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Monthly Archives: August 2012

Q2 Guidance May Not Be as Bad as You Think

“One of the ugly themes of Q2 earnings season has been the disappointing revenue announcements.  Of the 447 S&P 500 companies that have announced their quarterly financial results, only 43 percent have beaten analysts’ expectations.  This is the lowest beat rate since Q1 2009.  This is according to data compiled by FactSet.

In contrast, 70 percent of companies have beaten earnings per share (EPS) estimates.”

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MITT ROMNEY PICKS PAUL RYAN FOR VICE PRESIDENT

“Mitt Romney’s presidential campaign officially announced this morning that the candidate has selected Wisconsin Congressman Paul Ryan as his running mate, ending months of speculation about who Romney would name as his vice president. ”

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HONEY BADGER DON’T….PLAY? LSU Dismisses 2011 Heisman Trophy Finalist Tyrann Mathieu from Team

via USAToday.com 

The Honey Badger won’t be making an appearance for LSU this fall.

By Derick E. Hingle, US Presswire

Tigers coach Les Miles announced Friday defensive back Tyrann Mathieu has been dismissed from the team for a violation of team policy.

Mathieu was one of the top playmakers for the Tigers during last year’s undefeated regular season and adopted the Honey Badger moniker as part of his flashy style.

He shined on both defense and kick returns on his way to finishing fifth in the voting for the Heisman Trophy.

Mathieu was suspended for one game against Auburn last season for an undisclosed violation of team rules. Media reports indicated Mathieu failed a drug test.

KEEP READING 

 

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Documentary: Capitalism is the Crisis

Keep your nogen sharp by CONSTANTLY re-examining the world  around you and the belief structures you have SETTLED with.

Cheers on your weekend!

[youtube://http://www.youtube.com/watch?v=fYFw3O–2R0&feature=related 450 300]

“Capitalism Is The Crisis: Radical Politics in the Age of Austerity examines the ideological roots of the “austerity” agenda and proposes revolutionary paths out of the current crisis. The film features original interviews with Chris Hedges, Derrick Jensen, Michael Hardt, Peter Gelderloos, Leo Panitch, David McNally, Richard J.F. Day, Imre Szeman, Wayne Price, and many more!

The 2008 “financial crisis” in the United States was a systemic fraud in which the wealthy finance capitalists stole trillions of public dollars. No one was jailed for this crime, the largest theft of public money in history.

Instead, the rich forced working people across the globe to pay for their “crisis” through punitive “austerity” programs that gutted public services and repealed workers’ rights.

Austerity was named “Word of the Year” for 2010.

This documentary explains the nature of capitalist crisis, visits the protests against austerity measures, and recommends revolutionary paths for the future.

Special attention is devoted to the crisis in Greece, the 2010 G20 Summit protest in Toronto, Canada, and the remarkable surge of solidarity in Madison, Wisconsin.

It may be their crisis, but it’s our problem.”

A counter punch article if your interested….

[youtube://http://www.youtube.com/watch?v=B1T8xgHdMEM 450 300]

 

 

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Market Update

Another day of chop around the flat line has the bulls in contention of seeing the S&P rise above 1405 and challenging 1420ish over the next week of trade…imo.

Laggards like materials and industrial companies are doing well in a choppy market.

Gold looks interesting here. A break above $1640 will be challenged soon and will let investors know which way the shiny metal will trade over the next couple of weeks to months.

Go eat a samich.

Market update

3 D heat map 

European markets close to the downside

[youtube://http://www.youtube.com/watch?v=aOZ89AepCBI 450 300]

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‘Why Nations Fail’: Can Elites Choke American Prosperity?

“As American inequality rises, is the economy at risk of elite interest groups gaining political power and stifling competition?

Throughout history, this is how prosperous nations have lost their edge, according to “Why Nations Fail” byMIT economist Daron Acemoglu and Harvard political scientist James Robinson. Controlling elites block innovation to protect their own interests and growth eventually stalls.

Could that happen here?”

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EXPStockTrader: VirnetX Files Quarterly 10Q – Shows Healthy Financial Position $VHC

VirnetX (VHC) just reported it’s latest 10Q last night in after hours and we have summarized the key topics concerning investors today. As a special note: Firms in litigation like VirnetX will usually only release a 10Q like they did which is the only requirement per securities regulations. Also, no conference call is scheduled and they have never had one regarding their earnings releases.

First and foremost, we wanted to know what the balance sheet looked like and we can clearly see that they have adequate capital with $63.7 million in cash and equivalents vs. what they reported 6 months ago with $63.9 million in cash.

The expenses are another key area that we wanted to review. They are actually falling in line and there is nothing alarming there, so this is another good sign for shareholders to be aware of. Legal expenses are expected and have been budgeted for. There is nothing of concern there either. Legal expenses and hard costs are expected to wind down and decrease in the coming months. The peak of the litigation costs are behind them, especially if they experience more settlements.

The key element that we see here is that the working capital has been increased to 48 months vs. 36 months of working capital that they had reported in their previous filing. This is a positive increase. Also, the company seems to be in “great shape” because they alleviated any concerns that the working capital might have dropped. or depleted. This didn’t happen.

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