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jmodrkrk

jmodrkrk
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  • Want To Retire Before 60? Here Is What You Need To Know [View article]
    What about the sub 25 crowd with a decent amount of free capital, first home and no college debt (just a mortgage)? How does investing change for the young affluent? We may see more of this as the baby boomers grow older and pass assets on.
    May 1, 2013. 11:07 AM | Likes Like |Link to Comment
  • mREITs Facing Attack From Regulators [View article]
    Smart, you're correct. My mistake, I think I was hazily including the payroll cut extension in with the GWB rate extension. Good catch.
    Apr 26, 2013. 09:43 AM | 1 Like Like |Link to Comment
  • mREITs Facing Attack From Regulators [View article]
    you did know that those taxes went up on everyone, right, rich and poor? it was a payroll tax holiday that lapsed in 2013, put into place by GWB. not saying this is good or bad, that I'm for or against, I'm just saying your taxes did not go up because of the gov's perception of your level of wealth... all wages under ~110k got hit when the rates returned to previous levels.
    Apr 25, 2013. 05:25 PM | 2 Likes Like |Link to Comment
  • Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. [View news story]
    Well since the article was on Mortgage REITs and not Equity REITs... but I agree these are small players depite their growth in AUM relative to that of GSE's and commercial banks.
    Apr 19, 2013. 12:31 PM | Likes Like |Link to Comment
  • Magnum Hunter (MHR -17.7%) plunges at the open after disclosing it dismissed Pricewaterhouse as its auditor. MHR says PwC advised that information had come to its attention that if further investigated may have a material impact on the fairness or reliability of consolidated financial statements. [View news story]
    i love that BoD will just can any auditor that doesn't provide the opinion they want.
    Apr 17, 2013. 09:53 AM | Likes Like |Link to Comment
  • Maybe it’s no coincidence gold’s massive selloff is taking place on the same day U.S. tax returns are due, Marketfield's Michael Shaoul surmises, pointing to the need to raise cash to pay substantial capital gains due at tax filing. If sellers waited until the last day, it might have sparked selling pressure to plunge through key support at $1520; at that point, "a substantial wave of panicky selling was always likely to take place." [View news story]
    The gains from the taxable sales would have more than covered the resultant tax bill, this reads like the tax rates are over 100%. You can't have realized tax gains and need to draw money from somewhere else to pay the bill. Now, understanding that most gain proceeds are likely reinvested, I would suspect that underperforming areas would experience the most selling in an effort to harvest losses.
    Apr 15, 2013. 11:55 AM | 1 Like Like |Link to Comment
  • It's official, Herbalife (HLF) confirms that KPMG has resigned as its accountant due to issues of insider trading by a senior KPMG partner assigned to HLF's account, not due to any accounting irregularities. Shares remain halted. [View news story]
    right, the headline reads (to me) like they canned their internal accountant not an independent third party which i don't think is what they're trying to say.
    Apr 9, 2013. 12:16 PM | Likes Like |Link to Comment
  • It's official, Herbalife (HLF) confirms that KPMG has resigned as its accountant due to issues of insider trading by a senior KPMG partner assigned to HLF's account, not due to any accounting irregularities. Shares remain halted. [View news story]
    weird that the business wire reports it like that -- the paragraph following the above alludes clearly to KPMG's audits, in their function as auditor, I just found it odd that the report (and the SA headline) read as "accountant", which is true to the report.

    "None of KPMG’s audit reports on Herbalife’s financial statements for the fiscal years ended December 31, 2010, 2011 and 2012 or KPMG’s audit reports on the effectiveness of internal control over financial reporting as of December 31, 2010, 2011 and 2012 contained an adverse opinion or a disclaimer of opinion, nor was any such report qualified or modified as to uncertainty, audit scope or accounting principles."
    Apr 9, 2013. 11:35 AM | Likes Like |Link to Comment
  • It's official, Herbalife (HLF) confirms that KPMG has resigned as its accountant due to issues of insider trading by a senior KPMG partner assigned to HLF's account, not due to any accounting irregularities. Shares remain halted. [View news story]
    resigned as its auditor or its accountant? not the same thing.
    Apr 9, 2013. 11:16 AM | Likes Like |Link to Comment
  • The opening of trading of Herbalife (HLF) shares has been delayed, pending news. [View news story]
    this is why it's jokingly referred to as the big 3.5
    Apr 9, 2013. 10:51 AM | Likes Like |Link to Comment
  • Windstream (WIN +0.6%) directors Samuel E. Beall and Carol B. Armitage recently bought 30K and 1K shares, respectively. The purchases come as Windstream trades near its 52-week low amidst concerns its hefty dividend (current yield of 12.5%) isn't sustainable. [View news story]
    thanks for that -- good to see someone is doing the research, I'm guilty as charged.
    Apr 1, 2013. 09:33 PM | Likes Like |Link to Comment
  • Windstream (WIN +0.6%) directors Samuel E. Beall and Carol B. Armitage recently bought 30K and 1K shares, respectively. The purchases come as Windstream trades near its 52-week low amidst concerns its hefty dividend (current yield of 12.5%) isn't sustainable. [View news story]
    implying that this is comparable to a bank deposit is asinine, sorry. if they halved the dividend I'm sure the price would react more than the yield one would see in a year's time.
    Apr 1, 2013. 06:26 PM | 1 Like Like |Link to Comment
  • Windstream (WIN +0.6%) directors Samuel E. Beall and Carol B. Armitage recently bought 30K and 1K shares, respectively. The purchases come as Windstream trades near its 52-week low amidst concerns its hefty dividend (current yield of 12.5%) isn't sustainable. [View news story]
    those amounts are practically rounding errors
    Apr 1, 2013. 04:12 PM | Likes Like |Link to Comment
  • Airlines around the world have gone to great lengths in recent years to reduce the weight they carry, with an eye to decreasing fuel requirements and increasing profit. So if weight is such a key concern for airlines' operations, why not charge for overweight passengers as well as overweight baggage? At least one economist thinks it's a great idea. [View news story]
    haha, haters gonna hate. When I lived overseas on a military base even the civilians flew in the cargo sections of C131s, just simple cargo webbing for seating. Had to wear earplugs too, no soundproofing back there -- looking back i kindof preferred it. Could this be an idea for a new breed of discount airline? I don't know what rules the FAA places on airlines for safety or whatever, if it's even possible.
    Mar 30, 2013. 03:32 PM | 3 Likes Like |Link to Comment
  • Airlines around the world have gone to great lengths in recent years to reduce the weight they carry, with an eye to decreasing fuel requirements and increasing profit. So if weight is such a key concern for airlines' operations, why not charge for overweight passengers as well as overweight baggage? At least one economist thinks it's a great idea. [View news story]
    it's too easy for them to just raise the price on everyone uniformly and avoid all the potential moral missteps of charging the obese more (although I am all for it as someone who works hard to stay healthy thin). What about really tall people? or Infants or small children? Surely, they wouldn't accept any less. Airline pricing and competition is pretty uniform, they all raise together and don't engage in pricing wars -- pure oligopolistic competition.
    Mar 30, 2013. 12:36 PM | 1 Like Like |Link to Comment
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