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FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate... More
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  • Blog Watch: The Political Prophet On Obamacare Rollout

    - Socio-Political Commentary -

    October 22, 2013 (FinancialWire) (Via Investrend Syndications) (By "The Political Prophet"®) -- Editor's note: Socio-political events and developments have a direct impact on the market. In the interest of providing shareholders and investors with a broad spectrum of information in regard to such potentially influential occurrences, FinancialWire™ contributor, "The Political Prophet"®, offers advanced insight with potential ramifications for virtually the entire market spectrum. Perhaps best represented in the following post are bellwether ETFs such as the Health Care Select Sector SPDR ETF (NYSE: XLV) and the iShares U.S. Healthcare ETF (NYSE: IYH).

    "Taxpayers Shouldn't Pay for the Obamacare Mess"

    Overview: President Obama's healthcare act was conceived to achieve political goals. It was born secretly, in the dark of night with no public or Republican input. It was so secret, in fact, that Speaker Pelosi "had to pass it to find out what was in it". Republicans didn't get to study it in advance and not one in the House or Senate voted for it. It has been amended not in public view by the Congress but by extra-constitutional backdoor deals orchestrated again in secrecy for political reasons. To keep everything secret during the Obama re-election campaign, software development was largely postponed until this year. He positioned the IRS to be the investigators/enforcers to create public fear of challenge and so his political operatives can access private information. The roll-out failed because of the cumulative effect of politics, politics, politics and secrecy, secrecy, secrecy. Now Obama is demanding that the taxpayers, most of whom are middle class Americans, pay for overtime to fix the mess he created by being obsessed with politics. That is not fair.

    We Recommend: Everyone, including Democrats, should demand fair play throughout Obamacare. That should begin with Obama's political fund paying for the total cost of these "fixes". His political obsession caused the problem and his political money should pay to fix it. To be safe, Congress should audit these reimbursements to make sure Obama's political dollars are used to pay all of these costs. Additional fairness would be achieved if Congress would remove the element of force and let participation in Obamacare be voluntary. Freedom works!

    We Predict: Obama will continue to play politics with our healthcare and will try to force us, as taxpayers, to pay for the repair to try to get it to work. Winning reimbursement for the taxpayers and securing freedom for Obamacare participants will give Sen. Ted Cruz and others a truly noble objective that is also achievable.

    Original Post at www.thepoliticalprophet.com/recent-predi.../).

    POLITICAL PROPHET®* The Ultimate Insider Insight

    Reporters tell us what happened yesterday. Pollsters tell us what is happening today. The POLITICAL PROPHET®tells us what is most likely to happen in the future. Our elite team of political strategists with Presidential campaign experience provides analytical predictions that tend to be more precise than offerings from those who have never been "in the arena". To assure objectivity, team members are not currently consulting with individual candidates but our Predictions often provide valuable strategy insights for party leaders, candidates, staff, contributors, campaign professionals, journalists and investors.

    *The Political Prophet® and all derivatives of The Political Prophet® in any form are registered trademarks of The Political Prophet® and are subject to proprietary trademark, intellectual property and copyright Laws. Copyright ©, The Political Prophet®, All rights reserved.

    FinancialWire™ is a fully independent, proprietary news wire service. FinancialWire™ is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Contact FinancialWire™ directly via inquiries@financialwire.net. Copyright © MMXIII, FinancialWire(tm); All rights reserved.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Oct 22 9:52 AM | Link | 1 Comment
  • Perry Ellis, Callaway Golf Expand Agreement

    April 11, 2012 (FinancialWire) -- Perry Ellis (NASDAQ: PERY) said it has amended and expanded its existing license agreement with and Callaway Golf (NYSE: ELY).

    The original collaboration was for Perry Ellis to generally design, manufacture and distribute apparel and related accessories with Callaway.

    Under the new terms, Perry Ellis will now assume all Callaway distribution channels in the western hemisphere including sporting goods, national accounts, green grass, tournaments, specialty golf stores, and e-commerce channels.

    Perry Ellis International (approx. market cap. US$ 275 mil.), engages in designing, sourcing, marketing and licensing apparel products for men and women in the United States and internationally. It was formerly known as Supreme International Corporation and changed its name in June 1999. The company was founded in 1967 and is headquartered in Miami, Florida.

    Callaway Golf (approx. market cap. US$ 425 mil.), together with its subsidiaries, designs, manufactures and sells golf clubs and golf balls. It sells its products principally in the United States, Europe, Japan and rest of Asia. The company was founded in 1982 and is headquartered in Carlsbad, California.

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    RELATED ARTICLES:

    Cal Dive Pursuing Offshore Wind Venture (at http://www.financialwire.net/issues/2012_04/11/dvr-offshore-wind.htm)

    Resolute, Navajo Nation Solidify Partnership (at http://www.financialwire.net/issues/2012_04/11/ren-navajo-venture.htm)

    ORIGINAL ARTICLE: http://www.financialwire.net/issues/2012_04/11/pery-ely-liscense.htm

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    INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

    Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279).

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    FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Copyright (C) MMXII, FinancialWire(tm); All rights reserved.

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    Stocks: Perry Ellis International Inc. (NASDAQ: PERY) / Callaway Golf Company (NYSE: ELY)

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: PERY, ELY
    Apr 11 4:24 PM | Link | Comment!
  • Resolute, Navajo Nation Solidify Partnership

    April 11, 2012 (FinancialWire) -- Independent oil and gas company Resolute Energy (NYSE: REN) said it has entered into two transactions regarding its interest in the Greater Aneth field, in Utah, through which Resolute and Navajo Nation Oil & Gas will consolidate their interests in the field "to strengthen and clarify their strategic relationship."

    In the first transaction, Resolute reportedly entered into an agreement with affiliates of Denbury Resources, pursuant to which Resolute and Navajo Nation acquired all of Denbury's interests in Aneth Field for total cash consideration of $75 million. The working interests, located in the Aneth unit and the Ratherford unit, were acquired by Resolute and Navajo on a 50%-50% basis and were the last significant ownership interests in the field that were not owned by Resolute and Navajo Nation, according to Resolute.

    Along with the Aneth-Rutherford transaction, Resolute and Navajo Nation also reportedly entered into an amendment to a cooperative agreement. Among other changes, the amendment allowed Navajo Nation to exercise an option to purchase 10% of the interest owned by Resolute in the Greater Aneth field before giving effect to the Denbury transaction.

    This purchase option was exercised for a cash consideration of $100 million, according to the companies.

    Resolute Energy Corp. (approx. market cap. US$ 630.1 mil.) engages in the acquisition, exploration, exploitation and development of oil and gas properties in the United States. The company is based in Denver, Colorado.

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    RELATED ARTICLES:

    Cal Dive Pursuing Offshore Wind Venture (at http://www.financialwire.net/issues/2012_04/11/dvr-offshore-wind.htm)

    Perry Ellis, Callaway Golf Expand Agreement (at http://www.financialwire.net/issues/2012_04/11/pery-ely-liscense.htm)

    ORIGINAL ARTICLE: http://www.financialwire.net/issues/2012_04/11/ren-navajo-venture.htm

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    INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

    Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279).

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    FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Copyright (C) MMXII, FinancialWire(tm); All rights reserved.

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    Stocks: Resolute Energy Corporation (NYSE: REN)

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: REN
    Apr 11 4:22 PM | Link | Comment!
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