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The Shareholder

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  • SAP (SAP) has developed a one-stop shop scouting database for the NFL that aggregates and sorts all the data which teams use to pick players. The San Francisco 49ers already deploys the software despite it still being in development. Should the product be successful in football, SAP hopes to transfer it to other sports as it looks to gain a new and potentially large revenue stream. [View news story]
    I wonder how their engineers do at fantasy football?
    Mar 10, 2013. 09:05 AM | Likes Like |Link to Comment
  • General Electric (GE) files a mixed securities shelf registration to sell, from time to time, shares of common stock, debt Securities, preferred stock, warrants, or any combination thereof. Shares -0.5% AH. [View news story]
    Considering they just sold NBCUniversal to Comcast and indicated they wanted to buy back stock, this has upcoming large acquisition written all over it.
    Feb 26, 2013. 06:38 PM | 2 Likes Like |Link to Comment
  • Building A Better Retirement With Dividend Income [View article]
    If you have a taxable investment account in addition to your IRA, you can elect to take an "in-kind" distribution of shares from your IRA to the taxable account. The value of the shares transferred counts towards your RMD amount. The RMD withdrawal isn't too bad at the beginning, being roughly 3% of your IRAs value.
    Feb 19, 2013. 10:38 PM | 3 Likes Like |Link to Comment
  • Apple (AAPL) is indeed thinking of selling an iWatch, both the NYT and WSJ report. Sources claim Apple is experimenting with iOS-based watches made of curved glass, and has discussed the matter with Foxconn. If an iWatch ever arrives, there's a good chance it will use Corning's (GLW) Willow Glass, which was created with bendable displays in mind. Former Apple UI designer Bruce Tognazzini recently predicted an iWatch will arrive, while providing a long list of apps/services it might support. [View news story]
    I think the idea for this came when an engineer looked at his 1980s calculator watch and wished it had a graphing function. Suddenly an idea was born...
    Feb 10, 2013. 04:40 PM | 2 Likes Like |Link to Comment
  • Jos. A. Bank Clothiers (JOSB) leaks that "net income for fiscal year 2012 is expected to be approximately 20% lower than net income for fiscal year 2011," just a week before the end of the FY. CEO R. Neal Black says Q4 went slowly, impacted by Hurricane Sandy, unseasonable warmth and "distractions" from the presidential election and fiscal-cliff talks. Despite disappointing Y/Y results, the quarter and year will be "very profitable." [View news story]
    I want to hear the press release read in the voice of the guy who does their commercials.
    Jan 25, 2013. 09:34 PM | 3 Likes Like |Link to Comment
  • Online international money transfer service Xoom is filing for a $50M IPO under the ticker XOOM. Xoom, which competes most directly with Western Union (WU) and Moneygram (MGI), is stocked with ex-PayPal execs and saw $3.25B worth of gross sending volume in 2012 (up over 3x Y/Y). It generated revenue of $57.8M (+68% Y/Y) over the first 9 months of 2012, and a net loss of $4.4M. Xoom's filing comes at a time when PayPal and Moneygram are drawing closer. (S-1[View news story]
    Got to remember to check e-mail spam filters. Xoom was the name of the web company that used mass e-mail to sell clip art to people. Xoom was eventually rolled up into GE's internet unit, NBCi.
    Jan 11, 2013. 04:42 PM | Likes Like |Link to Comment
  • DRIP Investing: How To Actually Invest Only A Hundred Dollars Per Month [View article]
    Sharebuilder allows you to select receiving your dividends as either cash or having them reinvested into additional shares of the paying company. Check you account settings to see what option you have selected. As far as small, regular purchases go, Sharebuilder charges $4 for each purchase. If the $4 is too large a percentage of the amount invested and you are buying multiple stocks, try staggering the purchases so that all of one payment goes into one stock, all of the next payment goes into the next, and so forth.
    Jan 6, 2013. 08:17 PM | Likes Like |Link to Comment
  • Royal Dutch Shell (RDS.A) (RDS.B) announced the pound sterling and euro equivalent dividend payment of $0.43/share for Class A and Class B shares. The board declares dividend on Class A and B shares will be paid in euro at €0.3333/share or in pound at £0.2686/share. The dividend will be payable on Dec. 20, to shareholders on record of Nov. 16. (PR[View news story]
    No, Nov. 16 is the correct date. Shell declares its dividends in terms of US dollars, even though it is a foreign firm. The company waits until just before making its dividend payments to announce the dividend rate for € and £ recipients to obtain the most recent exchange rate. Shell's dividend policy can be found here: http://bit.ly/XAuvgt
    Dec 7, 2012. 09:01 PM | Likes Like |Link to Comment
  • In a symbol of anticipated soaring Asian gas demand in coming decades, Royal Dutch Shell (RDS.A, RDS.B) will move the headquarters of its gas business to Singapore from Europe. Shell is mulling more Asian LNG projects akin to the $10B Prelude vessel - "the largest object man has ever built that floats" - and is considering projects which could almost double its current capacity to produce the fuel. [View news story]
    This is even more interesting considering RDS.A is planning to soon produce more gas than oil.
    Dec 5, 2012. 09:54 PM | Likes Like |Link to Comment
  • Trying to stay off the "front page," Bank of America (BAC) nixes plans for new checking-account fees set to ht about 10M customers by year's end. These customers - small balances, don't take out loans - cost the bank roughly $200/year. Back of envelope: That's $2B in losses vs. total income of $5.4B over the last 4 quarters. "Our strategy is to give our customers reasons to do more business with us," says co-COO David Darnell. [View news story]
    Thanks for the clarification.
    Dec 1, 2012. 02:41 PM | Likes Like |Link to Comment
  • Trying to stay off the "front page," Bank of America (BAC) nixes plans for new checking-account fees set to ht about 10M customers by year's end. These customers - small balances, don't take out loans - cost the bank roughly $200/year. Back of envelope: That's $2B in losses vs. total income of $5.4B over the last 4 quarters. "Our strategy is to give our customers reasons to do more business with us," says co-COO David Darnell. [View news story]
    That's PR math. $5.4 Billion in profits is not BAC's normal level of profitability (and therefore $2B in annual losses on these accounts isn't as big a sinkhole as it looks). There are some other fees these accounts can potentially generate that make back a huge portion of this amount (think interchange fees on debit transactions from accounts that are paid on the merchant end of a transaction and returned check fees).
    Dec 1, 2012. 11:05 AM | 2 Likes Like |Link to Comment
  • BP (BP +1%) shares have pulled back after the company announces its Gulf spill settlement includes $4B to the DOJ to end all criminal charges, plus another $525M to settle charges with the SEC. BP expects the resolution to result in an increase of ~$3.85B to the $38.1B charge taken against income as of the end of September. [View news story]
    This is just a settlement of criminal charges (the big money is in the civil case). BP walks away paying a big fine, but most importantly for the company its licenses remain in tact and there doesn't appear to be much in the way of restrictions on future exploration within the US.
    Nov 15, 2012. 10:41 PM | Likes Like |Link to Comment
  • The Quest For 100% Yield On Cost [View article]
    Yield on cost is one of the metrics that makes me feel good when looking at my holdings. Looking at non-traditional metrics can put stock ownership in perspective.

    One of my favorites looking at how many customers my shares represent. For example, 100 shares of Walmart represents about 160 paying customers. At about seven feet per customer to account for carts and shoppers' bodies, that line would be over a third of a kilometer long. The next time you stand in line, imagine 160 customers in front of you and recognize that an owner of 100 shares is getting all the revenue and profits from that line.
    Nov 10, 2012. 07:32 PM | 1 Like Like |Link to Comment
  • Getting The Questions Right [View article]
    I want to throw into the ring adjustments made for quality of goods purchased. If a hypothetical good is 10% better than the previous version, and is priced 10% higher than the previous version, then for calculating inflation everything is still even. To the person buying the good, they are laying out an additional 10% over their old spending level. I know there are models employed to provide an estimate of how quality adjustments affect pricing, but there still seems to be a disconnect between the models and the anecdotal experiences of consumers.

    I think an improved ability of branded products to extract price increases (mentioned in another comment to this article) could be another factor as well.
    Nov 10, 2012. 06:41 PM | Likes Like |Link to Comment
  • Who Is The World's Biggest Dividend Investor? [View article]
    I don't think there has been much in the way of buybacks. Berkshire filed its latest quarterly report with the SEC last week, and it shows an increase in shares outstanding. After adjusting for the conversion ratio between A and B shares, there are the equivalent of 1,733 more class A shares outstanding than at the same point last year.
    Nov 6, 2012. 12:05 AM | 1 Like Like |Link to Comment
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