Amazon (AMZN -2.7%) opened the floodgates with its e-book pricing concession to Macmillan. The Authors Guild says at least five other major publishers will push for the same terms, forcing Amazon to raise its prices. [View news story]
AMZN has been priced to perfection .. and this should cause some defects in the most absurd earnings forecasts.
CBS (CBS +2.5%) has sold out its Super Bowl ads, with top prices topping $3M, after spending the past three weeks raising prices for the final 2-3 spots. The top prices exceed what NBC (GE) received for last year's game. [View news story]
Why not? Advertisers simply trying to capture all them Benanke Bucks being thrown out the windows. Personal Incomes up despite 8 million less people employed. You figure it out.
John Hussman: Reported Earnings vs. 'Owner Earnings' [View article]
This is preaching to the choir for me.
It was John Burr Williams with his book "The Theory of Investment Value" that contributed to Warren Buffets emphasis on owners earnings per the author of "The Warren Buffett Way."
I read "The Theory of Investment Value" myself and it too has contributed greatly to my ideology. That helps to explain my short position in AMZN and my long position in AOB.
My analysis of AOB can be seen here and helps showcase this idea of "retained earnings" as being what counts most and why I believe AOB to be such an amazing value at the current price.
American Oriental Bioengineering - A Value Investment [View article]
I don't understand how anyone would think the property purchase was a bad idea.
I would consider the property purchase an investment in the company itself. Per the CEO, at the time of the purchase, he stated: 'Our recent property purchase in the BDA is a long-term investment in AOBO which builds out our multi-functional headquarters and centralizes our management in Beijing, while deepening our presence in a very important development region focused on attracting leading pharmaceutical companies. Additionally, at a time when our significant cash position yields negative real returns, this fixed asset allocation does not constrain our financial flexibility, but rather, we believe, positions us to secure government support in various forms, such as R&D grants related to the PRC's stimulus plan as well as potential low-interest bank loans.'
4 days later, they were granted high-tech status my the ministry of finance. ".. companies with high-tech status are eligible for benefits in addition to the 15 percent tax rate, potentially including preferential treatment in obtaining other support from the government such as obtaining financial support from the PRC's special Technological Development Fund, and to receive competitive commercial bank loans and subsidized interest."
Nov. S&P Case-Shiller Home Price Index:-0.2% M/M vs. 0% prior. -5.3% Y/Y in-line with consensus and vs. -7.3% prior. This marks ~10 months of improved readings in the annual data, despite price declines in many markets in November. [View news story]
There is the top of your ski jump of artificially manipulated house prices.
Playing up his recent populist turn, Obama plans to announce today a package of new initiatives aimed at helping middle-class families, including changes in tax credits, 401Ks and student loans. [View news story]
The tried to fix prices.. it failed within 5 years.
No power was great enough to stop the disintegration.
Playing up his recent populist turn, Obama plans to announce today a package of new initiatives aimed at helping middle-class families, including changes in tax credits, 401Ks and student loans. [View news story]
In the book "Money and Man" , Elgin Groseclose writes on pg 43 referring to the Roman Empire at around 300 A.D. (Keep in mind, by this time, the money was debased to base metals with a thin coat of silver only):
"The disintegration continued and there seemed no power great enough to stop it. The Treasury was empty, agriculture prostate, industry demoralized, trade stagnant, and the only commercial activity was a maddened, consuming, parasitic speculation."
What has the US$ been debased to?
What is the level of our Treasury?
How's Detroit looking?
How much money in derivatives are there outstanding?
.. No power great enough to stop this economic disintegration.
Stocks have pitched lower over the past 10 minutes, with no apparent catalyst. Dow -1.1% to 10483. S&P -1% to 1127. Nasdaq -0.7% to 2274. [View news story]
I agree with Ryu.. Obama is pissed about the MA loss. Investors can smell the Austerity and should be scared.
Amazon (AMZN -2.7%) opened the floodgates with its e-book pricing concession to Macmillan. The Authors Guild says at least five other major publishers will push for the same terms, forcing Amazon to raise its prices. [View news story]
Dis: short
CBS (CBS +2.5%) has sold out its Super Bowl ads, with top prices topping $3M, after spending the past three weeks raising prices for the final 2-3 spots. The top prices exceed what NBC (GE) received for last year's game. [View news story]
Wisconsin's Pension Strategy Update: Disaster Looms over 'Free Lunch' Proposal [View article]
John Hussman: Reported Earnings vs. 'Owner Earnings' [View article]
It was John Burr Williams with his book "The Theory of Investment Value" that contributed to Warren Buffets emphasis on owners earnings per the author of "The Warren Buffett Way."
I read "The Theory of Investment Value" myself and it too has contributed greatly to my ideology. That helps to explain my short position in AMZN and my long position in AOB.
My analysis of AOB can be seen here and helps showcase this idea of "retained earnings" as being what counts most and why I believe AOB to be such an amazing value at the current price.
seekingalpha.com/artic...
Simple formula for owners earnings is Net Income + Depreciation - Cap Ex.
Priced against an ounce of gold, U.S. stocks remain firmly settled in a 10-year bear channel. [View news story]
Probably around the 3300 or so range, which is about the book value of the Dow
If Donald Trump has his way, orphaned Manhattan apartment complex Stuyvesant Town-Peter Cooper Village may soon be called TrumpTown. "No one has a better track record running properties," an enthusiastic Trump told the NY Post. [View news story]
American Oriental Bioengineering - A Value Investment [View article]
I would consider the property purchase an investment in the company itself. Per the CEO, at the time of the purchase, he stated: 'Our recent property purchase in the BDA is a long-term investment in AOBO which builds out our multi-functional headquarters and centralizes our management in Beijing, while deepening our presence in a very important development region focused on attracting leading pharmaceutical companies. Additionally, at a time when our significant cash position yields negative real returns, this fixed asset allocation does not constrain our financial flexibility, but rather, we believe, positions us to secure government support in various forms, such as R&D grants related to the PRC's stimulus plan as well as potential low-interest bank loans.'
4 days later, they were granted high-tech status my the ministry of finance. ".. companies with high-tech status are eligible for benefits in addition to the 15 percent tax rate, potentially including preferential treatment in obtaining other support from the government such as obtaining financial support from the PRC's special Technological Development Fund, and to receive competitive commercial bank loans and subsidized interest."
www.irpage.net/aob/rel... Read the news from January 2009.
Amazon.com (AMZN): Q4 EPS of $0.85 beats by $0.13. Revenue of $9.5B (+42%) vs. $9B. Shares -5.5% AH. (PR) [View news story]
Dis: short
The Senate votes 77-23 to end debate on Bernanke nomination, which proceeds to an immediate (and almost surely successful) confirmation vote. [View news story]
Nov. S&P Case-Shiller Home Price Index: -0.2% M/M vs. 0% prior. -5.3% Y/Y in-line with consensus and vs. -7.3% prior. This marks ~10 months of improved readings in the annual data, despite price declines in many markets in November. [View news story]
The De leveraging continues....
Playing up his recent populist turn, Obama plans to announce today a package of new initiatives aimed at helping middle-class families, including changes in tax credits, 401Ks and student loans. [View news story]
No power was great enough to stop the disintegration.
Playing up his recent populist turn, Obama plans to announce today a package of new initiatives aimed at helping middle-class families, including changes in tax credits, 401Ks and student loans. [View news story]
"The disintegration continued and there seemed no power great enough to stop it. The Treasury was empty, agriculture prostate, industry demoralized, trade stagnant, and the only commercial activity was a maddened, consuming, parasitic speculation."
What has the US$ been debased to?
What is the level of our Treasury?
How's Detroit looking?
How much money in derivatives are there outstanding?
.. No power great enough to stop this economic disintegration.
j2 Global: Plenty of Excess Cash for a Dividend, So Why Not? [View article]
Harley-Davidson (HOG): Q4 EPS of -$0.63 misses by $0.31. Revenue of $765M (-40%) in-line. (PR) [View news story]
Stocks have pitched lower over the past 10 minutes, with no apparent catalyst. Dow -1.1% to 10483. S&P -1% to 1127. Nasdaq -0.7% to 2274. [View news story]