Andy Serwer Commentary:
Street Life by Andy Serwer Column archive
Three stocks: Fair is foul and foul is fair
Bad news at Radioshack signals a buy and good news at H-P is too late.

NEW YORK (Fortune) - Things aren't always what they seem ...

RADIOSHACK: Why do they do this?Why do CEOs (never mind football coaches and public officials) LIE on their resumes? When you get caught you get so busted! Well now we got another one. CEO of Radioshack, Dave Edmondson has admitted there were errors on his resume. He said he had two degrees from Pacific Coast Baptist College. School says it has no records of such degrees. Edmondson also faces DWI charges in a presumably unrelated matter. Edmondson joined RSH (Research) in 1994 and became CEO in May. The stock is down 15 percent since then, in fact it has dropped from $80 to $21 since 2000. So far the company is sticking by Edmondson. My take: They are going to have to let him go, I would imagine. I think this would be a great time to buy the stock. Has a P/E of nine and is under a cloud. That's when you strike!

HEWLETT-PACKARD: It's been about a year now since Carly Fiorina was pushed out as CEO of H-P. Since then the stock (Research) has been on a tear, climbing from $21 to $32. Huge. Now not all that is because Carly is out and new CEO Mark Hurd is in, but you have to acknowledge that there has been a psychological lift at H-P as well as a change in strategy. On the plus side, I think H-P is fending off Dell in its printer business. On the downside, I'm not a big believer in H-Ps PC business. Bottom line: I think this horse has left the barn. And you missed it. Not to worry there are others out there....

WARNER MUSIC: They said this company was going nowhere. Looks like they were wrong. I read just the other day that a Morgan Stanley analyst downgraded the stock, and lowered his price target. Then: "Whomp, there it is!" Warner Music reported last night that quarterly profits rose 91 percent because of sales of, get this, digital music during the holiday season! Stock (Research) climbed to north of $20. Couple things: This could make former parent company Time Warner look bad for selling it. Also isn't it interesting that for all the grief Time Warner takes, these sold off companies want to keep the former parent's name? Like Warner Music, Time Life Books, and maybe Warner Books. Will Warner Music continue to thrive? Someone has to win beside Apple.

Loose Change: Reading "See No Evil," by Bob Baer, the book they based "Syriana" on. Very cool. Why doesn't someone make a documentary film about Beirut in the 1980s? I would watch that!....Hey who's your favorite female Indian rap star? I'm all about M.I.A.Like here: http://www.miauk.com/ GALANG.....Faithful reader Deep Blue rightfully points out that big stocks are dead!

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E-mail Andy Serwer at serwer@fortunemail.com. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.