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MarketBeat (Free subscription) | 07/24/2008
... conjures images of turning around an aircraft carrier, it’s because that’s about the extent of it. Bernie McGinn, CEO of McGinn Investment Management, who owns shares of Ford, says reconfiguring these factories is a “ nine-month operation .” The carmaker is still dealing with other wide-ranging problems — it surprised investors after writing down $2.1 billion on leases at its...
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Stock Market Beat (Free subscription) | 06/06/2008
CNBC Stock Blog: Bernie McGinn says forget subprime — buy bank stocks. Which one did he call a “tremendous franchise”? He also likes Bank of America (BAC). “Bank of America represents a pretty good buy right here,” he said. “It’s a tremendous franchise; it’s the number one in deposits, it’s number one in credit-card balances, it will [...]
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Turkish daily news (Free subscription) | 07/22/2008
... record wave of mortgage defaults. “Countrywide will go down as a good, bold acquisition,” said Bernie McGinn of McGinn Investment Management in Alexandria, Virginia. “If you have people scared about the prospects for their community bank, and there's a Bank of America office next door, then people are going to move their money. That's not being priced in.” Bank of America traded...
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International Herald Tribune (Free subscription) | 07/21/2008
... current record wave of mortgage defaults."Countrywide will go down as a good, bold acquisition," Bernie McGinn of McGinn Investment Management in Alexandria, Virginia, said before results were released."If you have people scared about the prospects for their community bank, and there's a Bank of America office next door, then people are going to move their money. That's not...
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MarketBeat (Free subscription) | 06/20/2008
... what investors seem to be expressing is that “the market is not buying the story” anymore , says Bernie McGinn, head of Alexandria, Va.-based McGinn Investment Management, who owns shares of both companies. The big-name drugmakers have been struggling amid patent expirations, which will pave the way for more generic competition. One of the more lucrative markets for the big...
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MarketBeat (Free subscription) | 06/04/2008
... may be a sense that international profits could be pressured by the strengthening dollar ,” says Bernie McGinn, president of McGinn Investment Management Inc. in Alexandria, Va. Bud Haslett, options strategist at Miller Tabak & Co., notes that the Nasdaq-100 has been the more volatile index for the past month , which can cause expectations of further volatility to rise. Furthermore,...
