Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Wed April 14 2021 One analyst says more like five rather than 100 B
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Wednesday March 10, 2021 GE stock fell after announcing a $30 B Deal to sell its aircraft leasing buseinss and a 8 – 1 reverse stock split. The reverse split will raise the stock price by $ 8x and reduce the number of shares outstanding by 1 – 8.
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Wed Nov 18 2020 The SEC will apparently insist by year end on audit oversight of Chinese companies listed on American Exchanges. Chinese companies like to list here and have shares traded. But they have resisted attempts to be audited by American firms. Looks like the SEC is going to stop that practice this year,…
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Monday Oct 19 2020 Page B 5 of today's WSJ The U.S. Securities and Exchange Commission adopted changes that relax some conflict-of-interest rules for companies and audit firms, making it easier for them to avoid violating auditor independence in certain situations. But honestly I am not sure what this means. the article says it…
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Wed October 7 2020 The SEC issued a Wells Notice to GE this past Tuesday. A Wells Notice is an intent to investigate and gives the respondent a chance to defend past actions against such an investigation. As beat up as GE has been I would not consider a 6 or 7% decline as…
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Wed July 29 220 One of the steps in Conquer Accounting The Twelve Step Method is to have a daily routine of reading the news. Consider these items today in the WSJ Ethics – former PM of Malaysia given 12 years in prison and $50 M fine the theatrical window the time a movie…
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Monday March 2, 2020 At least one analyst is still short Tesla. He notes, as I have noted, that Tesla is now facing competition from major car makers who have internal combustion vehicles to finance their electric car research. Here is an interesting quote from the article. “This cash-burning Musk vanity project is worth vastly…
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Thursday August 29, 2019 Page A 8 in today's WSJ details one of the worst corporate deals in recent history. Bayer, the company that invented aspirin, aspired to become a global crop science company. And so it bought Monsanto. Market capitalization is the price per share times the number of shares outstanding. In short what…
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Wed August 28, 2019 Trade wars are not easy to win. In fact no one wins, the consumers pay a higher tax. BMW makes cars in S Carolina which are shipped to China, now they the Chinese will pay a higher price to buy an American made product. Read the history of the…
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Wed August 28 2019 There are articles in both the WSJ and the SA EN suggesting the on again off again Art of the Deal is bringing unnecessary uncertainty to markets. After declaring he could not tell if his own appointee Jerome Powell was a bigger threat than President Xi of China. Articles today suggest…
Professor Elam 