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MarketBeat (Free subscription) | yesterday
... “Deflation has come to the stock market just as much as it’s come to the consumer sector,” said Kim Caughey, senior investment analyst at Fort Pitt Capital Group in Pittsburgh. “People are looking at the market and thinking, well, that’s a good price. But what if it falls more?” The tech-focused Nasdaq Composite Index crept up 0.4% to 1391. The small-stock Russell 2000 slipped 0.7% to 409.49...
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MarketBeat (Free subscription) | 10/20/2008
... with these moves — whether they want to grow, improve, or reduce the size of the company ,” says Kim Caughey, senior investment analyst at Fort Pitt Capital Group in Pittsburgh, who does not own shares. Yahoo’s stock, headed into Monday’s action, was down 45% on the year, with most of those losses coming in the past three months after the company rejected the Microsoft offer. Analysts at...
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Seattle Times (Free subscription) | 10/14/2008
In addition to escaping the financial blow, the 52-year-old CEO saved himself some goodwill from shareholders. Microsoft first offered $31 a share for Yahoo, the No. 2 Internet search engine operator, and went as high as $33 in last-ditch talks with Yahoo CEO Jerry Yang — price investors like Kim Caughey at Fort Pitt Capital Group decried as too high at the time.
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New York Newsday (Free subscription) | 10/07/2008
... other governments to resuscitate lending."I think we have weeks of volatility ahead of us," said Kim Caughey, equity research analyst at Fort Pitt Capital Group.She said the write-downs of bad debt at Bank of America are a reminder to investors that troubles within the financial sector remain.The concerns weighed on stocks after Monday's rout. In early afternoon trading, the Dow fell 201.99,...
