Serwer: Two banks to bet on Warren Buffett owns a big chunk of M&T Bank, and Allied Irish Bank also looks good. But Sharper Image has lost its edge.
NEW YORK (FORTUNE) -- Market Power Baby! Friday was a bit of a bloodbath yes, but now we are in earnings season and done with all this interest rate hooey! M&T BANK: Straight outta Buffalo, NY. A nice sized bank, with 658 branches in New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and DC. Ticker MTB (Charts). Warren Buffett's Berkshire Hathway (Charts) is big shareholder. That should be enough. But also - get this - the chairman of the bank is one Robert Wilmers, who is a director of Allied Irish Bank (Charts), which is also a large shareholder of MBT. Wilmers has been buying ADRs (US stock of a foreign company) of the Dublin-based bank, according to Bloomberg, and that stock is up. So is MTB. A good one I think.... EQUITY ONE: There's a big real estate deal this in the works this morning. Heritage Property (Charts), a Boston-based REIT that that runs strip malls will be bought by an Australian/U.S. joint venture for $3.2 billion. Not much of a premium, but this one looks like it's taken out. So how about another playa in this arena? Like Equity One (Charts) - a REIT out of North Miami Beach, Florida? This company calls itself the supermarket REIT, and it has over 100 such properties (mostly supermarket-anchored) in 12 mostly-southern states. Publix, for instance, is a big tenant. I know I know, Wal-Mart (Charts) is eating everyone's lunch, but Publix and other smart chains will survive, and EQY will continue to make money. A contrarian play. SHARPER IMAGE: Um, San Francisco, we have a problem. I know you are supposed to buy stocks when they are down or cheap. But how do we know if this stock is down, only to go downer?! Sharper Image (Charts) has had all kinds of problems over the past several years with its Ionic Breeze machines (an ill wind), then they didn't get it going with MP3 playas. Last week company said its same store sales slid (try saying that up on the TV!) by 26%. Now it's settling claims that it inaccurately described the attributes of its breathalyzer. What is this company on? Avoid. LOOSE CHANGE: What was with Zinedine Zidane thinking? What a fool! (Or is it fou?)....See the plane crash in Irkutsk? Ever play Risk?......Is Fenwick in Old Saybrook, CT the nicest community in the U.S.? Holy smoke! |
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