Accounting & Investing Info for San Antonio A & M
Monday Feb 27, 2012
Here is an interesting demonstration of how a wave pattern begins, exhausts and then begins again.
Readers are aware we study patterns in market behavior looking for clues. Last eyar stock peaked in early summer, declined into the fall and and are now back near or at July highs. Patterns repeat.Take a look at this short video, interesting eh?
Sunday Feb 26, 2012
How can this be?
What does this tell you?
Will Chrysler sell 50,000 FIat 500s this year?
Does that matter?
As I recall Ancira initially turned Fiat down on a dealership
Did Ancira know more than Chrysler?
See, accounting and marketing come together…..
Ciao!
Friday Feb 23, 2012
Drop me an e mail – first come first serve get a seat at the table
dennis.elam@tamusa.tamus.edu
Friday Feb 23, 2012
Here is the complete Bloomberg story on the Olympus Imaging Co. accounting scandal.
Ethics class take note, someone is doing their case on this story.
Friday Feb 23, 2012
JC Penny recorded a loss as it ramps up for Ron Johnson's re make of its stores. Johnson was hired from Apple and promises big changes. But Fitch downgraded JCP debt to junk as a result of losses and well more debt. JCP is selling at a much higher multiple than Kohls. Here is the story at Forbes.
Meanwhile Lampert will shed 1200 small Sears SHLDppliance stores. This will spin those traditional 'catalog' stores off in a separate offering aimed to raise cash. My take? Lampert is selling the small stores because no one will buy the big ones. I suspect the small stores, independently operated are a better bet than the large ones. They mainly sell toos and applicances, the bedrock of the old Sears. Lampert has tried to run a retail chaine like a hedge fund. He has gone thru numerous managers and CFOs. Buying back the stock does decrease shares outstanding but it fails to get anyone in the store.
Target is making money.
Fuller Brush filed for Chaper 11 BK.
I suggested becoming an expert on an industry, retail would be a good one to focus on.
thursday Feb 23, 2012
George Will analyzes what's wrong with Romney and Santorum as candidaates. This is the best summary I have read of what's wrong with this choice.
Thursday Feb 23, 2012
Most of you are unfamiliar with the Fuller Brush Man. But it was another icon of the past, selling door to door.
Bill Macy plays such a part in Door to Door.
Here is another example, like Kodak and Remington Rand and Smith Corona, of companies failing to adapt to change.
Wed February 22, 2012
I received this innovative video link from a CPA firm in New York State. Freed Maxick CPAs composed an innovative video and posted it on You Tube to promote their brand. Readers will note that just this week I mentioned using Bruce Howard's idea of developing your brand.
Speaking of which, I received this e mail by way of being named one of the Top 50 Accounting Blogs in the Country. Point is, this networking thing can pay off.
Tuesday February 21, 2012
I pasted the notice below that this blog was noamed one of the Top 50 Accounting Blogs in the USA. We look forward to incorporating the mastersinaccounting logo on tis site.
Since ProfessorElam began in September 2006, we have recorded this number of hits.
My name is Charles and I wanted to let you know that your blog was selected to our Top 50 Accounting Blogs at http://www.mastersinaccounting.info/ based on recommendations from other accounting blogs and because we think you have excellent content for people interested in accounting.
Here is our review of your blog:
"San Antonio A & M accounting students are the prime audience for this blog spiced with terms like siege mentality and chaos theory, but “Professor Elam” offers plenty of commentary with broad appeal, including the writing lessons illustrated by the best automotive writers, ethics exemplified in classic movies and headlines that demonstrate textbook accounting principles.”
We are an informational site for people interested in accounting careers and education. We feature useful resources like the top blogs, scholarship information, free online lectures, and career guides.
Tuesday Feb 21, 2012
Tucked away on page C 3 today in the WSJ is the revelation that, yes, the US nears adopting IFRS, well sort of.
In the subdued manner of tepid, lukewarm, one toe in one toe out doublespeak that only a Federal Govt Accountant can best muster, SEC Chief Acct James Kroeker suggests that he and staff are
'gravitating to ward a middle ground endorsement proposal under which IFRS would be incorporated into US rules AND US rule makes would retain the authority to evaluate future global rules for the US.'
And you thought the prejorative MUSH was just for the Iditarod Dog Race…..
Professor Elam 