MF Global, Chemists or Criminals?
Published January 30, 2012 6325 Views
Are you kidding me?
MF Global Funds Feared "Vaporized" WSJ 1/30/2012 (subscription req'd).
What does that even mean? Vaporized!? Was there some type of chemical experiment conducted with MF Global's clients' money? I bet the clients never authorized that experiment. This story line would actua...
Kodak's Day in Court
Published January 26, 2012 6377 Views
We have been saying at our Community Resource Meetings that Kodak's management may have a bumpy road in bankruptcy. Specifically, there are signs that the bondholders, represented by Akin Gump & Strauss, may challenge Kodak's management and possibly ask the court to throw out the senior management t...
Kodak Roundup
Published January 23, 2012 6695 Views
As the sun rises on Kodak's first full week in Chapter 11 bankruptcy protection, many questions are being answered, and a few ones are being raised.
A Q&A piece issued by Eastman Kodak after their bankruptcy filing has stated clearly that current and former employees who have a balance in Koda...
The Importance of Emotional Detachment
Published January 20, 2012 6244 Views
While I pride myself on the relationships I develop with each and every one of my clients, I also pride myself on my emotional detachment I maintain in my investment philosophy. A great example of the benefits of staying the course and sticking with the plan, rather than making emotionally based inv...
We're Going West
Published January 20, 2012 6642 Views
With over 25,000 Kodak retirees residing in the town of Greece, Brighton Securities is taking our Kodak Community Forum to the west side next week. At the request of Senator Robach and Assemblyman Reilich, we'll be hosting a forum to answer your questions and address your concerns about Kodak's...
Bankrupt
Published January 19, 2012 7179 Views
Kodak, bankrupt. How can it be? Who would have thought, ten years ago - even a year ago - that this would come to pass. And yet here we are. Our firm has been busy holding Community Resource Meetings for Kodak employees and retirees, helping to provide clear information at a time when rumor, half-tr...
Are you one of the 99 thousand?
Published January 13, 2012 6965 Views
For years the Internal Revenue Service has encouraged taxpayers to receive their refunds through direct deposit. The Internal Revenue Service recently announced that it is looking to return $153.3 million in undelivered tax refund checks. In all, 99,123 taxpayers are due refund checks for last year...
On The Brink
Published January 13, 2012 6380 Views
For months the story of Eastman Kodak has swirled with rumor and urban legend. Word from the CEO had been relentlessly upbeat, despite what employees, retirees, investors, and everyone else could see happening: cash dwindling and lawyers circling. Patents have been up for sale but no deal has been...
Hail to the Chief
Published January 12, 2012 6401 Views
Brennan Redmond has many titles. He is a Financial Advisor, a CFA, and a (newly-promoted) Vice President. Today he added one more: President.
After serving as its Treasurer, Brennan was elected President of the Brighton Chamber of Commerce today.
He's just the kind of guy we like here at Brigh...
The "Fed"
Published January 12, 2012 6450 Views
I had the pleasure of attending the Simon School's Annual Economic Seminar yesterday. I enjoyed Federal Reserve Bank of Philadelphia President Charles Plosser's thoughts and perspective. Mr. Plosser gave a fairly subdued yet constructive outlook on the nation's economy. He believed the U.S. would no...