Stay Updated and Monitor the Economic Terrain with Instant News Feeds
Navigate the Falling Dollar....Awesome!
- Video by Catherine Austin Fitts
Catherine Austin Fitts Blog darlene on Feb 06, 2012 04:30AM The Numbers Are In: Find Out Just How Many Americans Have Ditched Their Banks By Mandi Woodruff Finally, we’ve got some cold, hard stats on how badly banks are hurting from November’s Bank Transfer Day movement. A new report by Javelin Strategy & Research estimates a staggering 5.6 million big bank customers have switched banks in the last 90 days. darlene on Feb 06, 2012 04:00AM “You don’t have to burn books to destroy a culture. ~ Ray Bradbury Related reading: darlene on Feb 06, 2012 03:30AM By Lynnley Browning The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts, the U.S. Justice Department said on Thursday. The announcement, by federal prosecutors in Manhattan, represents the [...] darlene on Feb 05, 2012 09:00AM Money & Markets ? Week of 2.5.12 Bill Moyers: 6 Movies You Have to See About the Financial Crisis
Mon, 06 Feb 2012 16:01:04 +0000
Just get people to stop reading them.”
Ray Bradbury
Wikipedia
AlterNet (2 Feb 12)
Seeking Alpha Financial Markets
Feb 06, 2012 02:16PM
Kate Stalter on Feb 06, 2012 02:15PM
Maury Fertig Interview: Open Your Portfolio to Closed-End Funds
By Kate Stalter:
Closed-end funds offer individual investors benefits that would otherwise be difficult to find, says Maury Fertig. Today, he zeroes in on a fund using covered calls, and another specializing in fixed income.
Kate Stalter: Today I?m speaking with Maury Fertig, Chief Investment Officer at Relative Value Partners.
Maury, you specialized in closed-end funds, and that?s an area that many of our listeners may not be too familiar with. So give us an overview of your investing strategy, and what individual investors should know about.
Maury Fertig: Well, let?s start with the basics of a closed-end fund. A closed-end fund is a mutual fund to start with, and it trades on the New York Stock Exchange, much like an ETF throughout the day. But unlike an ETF, it can trade at a significant discount or premium to the net asset value, or the value of the underlying assets.
That discount to
Complete Story »
Feb 06, 2012 01:28PM
UDR's CEO Discusses Q4 2011 Results - Earnings Call Transcript
UDR, Inc. (UDR)
Q4 2011 Earnings Call
February 6, 2012 11:00 am ET
Executives
Chris Van Ens - VP, IR
Tom Toomey - President and CEO
David Messenger - CFO
Jerry Davis - SVP, Operations
Warren Troupe - SEVP
Harry Alcock - SVP, Asset Management
Analysts
Dave Bragg - Zelman
Karin Ford - KeyBanc
Jana Galan - Bank of America Merrill Lynch
Eric Wolfe - Citi
Paula Poskon - Robert W. Baird
Michael Salinsky - RBC Capital Markets
Derek Bower - UBS
Alex Goldfarb - Sandler O'Neill
Robert Stevenson - Macquarie
Swaroop Yalla - Morgan Stanley
Rich Anderson - BMO Capital Markets
Tom Trujillo - Bank of America
Mark Fisher - Bloomberg
Taylor Schimkat - KBW
Presentation
Operator
Welcome to UDR's fourth quarter conference call. (Operator Instructions) This conference is being recorded today, Monday, February 6, 2012. I would now like to turn the conference over to Chris Van Ens,
Complete Story »
Jeffrey Gall on Feb 06, 2012 12:59PM
GLAD To Not Own Gladstone Capital: A Business Development Company In Danger
By Jeffrey Gall:
Gladstone Capital (GLAD) is a business development company that recently announced 4th-quarter earnings. Given trends in the quarterly filings, I believe that GLAD is a sell. This article will discuss the motivation for thinking as much.
Earnings
GLAD reported net income of $0.21 per share, which covers the monthly dividend of $0.07. The current stock price of $9.26 results in an annualized yield of just over 9%. From Q4 2010 to Q4 2011, however, net investment income dropped from $0.22 to $0.21 - largely due to added debt expense.
Net Asset Value (NAV)
GLAD reported a NAV at the end of Q4 2011 of $9.90. Over the past 5 quarters (from earliest to latest) the NAV change is as follows: 11.85, 11.18, 10.34, 10.16, 9.90. GLAD management has lost $1.95 of NAV while only paying out $1.05 in dividends. This net decrease of -$0.90 suggests that GLAD is eroding value
Complete Story »
Feb 06, 2012 12:40PM
Loews' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Loews (L)
Q4 2011 Earnings Call
February 06, 2012 11:00 am ET
Executives
Mary Skafidas -
James S. Tisch - Chief Executive Officer, President, Member of Office of the President, Director, Member of Executive Committee, Member of Finance Committee, Chairman of Diamond Offshore and Director of CNA
Peter W. Keegan - Chief Financial Officer and Senior Vice President
Analysts
Ron Bobman - Capital Returns Management
David J. Adelman - Morgan Stanley, Research Division
Robert Glasspiegel - Langen McAlenney
Michael Bunyaner
Michael Millman - Millman Research Associates
Sam Yake - BGB Securities, Inc., Research Division
Presentation
Operator
Good morning. My name is Kelly, and I will be your operator for today. At this time, I would like to welcome everyone to Loews Fourth Quarter 2011 and Year End Earnings Call. [Operator Instructions] Thank you. I will now turn the conference over to Mary Skafidas, Vice President, Investor Relations. Please go ahead.
Complete Story »
