Earning Release
Pohang Iron & Steel Co. (NYSE:PKX) reported its 1Q 09 results on 10 April 2009. While revenues matched our expectations, profitability came in below our estimates as falling steel prices were compounded by higher-than-expected Cost of Goods Sold (COGS). However, despite these results and a cut in Management’s FY 2009 top-line forecast, we [...]
Chunghwa registered a y-o-y decline in revenues during the quarter, driven by price cuts imposed by the National Communications Commission (NCC) in fixed-line and ADSL services, partially offset by increased revenues from the Internet & data segment (driven by increased subscriber-base). Going forward, we expect Chunghwa to face stiff competition from small telecom operators (as [...]
In the early 1990s, a product called fixed rate capital securities was introduced to meet the needs of income-oriented investors and provide a cost efficient source of capital for issuers.[More...]
We've discussed this in numerous posts (like shouting into the wind) - as we concentrate more and more power FROM "too big to fail" institutions INTO "even too bigger to fail" institutions, we remove competition and create near oligopolies. So as we "wipe off the sweat" that we "saved" the system, we can know that our taxdollars created monsters that will be raising fees every which way but loose. You'd scoff at that when you throw in my face how we have 8000+ lending institutions in America hence the country is FULL of competition. In retort I will say to you - please burn this table into your head.... Top 50 Bank Holding Companies I only wish I had a before and after to show you how these have grown.... Just remember<br[More...]
(clickbroker.blogspot.com) President Bush thought common shareholders in financial institutions should be massacred to preserve Darwinistic capitalism. President Obama thinks the evil ones should suffer for their crimes against the people. Both Presidents wanted to preserve the sanctity of debt holders, for they are a tool to expand credit and reflate the economy. The only difference appears to be that Obama is being more forceful in expanding mortgage modifications and refinancing; something Bush only paid lip service to. Both are pretending that they can hold down mortgage rates for a protracted period of[More...]
Warming news of upbeat home sales figures as well as big earnings reports were able to lift the market from its three day major downturn. The Dow Jones Industrial Average jumped 1.78% to a close of 8,078.36 just as the Nasdaq and S&P 500 rose 1.46% and 1.58% respectively to levels of 1,516.30 and 838.51. With all the good news on the street crude oil responded with a boost of $0.17 to a close of $40.95. Gold also jumped $8.50 to $901. The National Association of Realtors released surprising news that the seasonally adjusted index of pending sales for pre-owned homes rose 6.3% percent in the month of December. <span[More...]
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