Carneades R. posted an article on - Jan 30, 2010, 7:37 pm
With 2010's first month of trading in the record books, the perennial references to "The January Barometer" are being espoused ad nauseum, and throughout a variety of media outlets. In a January 29th WSJ article - "January Proves Tough for Stocks" - the venerable newspaper makes the following statem...
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Carneades R. posted an article on - Jan 30, 2010, 7:37 pm
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Carneades R. posted an article on - Jan 23, 2010, 9:46 pm
This weekend, as I found myself inundated in quantitative finance problem sets, I decided it might be worthwhile to apply some quant methods to real estate. After all, we're in the midst of a recession whose numerous causes - and/or exacerbating factors - include a multi-year decline in median home ...
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Carneades R. posted an article on - Jan 23, 2010, 9:46 pm
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Carneades R. posted an article on - Dec 29, 2009, 2:57 pm
As Washington continues to micro-manage various industries via royal decree, it is becoming increasingly evident that Congress is afflicted by some combination of the following conditions: Ignorance of industry specific business modelsAn inability to read financial statementsWillful disregard of #'s...
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Carneades R. posted an article on - Dec 29, 2009, 2:57 pm
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Carneades R. posted an article on - Dec 23, 2009, 6:20 pm
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Carneades R. posted an article on - Dec 23, 2009, 6:20 pm
Although some companies in the technology sector - especially those firms that benefit from semiconductor demand - appear to be pulling out of the recession, 3COM Corp's (COMS) fiscal second quarter results show that even tech is experiencing a rocky and uneven recovery. Although net income for the ...
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Carneades R. posted an article on - Dec 21, 2009, 4:39 pm
Anyone who has been even remotely cognizant of financial market events over the past week should be aware that Exxon (XOM) has agreed to purchase XTO Energy (XTO) in an all stock deal worth $31B (or $41B, depending upon whether you choose to categorize debt assumption as a direct cost to Exxon). At ...
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Carneades R. posted an article on - Dec 21, 2009, 4:39 pm
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Carneades R. posted an article on - Dec 12, 2009, 12:38 pm
Common sense would indicate to most people that the issue of revenue recognition shouldn't even be an issue; after all, a sale has either occurred or it hasn't right? The problem is, due to the multitude and variety of transactions that occur in the modern economy, it isn't always clear when a firm ...
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Carneades R. posted an article on - Dec 12, 2009, 12:38 pm
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Carneades R. posted an article on - Dec 6, 2009, 12:24 am
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Carneades R. posted an article on - Dec 6, 2009, 12:24 am
For a wide variety of reasons, one company will often make an equity investment in another company. We could be simply talking about the parking of excess capital, or there could be strategic reasons such as a bid to gain control of a supplier or other important segment of the supply chain. These in...
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Carneades R. posted an article on - Dec 2, 2009, 5:01 pm
Since closing at 676.53 on March 9th, 2009, the S&P has rallied some 63.7% to its current level of ~1108. Some market pundits attribute this meteoric rise to the Fed's unprecedented market intervention(s), which has created massive amounts of liquidity. Other skeptics call it another round of irrati...
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Carneades R. posted an article on - Dec 2, 2009, 5:01 pm
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Carneades R. posted an article on - Dec 1, 2009, 4:42 pm
Previously, I touched on the importance of Return on Net Operating Assets (RNOA), specifically with respect to my view that it's foolish to examine a firm's ROE without an idea as to the relative contributions of operating and nonoperating returns. I'd like to examine RNOA a bit further, and place s...
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Carneades R. posted an article on - Dec 1, 2009, 4:42 pm
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Carneades R. posted an article on - Nov 30, 2009, 11:26 am
Many investors rely on Return-on-Equity (ROE) to gauge a firm's ability to generate profit from each dollar of equity; a somewhat fundamental determination when assessing the attractiveness of owning a piece of that equity. The problem is, ROE is calculated as net income divided by average stockhold...
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Carneades R. posted an article on - Nov 30, 2009, 11:26 am
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Carneades R. posted an article on - Nov 27, 2009, 6:57 pm
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Carneades R. posted an article on - Nov 20, 2009, 3:46 pm
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Carneades R. posted an article on - Nov 18, 2009, 4:01 pm
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Carneades R. posted an article on - Nov 13, 2009, 3:41 pm
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Carneades R. posted an article on - Nov 12, 2009, 3:28 pm
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Carneades R. posted an article on - Nov 11, 2009, 3:13 pm
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Carneades R. posted an article on - Nov 10, 2009, 3:10 pm
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Carneades R. posted an article on - Nov 6, 2009, 3:34 pm
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Carneades R. posted an article on - Nov 5, 2009, 3:40 pm
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Carneades R. posted an article on - Nov 4, 2009, 3:51 pm
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Carneades R. posted an article on - Nov 3, 2009, 3:09 pm
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Carneades R. posted an article on - Nov 2, 2009, 2:45 pm
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Carneades R. posted an article on - Oct 26, 2009, 9:53 am
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Carneades R. posted an article on - Oct 23, 2009, 5:56 pm
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Carneades R. posted an article on - Oct 19, 2009, 12:05 pm
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Carneades R. posted an article on - Oct 16, 2009, 4:27 pm
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Carneades R. posted an article on - Oct 15, 2009, 2:58 pm
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Carneades R. posted an article on - Oct 14, 2009, 10:46 am
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Carneades R. posted an article on - Oct 13, 2009, 2:26 pm
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Carneades R. posted an article on - Oct 12, 2009, 3:52 pm
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Carneades R. posted an article on - Oct 9, 2009, 3:43 pm
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Carneades R. posted an article on - Oct 7, 2009, 4:45 pm
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Carneades R. posted an article on - Oct 5, 2009, 9:30 am
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Carneades R. posted an article on - Oct 2, 2009, 4:12 pm
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Carneades R. posted an article on - Sep 26, 2009, 4:45 pm
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Carneades R. posted an article on - Sep 24, 2009, 2:30 pm
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Carneades R. posted an article on - Sep 24, 2009, 10:25 am
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Carneades R. posted an article on - Sep 23, 2009, 11:08 am
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Carneades R. posted an article on - Sep 21, 2009, 10:14 pm
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Carneades R. posted an article on - Sep 19, 2009, 11:59 am
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