Thursday, December 15, 2005

Supreme Court Ruling

I can now rest just a tad bit easier after reading the headline:

Illinois Supreme Court reverses
$10.1 billion Altria verdict

We should see Altria (MO) move much higher as a result. Go Big MO!

In other news... First Marblehead (FMD) took a nasty plunge today as JP Morgan Chase (JPM) decided to buy Collegiate Funding Services Inc. (CFSI). While I see no official news on FMD, I am sure that this is the reason for the drop. With this acquisition, JPM might steer the business it gave FMD in-house.

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