what works when it comes to job creation.

Check it out here.

Luxury stocks will boom.

That’s what it says on Barron’s Stocks To Watch Today.

Read all about it here.