Richard Shaw QVM Group submits: Executive compensation and board largess with high paid executives is a hot topic recently. That spurred us to look comprehensively at some factual comparative data on the total cost of boards of directors and top executive teams among the S&P 500 companies (proxy SPY...
Michael Stokes submits: Warning: these results might fly in the face of generally accepted wisdom. A “fact” commonly repeated by stock market pundits is the idea that traders should be wary of holding positions over the weekend. As the idea goes, a lot can happen from Friday’s close until Monday’s...
Edward Hugh submits: Spain's Services Sector Contracted Sharply Again in July The euro zone's services sector slid further into contraction in July, hitting a five-year low, while inflationary price pressures remained near record levels. Final data in the monthly PMI survey of private sector companies showed that of the big...
Andrew Snyder submits: The equities market reminds me of a girl I used to date. Her mood could change faster than an afternoon breeze. One minute the world was grand, the next she was spewing fire from her nostrils and chasing me with a pitchfork. Fortunately, there were...
FP Trading Desk submits: Private equity firm The Blackstone Group BX is paying $750-million to buy security personnel firm AlliedBarton Security Services, saying it was attracted by strong fundamentals in the sector. The purchase price for the third largest U.S. physical security provider values privately-held AlliedBarton at 8.3 times...
Question-and-Answer SessionOperator (Operator's instruction) Mr. Stuart will not be accepting questions regarding Kansas gaming. Clark Stewart Jim, we do not have any questions. Jim Drewitz Clark if there are no questions, I think you should thank everyone for participating and we will catch up with them...
Question-and-Answer Session Operator (Operator’s Instruction) Your first question comes from Steve Crowley - Craig-Hallum. Steven Crowley – Craig-Hallum Capital Group LLC Question for you, obviously it seems like your Animal Safety business is firing on some more cylinders versus last...
Question-and-Answer Session Operator Operator Instructions Your first call comes from Michael Hall - Stifel Nicolaus. Michael Hall - Stifel Nicolaus & Company Can you give a little extra color as to where exactly the rigs are being drilled? Steve Dixon We will not kind of give you...
Question-and-Answer Session Operator Operator Instructions Our first question comes from C. Patrick Scholes – Friedman, Billings, Ramsey & Co. C. Patrick Scholes – Friedman, Billings, Ramsey & Co. I know certainly with your limited visibility my question may be difficult to answer but can you just give...
Question-and-Answer Session Operator Operator Instructions Your first question comes from [Alim Talmud] – Boston Partners. Alim Talmud – Boston Partners First of all, you’ve got Detroit and Seven Hills and Seven Hills should incrementally add over $12 million , $12 millionish. Then Detroit should add something,...
This week's wild events have left me fielding many questions. I rely heavily on the following resources: Charles Kindleberger, Manias, Crashes and Panics: A History of Financial Crises, 1978. I taught from Kindleberger's International Economics, the standard textbook at the time (1970s when I was teaching). After his retirement, he...
Question-and-Answer Session Operator Operator Instructions We do have a question from a private investor, Andrew [Carron]. Andrew Carron - Private Investor It’s a good quarter. You know, we were all looking for -- $0.01 a share looks pretty good. Profit would have been nice -- $200,000, that’s...
Edward Hugh submits: German business and consumer confidence fell more than economists forecast in August, raising the likelihood that Europe's largest economy may now be steadily slipping into a recession. Business Climate Worsens In August by Edward Hugh
Chris Fernandez submits: It’s been about two months now since I advocated selling your full position, if you had one, in SoundBite Communications (NASDAQ: SDBT), a provider of on-demand customer contact solutions. In those couple of months I’ve had time to reflect upon what went wrong with my investment thesis...
Michael Shedlock submits: The Telegraph is reporting Chancellor raises stamp duty threshold to £175,000. Buyers of homes worth up to £175,000 will not have to pay stamp duty, Alistair Darling has announced, as he promised the country would "get through" the economic downturn. by Michael Shedlock
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Colin Devine - Citigroup. Colin Devine - Citigroup I was wondering if you could provide a little more guidance on securities lending. If markets stayed locked where we are today, what would that do to your earnings next...
Kathy Lien submits: ECB President Trichet’s lack of commitment towards future monetary policy has led to little volatility in the Euro. After leaving interest rates unchanged at 4.25 percent, Trichet explicitly said that he has “no bias.” However based upon the number of times he used the...
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Matt Sheerin – Thomas Weisel Partners Matt Sheerin – Thomas Weisel Partners On the gross margin the design win revenue is up 19% year-over-year which is very strong, but obviously the margin was down because...
Question-and-Answer Session Operator Operator Instructions Your first question comes from Matthew O’Connor – UBS Securities. Matthew O’Connor – UBS Securities Just to clarify, on page 11, the $74 billion of accumulative losses and markets value adjustments, that’s a pre-tax number, correct? Howard I. Atkins Correct. Matthew...
Andrew Horowitz submits: Last year, 5 positions were recommended from a screen we created to provide a simple way to seek out stocks that may be considered value investments but have superior earnings growth characteristics. The results/performance of the 5 positions with the highest EPS Growth estimated for next...