Festival of Stocks – 56th Edition

Welcome to the October 1, 2007 edition of the Festival of Stocks. The Festival of Stocks is a blog carnival dedicated to highlighting bloggers best posts on stock market related topics.  Fat Pitch Financials is the birth place of the Festival of Stocks, and I am proud to be hosting this 56th edition of this weekly roundup.

With seventeen quality stock market related submission, this week’s Festival of Stocks has been a huge success. I have organized the articles into six categories: stock analysis, sector analysis, interviews, financial reviews, currencies and rates, and commentary. Enjoy the reading.

This Week’s Submissions

Stock Analysis 

Fat Pitch Financials presents Concord Camera 2007 10-K Number. The net current asset value of this net net stock dropped a bit this month but it still is sell at well below Graham’s 2/3 net current asset value criteria.
Stocks: LENS

Value Plays presents Wal-Mart and India: Big. Todd Sullivan looks into Wal-Mart’s joint venture with Bharti Enterprises in India. They are slated to open their first store in India next year. Could this duo finally consolidate the fragmented and massive Indian retail market?
Stocks: WMT

ZachStocks presents Blackstone Group LP (BX). An article on Blackstone Group and how they will benefit from a rate cut.
Stocks: BX

FIRE Finance presents Apple Launches New iPod Touch With Wirelss Technology! The iPod Touch is now available and this post goes into the other changes to Apple’s product lines.
Stocks: AAPL 

Classmastes.com Sucks presents Why You Shouldn?t Buy Classmates Stock. This blogger might have an axe to grind given their domain name, but many of the points on why you might want to skip this IPO seem spot on.

Sector Analysis

The Dividend Guy presents Impacts of Investing in the Most Profitable Sector of the S & P – Financial Services.  Will fees earned by the financial sector decline as disclosure potentially increases in the future?  Something to think about when investing in the financial services sector.
Stocks: BAC, C, TSE:IGM, RY

Currency Trading.net presents 10 Ways Online Terrorism is Affecting the Markets. I’m not sure how actionable these 10 impacts are but it is something to keep in mind while looking at network security companies.

Interviews

College Analysts presents An Interview with Vince Sollitto, Chairman and CEO of Syntax-Brillian. Syntax-Brillian Chairman and CEO Vince Sollitto on Cramer, the credit crunch, CFOs, and short sellers trying to kill his company’s growth as they take on Sony.
Stocks: BRLC 

Commodity News And Mining Stocks presents Interview with Mr. John R. Ing of Maison Placements Canada. Mr. Ing predicts that gold will retest its resent high of $730/oz and then surpass that level.  Of most interest, Ing recommends Agnico-Eagle (TSX:AEM) to be held for the next 12 months.
Stocks: TSX:AEM, EGO, TO:ARU

Sox First presents Interview with David Rosenthal, md of Curtis-Rosenthal on subprime. “[Rosenthal] was optimistic but then let’s remember he is not exactly a neutral observer in all this.”

Financial Reviews

My Adventures into The Street presents Online Brokerage Review – OptionsXpress. The pros and cons of online broker, OptionsXpress.
Stocks: OXPS

Getting Green presents Investment Companies Launching Impostor Money Market Funds. Something to keep in mind when shopping for places to put your cash to work.

Currencies and Rates 

Wealth Building Lessons presents Rich Guys Bailing On The Dollar? “Wealth Building Lessons discusses why the richest city in the world is buying foreign gas that it doesn’t need and what you can learn from it.”
Stocks: FXA, FXC, FXE, UDN, PTR

Trader’s Narrative presents Why A Weak Dollar Can Help The Stock Market. This post discusses how there is a paradoxical way that a weak dollar helps the stock market through overseas earnings.
Stocks: MMM, KO, T, HD

My Wealth Builder presents Fed Rate Cut Signal – Time To Be Invested In The Stock Market. If history repeats itself, the Fed interest rates cuts on September 18, 2007 signal the beginning of market run up and significantly higher values one year from now.

Commentary

Money, Matter, and More Musings presents Investing Progress: Current Status, Mistakes, And Future Goals This investor is just getting started with stock market investing by purchasing a portion of his portfolio in ETFs. Some great advice for new investors is provided in the second comment in the comments section.
Stocks: SPY, EEM, EWZ, VTI, VWO, IXG, FNI, EFA, ADRE

SOX presents Beware of soaring profits. How much can we believe companies that report increased earnings over 20 quarters? A new study suggests we should probably take it with a bag or three of salt. The researchers found that most companies smooth their earnings.

That concludes this edition. I want to thank everybody for contributing such great submissions this week.

Submit your blog article to the next edition of Festival of Stocks using our submission form. Next week’s Festival will be hosted by Investment Quest. Past posts and future hosts can be found on our Festival of Stocks index page.  Please consider volunteering to host a future edition of the Festival of Stocks.

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