Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Monday Feb 11 2013 Coach listed on the Hong Kong Exchange in 2011. London Boasts, , List here no SARBOX. Here are examples that more regulations are simply sending US companies to list on other exchanges. The London presentation makes the case that the NYSE is more of a domestic than international exchange. Is…
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Tuesday Feb 4 2013 Barry Rtiholtz notes that DELL has spent as much on stock buy backs as it has made lately. Another Article notes, Shareholders Finally Out of Their Misery. Please read these articles for class. There is much to learn in terminology. There is also much to discuss in terms of ethics, who…
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Monday Feb 4 2013 There is a lo to learn from reading about Dell going private.
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Tuesday january 22 2013 Dodd Frank was supposed to cut down on the kind of excess specuation that led to the 2008 meltdown. But A Tale of Two Insurers tells the story of two insurance companeis that had to sell their banks. Otherwise they would be subject to two totally different sets of regulations. Accountants are…
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Sat January 19 2013 We will shortly study time value of money and cash flow statements. That is the subject of this article, What's Dell Worth? The article demonstrates a grasp of both financials statements, revenue, and time value. A great example of what we are doing in class.
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Thursday January 17 2013 As Jim Rogers observes most acquisitions do not work out. Rio Tinto has taken a $14 B writedown over its disastrous acquisitions prior tothe crash of 2008. We study accounting to learn about impairment tests and charges. Here is an example of someone doing something just to do something, never a…
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Wednesday Nov 28 2012 SNE PC and Sharp have had their debt ratings lowered to junk or below junk levels. All are suffering from losses in their tv divisions. Samsung from Korea has become a strong competitor. Panasonic has suspended its dividend and announced its biggest loss ever, $9.28 billion. Sharp may be in danger…
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Friday Nov 23 2012 Rich Kalaaard looks at Apple. Pleae read this article as Rich does a fine job of showing how in just five years the profit margins on the iPhone have valuted Apple past the 1999 valuation of MSFT. It won't last he says. Rich holds the title of Publisher of Forbes.
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Wednesday Nov 21 2012 Another reason to study accounting is to gain the ability to analyze a set of books, auditing or assurance it is called. Now HP claims it was duped. It paid just over $11 billion for the British software maker which just began in 1996. Now HP claims hardware sales were booked as software…
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Tuesday November 13 2012 Forty five days and a 20% drop in the price of Apple have shown that social mood towards the stock has drastically changed. This article lists the reasons. Subt social mood changed first! Typiically bargains happen amid negative news. This article calculates a P/E of 5 for 2014! The analyst has in…
Professor Elam 