Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Monday August 7 2017 Tesla is confident of selling another $1.5B in debt. Tesla says orders have averaged 1,800 per day since the July launch of the car. This parallels the development of the railroads which also consumed lots of cash in the late 180s. But there were so many railroads built to and from…
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Weekend July 29, 2017 FLS missed its expected quarterly earnings. Net earnings came in at 22 cents, half the expected 44 cents. Read the article to see how this changed the overall market capitalization. And in the when it rains it pours department or Things are blackest just before they go, pitch black A law…
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Monday July 10 2017 When the story of Tesla TSLA 1.42% is finally written, this week will be seen as a crucial juncture. On Friday, the electric car company started production on its highly anticipated Model 3, one day after its stock briefly fell into a bear market. The week’s 13% share-price decline as of…
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Monday July 10 , 2017 This report was in the WSJ today. Without the tax break on one seems interested in the Tesla. This is a drop per month of over 2,000 sales. We will also be discussing the cash flow crunch at TSLA this week. The two stories are related.
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Posted Tuesday May 30, 2017 Design, Implementation & Automation – Revenue Recognition under ASC 606 or IFRS 15While the new revenue recognition standard is an accounting-based driver for change, the impact of the standard extends across the company. A company's technology landscape, or application architecture, is a critical component of the overall assessment to ensure…
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Monday May 22, 20017 Here is the latest on SHLD. CEO Eddie Lampert is blaming the media but of course not himself for the $8 share price. Rather than invest in teh stores, he spent $5 Billion buying back shares all of which are now worth less than he paid for them. Clearly he is…
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Monday Feb 27, 2017 PwC has for years been in charge of tabulating the votes for the Oscar at the Academy Awards. This year thought PwC provided an example of what can happen when internal controls IC fail. The wrong envelope was handed to Warren Beatty and Faye Dunaway. And so La La Land was…
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Thursday Feb 23, 2017 Tesla continues to confound as Musk launches into outer Space. Meanwhile back on earth the ratios on the balance sheet confound conventional wisdom about valuations. We study financial ratios in accounting to better identify bargains or issue that are becoming too pricey. Tesla has yet to make any real money. A…
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Tuesday Feb 14 2017 A student asks about firms bending the accounting rules and yes as Spiceland puts it, passing the rules is a very political process. The lashed out at Silicon Valley for its recent departures from GAAP. Someone is always trying to 'cook the numbers' in a way to make them look better. …
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Thursday Feb 9, 2017 Twitter shares have been falling for years. And article in the WSJ today also discusses the problems. And this is so even with the most ardent fan, Trump, giving the brand free publicity every day. Just because it is social media does not mean it will be a success. We will…
Professor Elam 