Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Tuesday March 4 2014 Radio Shack will close 1,100 stores. Here is another article with a good examples of the use of accounting terms. For example, what is negative free cash? The sescond article wonders if RSH will be the next Circuit City, another electronic retailer which went toes up. In reading the second article…
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Buffett believes the economy is growing slowly. He has no plans to sell on the Ukraie situation. But no onder, after all, he does not just own shares, he actually owns most of his companies on a consolidated basis. And so when they make money, the money is his, no matter what the share…
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Monday Feb 24 2014 Tom DeMark and Tom McClellan have both looked at the chart of the market from 1929 versus today. Mark Hulbert comments on the similarities. One can see the same sort of pattern now. What do you think?
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Thursday Feb 13 2014 An alert student noticed this latest update on J C Penny. The CFO had come with Ron Johnson, now gone. Speculation swirls JCP will burnthru the cash on hand.
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Wed Feb 14 2014 I have urged students to subscriber to the WSJ. Reading will improve their contextual understanding of what we study in class. But then I have also urged students to post comments on BB about their adopted company vis a vis the current chapter we are studying. Yesterday one student asked when…
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Monday Feb 10/14 I distributed an articl form t he WSJ Heard on the Street on JCP in class, using it to demonstrate an understanding of theequity portion of the JCP developing land around their North Dallas Plano location. . JCP is postetially facing a cash crunch and will need al the income it can…
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Wed February 5 2014 JC Penny announced 2% better revenues for the 4th quarter. But the stock dropped anyway. I will be distributing an analysis in class which demonstrates why all of you should be reading the WSJ for context. The Ron Johnson Re Make Era of two years has really put JCP on the rocks.…
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Tuesday January 28, 2014 Here is an article on how to read a company's annual report. Accountants prepare annual reports, it is likely we can learn a lot about their preparation by reading such an analysis. As Buffet says, reading these reports is like compound interest, it builds with time.
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Monday January 27, 2014 From our Friends at Padgett Statemann New GAAP Alternatives on Accounting for Goodwill and Interest Rate Swaps The Financial Accounting Standards Board (“FASB”), the designated organization for establishing accounting principles generally accepted in the United States of America, (“GAAP”), issued two accounting standards updates on January 16, 2014. These…
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Monday Jan 20 2014 The exapansion of the Panama Canal was supposed to be done this year and then in 2015. But like on e of our Pentagon projects, it is beset with cost over runs. Now instead of $5.3 B the cost is estimated at $7 B. The expansion holds a lot ofpromise for…
Professor Elam 