Goldman Sachs
Published July 26, 2010 6488 Views
While I am pleased to see some level of regulatory activity from our Securities Exchange Commission, I think we may all want to hold our applause for some further review. Let's try and put this fine levied on Goldman Sachs (without admitting any wrongdoing) in perspective. The 2009 bonus pool availa...
Compelling Reading
Published July 26, 2010 6333 Views
This morning I will abdicate my post in favor of an article from The New York Times. Beware - it may make you as cynical as I am.
Read it here.
Aside from all that, looks like we'll have more good earnings reports and plenty of sunshine in Rochester this week.
GTC
(This article contains...
Quite a Week.
Published July 23, 2010 6150 Views
Last week we went home a little down at the heels, having taken a beating in the market, with the Dow down 261 points. We don't really get beat up on days like that because for most clients our job is to help them carefully select sound investments and then sit tight through the ups and downs. But i...
Sweet & Sweeter
Published July 23, 2010 6391 Views
The sweet: one of my old favorites, The Hershey Co., reported higher earnings this morning - a sweet report for shareholders and a continuation of last quarter's gains.The sweeter (for Rochester): Xerox today also had a better-than-expected report as their acquisition this past February of ACS has h...
The Economic History of the World
Published July 22, 2010 6244 Views
Last year an important milestone was reached in the history of the world's economic development: China overtook the United States as the world's largest energy consumer. Since oil was discovered in 1859 in the countryside of Pennsylvania as an abundant and convenient source of energy, the world's ec...
Fun. Boring.
Published July 21, 2010 6893 Views
Yet more good news - this is the fun part - as Apple Inc reported better-than-expected earnings last night. This is a surprise? Hardly. It seems that everyone under a certain age has an iPod, and even tech slowpokes like me are using the iPhone at increasing rates. Later today we will see reports fr...
News Flash: M&T Bank reports sharply higher earnings.
Published July 21, 2010 6109 Views
M&T, based in Buffalo, has always been more conservative than its national rivals. They went down in price during the financial crisis, but not so much as Citi or B of A, and unlike those two behemoths, M&T never reduced its cash dividend to shareholders. You'll see the stock up sharply today. Rumor...
Mr. Potato Head & Friends
Published July 19, 2010 6452 Views
In the 1920's the Hassenfeld brothers, Henry and Helal, started a textile remnant business in Pawtucket, Rhode Island. By 1952 they were making toys and brought out their first hit: Mr. Potato Head. Last year, Hasbro Inc produced $4 billion of toys and games (many of which have been optioned by Univ...
Do your homework.
Published July 16, 2010 6501 Views
High yields are great - don't get me wrong - but when it comes to picking a high yielding stock, the most important thing to consider is the company's basic financial standing. When a company pays out more than it is taking in, there is obviously a problem - and the problem is usually reflected in...
Earnings Season Under Way
Published July 16, 2010 6210 Views
Last night Alcoa topped expectations and sent the market higher to start today's trading. This earnings season, maybe more than others could have a big impact on how the market performs the second half of this year. Here is when the DOW 30 will tell us how the second quarter treated them:
3M July...