Wednesday, March 15, 2017

The Wall Street Journal: Carlos Ghosn

Nissan CEO Carlos Ghosn spoke to Journal about "How I Work:" the true automobile of the future, the toughest period in his career, and whether he'd rather go on a road trip with Elon Musk or Mary Barra. The Wall Street Journal, 3/14/2017, Photo: Robert Libetti

Friday, March 10, 2017

News from the FT & WSJ Today

Bonfire of Wall St analysts burns some big names

Snap's $19.7bn IPO explained

The February Jobs Report in 11 Charts

Analysis: Strong February Jobs Report 3/10/2017 9:44AM WSJ's Paul Vigna and Nick Timiraos analyze the February employment report, representing the first full month of the Trump administration. They discuss whether the upbeat payrolls and hourly wages figures are likely to give the Federal Reserve the green light to carry out several interest rate increases this year. Photo: iStock

Wednesday, March 08, 2017

Wednesday, February 15, 2017

Fast Growing Companies at Value Prices

12/30/2016 5:06PM Heidi Heikenfeld, manager of the Oppenheimer Emerging Markets Innovators fund, is finding health care and tech stocks selling cheaply relative to their growth rates.

Barron's Buzz: Can Chipotle Be Fixed?

2/3/2017 4:04PM Barron's senior editor Jack Hough and WSJ's Shelby Holliday preview the latest issue of Barron's. Topics include Chipotle's recovery from food illness outbreaks and pressure on earnings. Also, calculating health-care costs during retirement. Plus, challenges facing Snapchat ahead of parent Snap's IPO.

Thursday, November 03, 2016

Time For Value?

The bottom 20% of the S&P500 ranked by P/E ratio is selling at 10.2 times earnings versus 52.2 times earnings for the top quintile. Is now the time to go for value? 

Here are the views of three value managers interviewed by Barrons

4 Deep Value Stocks to Buy Now 9/21/2016 7:00AM Fund manager Bill Smead says Bank of America shares are ready to soar along with three other underpriced companies.  
4 Undervalued Stocks from Scott Black 10/23/2016 8:19AM The Boston-based value investor makes the case for Shire, Carnival, Celestica, and Lionbridge.

Financial Stocks: Undervalued, Earnings Growing 12/9/2015 2:56PM With a Fed rate hike (possibly) around the corner, portfolio manager Chris Davis lists 3 favorite stocks and many reasons he thinks they can beat the market in coming years.

Monday, October 10, 2016

Oliver Hart and Bengt Holmstrom Share the 2016 Nobel Price in Economics

The Nobel committee announced today that for their work in contract theory Oliver Hart and Bengt Holmström won the 2016 Sveriges Riksbank Prize in Economic Science in Honor of Alfred Nobel. Charles Duxbury and Mike Bird report on it in the Wall Street Journal today. Moreover the Journal reported in a video:
Evan Peterson, "Why Bengt Holmström, is An Economist You Should Know," Open Markets, October 21, 201.

Monday, October 03, 2016

For the Record: Harris Commented on the Auto Bailout.

Alex Johnson,  "For Dealers, Auto bailout Can't Come Too Soon." NBC News 12/4/2008, quoted Malcolm Harris, an economics professor at Friends University in Wichita, said: “If you have a half a million or a million people out of work, with retail sales in real terms already down 5 percent over a year ago, you’re taking what’s becoming a significant recession and making it a lot nastier.”

Saturday, September 10, 2016

Wells Fargo to Pay $185 Million Fine Over Illegal Account Openings

Even Homer Nods

Wells Fargo is generally considered one of the best run banks. It has a strong commercial banking franchise and its risk management and more limited exposure to investment banking caused it to come out on top in market value after the financial crisis.  It's chief risk officer is higher in its corporate hierarchy than any major bank's going into the financial crisis.  According to Tammy Norman of Emporia State University and Kurt Reding of Wichita State, this is a good indicator of how seriously an organization takes internal controls and risk management and has a long background in internal audit with Spirit aerospace and Boeing.  Tammy recently did a study of the relationship between organizational structure and internal controls.  Kurt is the author of the leading international textbook in the field.  So it is a surprise that Wells Fargo has had an  internal lapse in its commercial bank of all places.  The bank faces a $185 million fine illegal sales practices.  It found hundreds of employees tried to meet ambitious cross-selling goals by opening accounts without customers' permission or even their knowledge. following widespread  including opening accounts for customers without their knowledge. 

In this video, WSJ reporter Emily Glazer joins Lunch Break to discuss the story.  Photo: Getty