Archive for July 26th, 2008

Naked Short-sale Rules for all Stocks? - FOXBusiness


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While places like Cape Cod and the Hamptons get totally jampacked in the summer months there are always enclaves where you can still capture the peace and beauty that drew people to these locations in the first place. Today’s home is located in the town of Chatham on Cape Cod in a very private and prestigious neighborhood. The house, which was built in 2003 and designed by Francis Sullivan, is perched high above the shoreline for optimum views of the Atlantic and Monomoy Islands. The six-bedroom home has an impressive great room with stone and wood architectural touches, gourmet kitchen,large first-floor master suite, billiards room, and a lower level level filled with each amenity imaginable. The property is landscaped with lawns and lovely gardens and is listed at $12.95 million which makes it the priciest home on the market in town.

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Continue reading Morris Island, Estate of the Day

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Avoid the Mistake That Cost Buffett 8 Years of Better Returns - MSN MoneyCentral
Goldman Sachs Ord Shs ( GS ) Stock Quote , Chart , News , Add to Watchlist There’s one investment strategy you won’t read much about on Fool.com, although many have tried it. In fact, Warren Buffett spent eight years working with it before

Dividend investing one strategy for uncertain times Income rises with - Chicago Tribune
A t least you get paid to wait. Investors in dividend-paying stocks use that expression when stocks are down. You collect the dividends while you wait for the share price to go up. Or if you reinvest the dividends in additional shares, your

Bangladesh eyes new warehouses to boost food stocks - Straits Times
DHAKA - BANGLADESH is planning to build new warehouses as its emergency food stocks has been rising, a senior food official stated on Saturday. The country started raising emergency food stocks through domestic and overseas procurements, after twin

Jim Cramer’s Best Blogs - Street.Com
Jim Cramer fills his blog on RealMoney each day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on: a bullish case for the dollar, the FHA and the huge picture for

Investors move into banks on pledge to not issue flood of new shares - Newsday
NEW YORK (AP) _ With many banks still reporting massive writedowns and even quarterly losses from bad mortgage investments, it certainly seems like an odd time for financial stocks to rally. But, amid the many gyrations in the sector’s stocks over

Stocks Tumble, But Hope Holds Its Ground - Barron’s Online
THE STOCK MARKET’S RALLY OFF ITS JULY 15 LOW SPUTTERED, yet Wall Street heaved a small sigh of relief. For a begin, last week’s pause was just benign enough to keep the recent bounce alive, even if the bullish momentum had begun to flag. The biggest

Stocks end higher following economic readings - Lincoln Daily News
[ July 26, 2008 ] N EW YORK (AP) — Wall Street ended a volatile week with uneven gains Friday after better-than-expected economic data placated a market pummeled a day earlier by concerns about housing and the financial sector. Financials drifted

Banks Rally as CEOs Curb Issuing Shares - The Ledger
NEW YORK | With many banks still reporting big write-downs and even quarterly losses from bad mortgage investments, it certainly seems like an odd time for financial stocks to rally. But, amid the many gyrations in the sector’s stocks over the

Picture Becomes Clearer in Banks and Energy - Street.Com
Originally published on Thursday, July 24, at 1:12 p.m. Which is more vulnerable here, American International Group AIG or Occidental Petroleum OXY ? Which would you rather sell, ConocoPhillips COP or Merrill Lynch MER ? I think all of these stocks

How to Find the Stocks That Will Make You Rich - MSNBC
As measured by my returns over the past six months, I’m a terrible investor. And as measured by their play over the last 15 minutes of their game against Stephen Curry, three referees, and an arena of Davidson fans in the NCAA tournament last March

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I’ve heard about this scam, and I just received one today.  Here is the text of the email:

AM MR SCOTT SMITH
I WILL LIKE TO MAKE AND ORDER FOR SOME ITEM IN YOUR STORE SO I WANT TO KNOW THE TOTAL COST OF THE ORDER PLUS SHIPPING COST TO NIGERIA.VIA FEDEX EXPRESS 3 TO 5 DAYS DELIVERY OR DHL 3 TO 5 DAYS DELIVERY.

Planning for Practice Success-—30 COPIES

THE SHIPPING ADDRESS
54 GBAMGBOSE STREET
CITY; LAGOS ISLAND
STATE; LAGOS STATE
COUNTRY: NIGERIA
ZIP CODE;23401
PHONE….23414192536

BEST REGARD
SCOTT

I have a “shopping cart” so if he really wanted the books, he could have gone on there and used a credit card and paid for them.  I hear what happens is they ask for your bank account so they can put the money in.  Right!  I’m going to give him my bank account information.  Maybe next century.

Have you had anyone  send you an email like this?

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Everyday People 2

I have seen this over and over as I help young professionals purchase practices:  The owner of the practice (often a baby boomer) invariably overvalues the practice.

Here is the scenario:  You’ve worked hard to build up your business over 20- to 30-years, in order to leave it to your children (who it turns out don’t want it) or to sell it to finance your retirement.  So you value it at what you think it’s worth, including all of your “sweat equity” (I hate that term).

The value for your business is this:  A willing buyer and a willing seller, who concur to a price that’s mutually uncomfortable for both.  I love this definition!  My husband created the “mutually uncomfortable” thing, and I concur.  It means neither party thinks he/she got “taken,” and neither party thinks he “stole” the thing.  Both celebrations feel a little uncomfortable (I think I sold my business for just a tiny too tiny, but it’s ok; he thinks he purchased it for a tiny too much, but it’s ok.)

In other words, the value of a business is what the celebrations think it is.  Sure there are some “rules of thumb” for such things. For more information, see my About.com article on Valuing Your Business for Sale.

I’d love to hear about your experience buying or selling a business.

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