Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Saturday Sept 3, 2011 Bond holders agree to a four month extension on the $538,000 payment due this past Thursday. So class, why did the bond holders agree to do this? Because if they foreclose at this point they still won't get paid and it is clear the present operating business plan does not work. The…
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Sat August 27, 2011 I promised the ACCT classes we would have some fun with the material. So let's start with one of the hottest fashion icons on the planet, Ralph Lauren RL. Click the hyper link to read this article from Fast Company, remember I mentioned the magazine in class? Do you know how to…
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Friday August 26, 2011 Here is a good look at why Apple is Apple. This is an interesting article about the Apple Management Style. The point about not missing deadlines jumped out at me. One of our textbook companies has missed getting its online book codes out in time for school to start the last couple of…
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Thursday August 25, 2011 There are laws against insider trading which are supposedly enforced by the SEC via the Justice Dept. Insider trading consists of using information only known to corporate insiders, unknown to the public to profit from forthcoming events. Now consider this series of events. Buffet sponsors economic forum for President. An…
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Monday Aug 22, 2011 Deloitte is apparently replicating the old Arthur Andersen idea of a 'college campus' AA bought an actual college campus in Chicago as a training center. Deloitte is building in Westlake TX for the same reason. There are many reasons for the success of Texas which have nothing to do with who…
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Monday Aug 22, 2011 A Vice President at Moody's, the rating service, has issued his own statement. He is saying what we all know, that the rating agency is actually a captive of the very companies they are supposed to rate. This is similar to the conflict of interest that accounting firms have, hired by a…
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Friday August 12. 2011 We study accounting to use it as an analytic tool. This allows evaluation of companies including our own. Groupon is the new start up that offers one time coupons to sample a service or product. It is planning an Initial Public Offering. The only problem, it loses even more money the bigger…
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Tues Aug 2, 2011 A large percentage of high end cars are leased. This explains why we see so many, and my earlier post about Porsche 'selling' 10,000 cars a year, about half are sold to lease car companies. This is all one big be on whether the temporary owner can flip the car to…
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Wed June 28, 2011 I am convinced that a subscription to the WSJ needs to be mandatory for all accounting and finance students. That would lead to required reading and discussion of current topics. I am also convinced that the existing accounting textbooks are about thirty years out of date. Mind numbing exercises involving odd…
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Tuesday June 28, 2011 Goldman Sachs is running the country via their chosen politicians now occupying the White House. This is nothing new but it has raised the sheer chutzpah to a new level. Note, harsh language, and for good reason in this audio clip.
Professor Elam 