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  • Cargill unit reports big stake in Freddie Mac preferred [View news story]
    Symbol for this particular issue is FMCCH (CUSIP 313400855). Par value is $50.
    Apr 10 04:12 PM | Likes Like |Link to Comment
  • Wal-Mart bribery probe costs pile up [View news story]
    Nearly half a billion dollars?
    Mar 27 09:19 AM | Likes Like |Link to Comment
  • MasterCard Is Losing Momentum [View article]
    V and MA have a significant force working in their favor: the need to use small amounts of credit. Using bitcoin or other virtual currencies works fine as long as you are dealing in all cash transactions with parties who wish to use that currency. V and MA's main purpose is to facilitate the many small variables that accompany a transaction. If a customer wants to purchase on item on credit, a loan is needed. Either the merchant can sell on account (not a situation a merchant wants to be in), or be paid in full while the consumer secures a loan elsewhere. Mastercard is one of the companies that allow instantaneous loans to be made at the point of sale. Billing, collections, and the whole back office part of servicing the loan is handled by the payment networks and the banks making loans. These are not features seen with virtual currencies. The few times something like this is seen in virtual worlds, it is a more costly version of what V/MA have already built.

    Additionally, the ability to instantly convert currencies is something that MA/V networks are very adept at. If a customer wants to pay me in bitcoin, I need to want bitcoins in exchange in order to process the transaction. By introducing a bank, I can get paid in my local currency while the consumer is billed the equivalent amount in his own currency. The payment network of V/MA takes care of arranging a bank to make the conversion instantly at the point of sale. Should Bitcoin grow to be a generally accepted currency, it wouldn't take much to integrate it as just another currency conversion option in the V/MA networks.

    The point is that V/MA make all the extra contingencies of doing business seamless by integrating all the other services of the banking system.
    Mar 25 10:09 AM | 6 Likes Like |Link to Comment
  • Disney buying Maker Studios for up to $950M [View news story]
    Amazing considering DIS purchased LucasFilm (Star Wars) for $4 billion recently. A series of YouTube channels for 1/4 the price of Star Wars!
    Mar 24 10:09 PM | Likes Like |Link to Comment
  • Fox to bring Charlie Brown and friends to big screen [View news story]
    Keep an eye on Iconix Brands after this. They own the rights on Peanuts characters.
    Mar 18 01:04 PM | Likes Like |Link to Comment
  • Krispy Kreme Doughnuts misses by $0.01, misses on revenue [View news story]
    Increased share repurchases and giving the go-ahead for new store format after seeing test-location results.
    Mar 12 04:26 PM | Likes Like |Link to Comment
  • Biolase management faces proxy fight [View news story]
    BIOL did indeed hit $17.25 in 2004 (adjusted for BIOL's small split). It stayed at or above that level for much of the first quarter of 2004 and finally fell through it for good on April 24, 2004.

    Oracle Partners is the group that recently purchased shares in a private placement.
    Mar 11 09:18 PM | Likes Like |Link to Comment
  • Walter Energy: Weak Met Coal Market Remains A Hurdle In The Road To Recovery [View article]
    I stand corrected.
    Feb 26 01:41 PM | Likes Like |Link to Comment
  • Walter Energy: Weak Met Coal Market Remains A Hurdle In The Road To Recovery [View article]
    From the Q&A of last week's conference call, management indicated the primary sale (or joint venture) target is the Canadian assets. The port in Mobile was thrown out there as another item. Management said they are looking for better prices than what potential buyers have so far offered. The period to watch for movement on the sales/refinancing is June 2014, when the loan covenants come into play.
    Feb 25 02:16 PM | Likes Like |Link to Comment
  • Fidelity revokes Bitcoin investment [View news story]
    I hope others catch how funny this comment is.
    Dec 12 10:41 PM | 1 Like Like |Link to Comment
  • Realty Income - Scared Money Never Wins [View article]
    The low rating from Schwab's automated system comes from the way REITs report net income. Net income is heavily weighted in the model and appears very low (huge depreciation charges and other items), but dividends are paid from FFO. FFO is the metric most REITs are judged by.
    Nov 22 10:28 PM | Likes Like |Link to Comment
  • Gold sell-off tied to single trade: Nanex [View news story]
    That's 17 tons moved in one order.
    Oct 11 02:07 PM | 5 Likes Like |Link to Comment
  • Coca-Cola (KO +0.1%) authorizes a new 500M share repurchase program, set to begin when its current plan is completed. The company says its guidance for $2.5B-$3.0B in buybacks for this year remains intact. [View news story]
    500M share buyback sounds so much smaller than $19 billion buyback. I just wish they could do this at a P/E of 10 instead of near 20.
    Oct 18 04:36 PM | Likes Like |Link to Comment
  • The Affordable Care Act actually discourages small businesses from growing, says's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    Find the companies that cater to businesses just under 49 employees in size (PAYX comes to find).
    Jul 6 07:58 PM | 2 Likes Like |Link to Comment
  • "When I see Goldman Sachs (GS) pull back risk that much that quickly, I get a little anxious about what could be around the corner," says Nomura's Glenn Schorr. Goldman's "value at risk" (VAR) fell to its lowest level since before the financial crisis, it reported yesterday - this despite Q1's rally in risk assets.  [View news story]
    VAR is an estimate of how much a portfolio would lose in a worst case scenario.
    Apr 18 01:44 PM | 3 Likes Like |Link to Comment