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StreetInsider.com Insiders' Edge Newsletter 01-22-09

 StreetInsider.com - Insiders' Edge
Thain Spent Millions Fixing-Up His Office? WTF!

In Charlie Gasparino's Daily Beast column, Charlie reveals how Merrill Lynch’s CEO, (now owned by Bank of America (NYSE: BAC)), spent over $1 million to redecorate his office last year. Are you kidding me?

In early 2008, just as Merrill's CEO John Thain was preparing to cut expenses, eliminate thousands of jobs and exit businesses to save the dying Merrill Lynch, Thain was also spending embarrassing money on the redesign of his office

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Ratings To Watch - Hershey (HSY)

Citi upgrades Hershey (NYSE: HSY) from Hold to Buy On Better Chocolate Trends. Price target $39.

Citi analyst says, "Our analysis of recent takeaway trends at retail suggest significant improvement happening at Hershey's driven by significant increases in advertising spending and consumer trade-down to less expensive chocolate... MORE

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