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"Chicago Bridge Ain't Falling Down"… Thanks to Warren

Subscriber Edward O. wrote in recently to ask for a follow-up to our June 3 recommendation.

This company “had been accused of shady accounting practices (by a possible short seller),” Edward writes. “The share price has suffered, and I’d appreciate a follow-up assessment.”

We think this is a clear case where we were early on a stock – but not wrong.

Let’s take a closer look…

  • Featured Story

    Does the Eurozone Have Its Own Lehman Bros?

    Does the Eurozone have its own American International Group Inc. (NYSE: AIG), or worse, its own Lehman Bros. when it comes to Greece?

    I believe it does.

    Why else would the European Union have bent over backwards to "save" a member nation that: A) Accounts for 2.01% of the EU by trade volume; and B) Would essentially be like letting Montana go out of business - no offense to Montanans or Montana!

    More to the point, if things really were under control, why would European Central Bank President Jean-Claude Trichet say that risk signals for financial stability in the euro area are flashing "red" as he did following a meeting of the European Systemic Risk Board in Frankfurt?

    The short answer: Because he knows what the European banks are desperately trying to hide from the rest of the world - that there are still enormous risks and they're even more concentrated now than they were in 2008 at the start of the financial crisis.

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  • eurozone interest rates