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 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...
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...
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Marc Robins - The Robins Group Marc Robins - The Robins Group Let’s talk about the Arizona facility there in Phoenix, any thought of closing that down and moving things to Arkansas? David Bethune ...
Question-and-Answer Session Operator Operator Instructions Our first question comes from Mr. Isaac Schwartz with [Riboti] & Company. Isaac Schwartz - Riboti & Company I was just wondering how much total investment you’ve made in the consumer finance, the consumer receivables business. Stephen R. Brown Again, I’ll refer...
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Ric Prentiss – Raymond James. Ric Prentiss – Raymond James On the US side on the net adds we had modeled the TDMA system flushing out in the fiscal second quarter. I think I heard from you that its complete,...
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Matthew D. O’Connor - UBS US. Matthew D. O’Connor - UBS US You provide a lot of good detail on the reserves and asset quality by subcategory and specifically I’m looking on page 24 in the commercial breakdown, and...
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Matt McCall - BB&T Markets Matt McCall - BB&T Markets If we look at the gross margin performance I think last quarter you had talked about expectations of sequential pressure of up to 100 basis...
Question-and-Answer Session Operator Operator Instructions Our first question today is from John Heinbockel and please state your company name. John Heinbockel - Goldman Sachs Steve, a couple of things; if you look at the up-tick in ID momentum here in the last five weeks, could you talk about...
Question-and-Answer Session Operator Operator Instructions The first question comes from Michael Gaugler- Brean Murray, Carret & Company. Michael Gaugler- Brean Murray, Carret & Company Andy let’s start with the dialysis business for a moment. When I think back to some of the previous calls and discussions the...
Question-and-Answer Session Operator Operator Instructions Our first question is from the line of Jim [Harken] with Premiere Capital Management. Jim Harken - Premiere Capital Management I’d like to get a little more color on the agreement with Arcadian. When would you envision this contributing materially to revenues? Richard...
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...
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
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
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 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...