Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Tuesday April 13, 2010 News reports would have you believe that disappointing earnings from Alcoa Aluminum brought the stock market rally to a screeching halt. The fact of the matter is that news is sort of a white noise to the stock market. Popular opinion and mood has much more to do with stock prices,…
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Sunday April 11, 2010 I suggested using Eastman Kodak for our study of price earnings ratios. Gee the price of the stock has doubled since last summer, heck it doubled since last november, why? Here is a link to their earnings picture. But more than that is going on, EK also reflects the desire of…
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Tuesday April 6, 2010 From Mish's Global Economic Trend Analysis, Los Angeles is broke. I mentioned in class that this is an excellent time to be studying equity as there is so little of it! This is serious folks. Los Angeles is in deep trouble. The situation has gotten so grim that the city controller…
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Tuesday April 6, 2010 I titled the first post on this small island, Iceland Freezes Up, Oct 9, 2008. Well seems Iceland is quibbling about the interest rate to pay off England and the Netherlands. Yes entire countries can go bankrupt as I said in class yesterday in the introduction to equity and liabilities. So…
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Tuesday April 6, 2010 We have mentioned that Nick Cage was in financial trouble, read how much trouble here. You can follow the links to view multiple cars, motorcycles, yacht, English castle, two homes in the New Orleans Garden District, and of course the ex girl friend/mom…… His financial advisor did warn him that his…
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Monday April 5 2010 The reason I write the blog is to supplement the textbooks with the context of the real business world. We are beginning our study of the equity section of the balance sheets. A few years back Eddie Lampert was hailed as the next Warren Buffet. He recognized the real estate value…
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Sunday April 3, 2010 The Washington Post reports on why Texas has weathered the real estate crisis better than other states. Seven years before 1845 would be 1838, you will recall, of course !, that the battle of the alamo and Texas Ind as a nation was achieved in 1836. The real reason that the…
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Friday April 2 2010 Here is a link to the latest TSCPA web news. It features a discussion of the Lehman findings by the BK trustee as well as EY's response, guess what they contend are innocent… As I said, mood is too positive at this point for a protracted battle, and trying to put…
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Friday April 2 2010 This firm has posted a helpful guide to the bond market, take a read!
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Thursday April 1 2010 Lynn Tilton with Patriarch Partners tried to buy Polaroid out of bankruptcy. The bid she claims she lost is explained here. And the winner is… I mentioned in class that the change in technology had caught companies like Xerox and PRD off guard, they had plenty of time but never prepared.
Professor Elam 