Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Monday May 14, 2012 Jesse has some great observations and links on how Jamie Dimon loobied for a loophole that allowed JPM to engage the the 'hedges' that promptly lost the bank $2 B. Like Jim Rogers, I frankly wonder if Jamie Dimon and Blythe Masters really know what they are doing. Certainly not this time. …
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Wed May 9, 2012 For sure, Steve Ballmer is not Warren Buffet. Here is a look at MSFT acquisitions, a pretty ragged track record. This helps explain why MSFT stock has been stuck in a narrow trading range for years.
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Monday / April 30, 2012 Business nsider takes a look at the announced investment of $300 M by MSFT into a Barnes and Noble spinoff. Is this the desperate marrying the hopeless as they suggest? Mergers occur when markets are high as they are now. And both companies have terribly lagged the digital revolution, remember Zune?…
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Monday April 23, 2012 7:02 AM CST Off balance sheet unfunded liabilities continue to mount. Here is a story on how Kansas City is having to cover revenue shortfalls in the KC Power nad Light Development downtown. Heard on the Street reports on the Multi Headed Pension Monster.Here multiple companies promise to fund pensions for various workers. A…
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Monday April 23, 2012 We noted that the original door to door sales firm of Fuller Brush took bankrutpcy just a few weeks back. Now Avon sales per representative have fallen 75% over the past ten years. The reason is internet shopping. Now Coty has an unsolicited bid to buy AVP. This just makes it harder…
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Thursday April 19, 2012 Here is the latest on the estimate of FB and instagram valuations.
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Thursday April 19, 2012 6:40 AM Last night in Intermed I I observed that a common complaint about American markets is the focus on short term results. I mentioned that San Antonio's own Sam Barshop the founder of La Qinta, complains of the same thing. As he observes one quarter is not a good measure…
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Wed April 18, 2012 11:03 AM CST Social mood becomes inclusionary at market highs. Positive mood results in a desire to 'come together.' Jim Rogers observes that most of these deals never work ou, the competing cultures, the lay offs, what ever, and indeed the goodwill paid is often written off a few years later.…
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Wednesday April 18, 2012 The CEO of CHK has borrowed $1.1 B from his own company. The money is used so that he can invest a 2.5% interest in the company's own wells. He and the company claim there is no conflict of interest. Ge looks like a sort of related party loan to me! What do…
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Tuesday April 17, 2012 Avon AVP Coty has anounced it has lined up $5 billion in equity financing and is confident of another $9 B in debt if need be. This regards its unsolicited bid for AVP. Above the stock is in play, note the jump from 19 to the offer at 23.25. AVP of course wanted…
Professor Elam 