Empiric Student Property Share Discussion Threads

[briarberry] 28/10/2009 14:58

Steel giant ArcelorMittal reports 76% profit fall
ConocoPhillips profit falls 71%, production flat

[briarberry] 27/10/2009 13:42

India Orders Banks to Increase Investments in Bonds

Oct. 27 (Bloomberg) -- India's central bank took the first step of an exit from its record monetary stimulus as inflation pressures build, ordering lenders to keep more cash in government bonds.

[briarberry] 27/10/2009 13:05

U.S. Aug. Case-Shiller home prices up 1.2%
U.S. home prices down 11.3% in past year

[briarberry] 25/10/2009 15:20

Citi Jacks Credit Card Rates To 29.99% On Unsuspecting Customers.







yeah just in time for Christmas

[briarberry] 25/10/2009 15:10

Capmark Said Ready to File for Bankruptcy

Capmark Financial Group Inc., one of the nation's largest commercial-real-estate lenders, plans to file for bankruptcy as soon as this weekend, a person familiar with the situation said.

The much-expected move underscores the deep problems in the business-property market. After suffering from the collapse in residential mortgages, U.S. banks face steep losses from commercial real-estate loans.

[briarberry] 23/10/2009 23:20

Bank failures past 100 for 2009

Georgia's American United Bank year's 101st failure
Florida's Partners Bank 100th bank failure of 2009

Bank failures hit 106 for year

FDIC shuts Minnesota's Riverview Community Bank
FDIC closes Bank of Elmwood of Racine, Wisconsin

[briarberry] 22/10/2009 22:52

quote

The Treasury has released the line up of Treasury issuance for next week and it is a stunner: in the week of October 26th alone, the US will issue $116 billion in new Treasury Notes (2,5 and 7 Years), another $30 billion in Bills and $7 billion in TIPS.

As pointed out earlier, there is about $150 billion in availability before the Federal debt ceiling is breached ($12.1 trillion). This likely means that Geithner will have to resort to some last minute tricks to make this full upcoming issuance legally permitted.

[briarberry] 22/10/2009 22:38

Eastman Chemical Q3 revenue $1.34 bln vs $1.82 bln
UPS profit down 43% as package shipments decline

[briarberry] 22/10/2009 21:52

UNP - a 39% drop in industrial-products freight...


Union Pacific, (UNP) - The Omaha, Neb.-based railroad operator posted earnings of $517 million, or $1.02 a share, down from $703 million, or $1.38 a share, in the year-ago period.

Revenue fell 25% to $3.47 billion from $4.63 billion, bogged down by a 30% decline in its auto-freight business and a 39% drop in industrial-products freight.

[briarberry] 22/10/2009 18:37

DOW Chemical sales off over 20% similar to DuPont

DOW EPS +5% sales -22%

[briarberry] 21/10/2009 21:10

EBay Q3 net income 27c vs 38c
EBay Q3 revenue $2.24 bln vs $2.12 bln

[briarberry] 21/10/2009 14:47

For anybody interested in the Housing Industry & related Scorecard so far (all yoy):

US Gypsum (USG)
Sales -32%
EPS loss widened -158%

Lennox (LII)
Sales -23%
EPS -51%

Sherwin-Williams (SHW)
Sales -12%
EPS +1%

Fastenal (FAST)
Sales -22%
EPS -38%

Stanley Furniture (STLY)
Sales -29%
EPS loss widened -514%

Stanley Tools (SWK)
Sales -20%
EPS -45%

[briarberry] 21/10/2009 13:00

Boeing Q3 loss $2.23 a share

Wells Fargo Q3 56 cents vs 49 cents
Wells Fargo Q3 revenue $22.5 bln

[briarberry] 21/10/2009 01:09

October 19, 2009
The Stock Market Has Never Been This (Intermediate-Term) Overbought

John P. Hussman, Ph.D.

In reviewing the status of the market late last week, the condition of the data was something of an anomaly in that regard. On the valuation front, stocks are presently overvalued, but to levels that we've observed at least several times in history. The anomaly relates to market action, where we can no longer find a single historical instance where stocks were more overbought on the combination of short- and intermediate-term measures we respond to most strongly. Indeed, only one instance comes close, which is November 28, 1980.

(includes a chart of 1980)

[briarberry] 20/10/2009 21:06

edited - it seems the news outlets got it the wrong way around, Yahoo should read like this

Yahoo Q3 net income 13c vs 4c
Yahoo Q3 revenue $1.58 bln vs $1.78 bln

[briarberry] 20/10/2009 20:25

The next bubble ???

China M1 Money Supply, YoY, September + 29.5% (record increase)

China M2 Money Supply, YoY, September + 29.3% (record increase)(an increase of 870 billion yuan in September)

China's Official Foreign Exchange Reserves are back up to new record highs

In September, new loans rose to 516.7 billion yuan ($75.8 billion), up 34 percent year-on-year. (not as fast as they were increasing)



Does China remind anyone of the rush to modernise seen in the USA during the roaring 1920s ???

[briarberry] 20/10/2009 13:31

U.S. Sept. housing starts flat at 590,000

[briarberry] 20/10/2009 13:31

BNY Mellon Has Third-Quarter Loss on Debt Securities

The net loss of $2.46 billion, or $2.05 a share, compares with a profit of $303 million, or 26 cents, a year earlier



(didn't they get the memo about the low rates (free money), the bailouts, accounting fiddles and the Feds TARP etc ???

[briarberry] 20/10/2009 12:22

sales of raw materials still off 20%

DuPont 3rd-qtr net up 11%, sales down 20%


Caterpillar Q3 EPS 64 cents vs $1.39

quote

Yeah, it's 64 cents but you need to strip out "other items" to get to core operating.....get rid of tax gains, curreny adjustment, etc etc

So the real earnings are 7-9 cents vs the 6 that was expected. That's the proper comparison.

[briarberry] 19/10/2009 21:31

Apple Q4 net income $1.82 vs $1.26
Apple Q4 revenue $9.87 bln vs $7.9 bln
Apple sells 3.05 mln Mac computers in Q4, up 17%
Apple sells 7.4 mln iPhones in Q4, up 7%

[briarberry] 19/10/2009 13:49

The US$ carry trade is reflating the world, future bubbles ???


In the past month, five of Asia's currencies were among the top 10 emerging-market performers against the dollar, with the rupee, won, rupiah, Malaysian ringgit and Philippine peso up between 2 percent and 4 percent.

The rise has been propelled by an unprecedented net $47 billion that flowed into equities in India, Indonesia, the Philippines, South Korea, Taiwan and Thailand in the last three quarters. That eclipses the previous full-year high of $33 billion in 2005, nine years of data compiled by Bloomberg show.

...
The central banks now find themselves in a conundrum. They can let inflation accelerate as they flood their economies with local currencies sold for foreign cash. Or they can raise interest rates to keep prices in check and become even more attractive as carry-trade investors use money from countries with lower borrowing costs to buy Asian financial assets.

Taking funds from the U.S. and Japan, with benchmark rates of 0.25 percent or less, to buy won, rupees and rupiah, with rates between 2 percent and 6.5 percent, has produced an annualized carry trade return of 36 percent since Feb. 20 -- the most ever for that length of time, Bloomberg data show.