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Greece is running out of time—and trust + MORE Jul 12th
(AP Photo/Thanassis Stavrakis)
Greece’s finance minister was locked in talks with skeptical creditors Saturday, trying to persuade them that the Greek government can be trusted to deliver on its reform promises in exchange for a financial rescue securing the country’s future in the euro..... More »
Capital gains taxes explained Nov 11th
Capital gains can be an afterthought after selling your home, or any property, stocks or shares. But it sure comes up around tax time.
What are capital gains?
You have a capital gain when you have sold, what the Canada Revenue Agency deems “capital property” (including securities in the form of.... More »
Freshii shares down on earnings miss + MORE Aug 10th
Freshii share prices weakened on Friday as the Toronto-based restaurant chain missed earnings expectations for the second quarter..... More »
PepsiCo 3Q results beat Street; raises full-year guidance + MORE Sep 29th
PURCHASE, N.Y. – PepsiCo, free of last year’s entanglements in beleaguered Venezuela, reported soaring third-quarter profits that breezed past almost all expectations.
The company boosted its full-year profit outlook given its performance to date and shares jumped more than 2 per cent, w.... More »
Darryl White officially takes reins at Bank of Montreal as chief executive + MORE Nov 1st
TORONTO _ Darryl White officially started his new job as chief executive at the Bank of Montreal today.
White takes over from Bill Downe, who retired after more than a decade in the top job.
BMO (TSX:BMO) named White, who had been the bank’s chief operating officer, as Downe’s successor .... More »
For Canadian telecom stocks, bad news is priced in
– theglobeandmail.com
Fears of a Verizon arrival and disaffection with dividend-payers has hit BCE, Rogers and Telus
Some Things I Never Quite Get Re: Falling Knives
– IntelligentSpeculator.net
I’ve discussed falling knives quite a few times in the past on this blog. The whole strategy of course is trying to find stocks that have suffered major declines and could be rebound. The easy part is finding out what caused the big decline but a lot more tricky is trying to determine if that could turn around and what kind of valuation makes sense. Among stocks that I’ve discussed in the recent past are:Blackberry (BBRY)
Netflix (NFLX)
Best Buy Co Inc. (BBY)
What if I told you that two of those 3 are the 2 best performing stocks in the S&P500 this year? In fact, it’s not even close. And no, of course, Blackberry, the stock that I’ve been bashing for months is one of the two. So who is at the top?
Best Buy (BBY) +190%
Netflix (NFLX) +185%
One of them (NFLX) is much easier for me to understand than the other. Guess which one? Here are a few charts from their more recent earnings numbers…!
NFLX Revenue Quarterly YoY Growth data by YCharts
NFLX EPS Diluted Quarterly data by YCharts
The post Some Things I Never Quite Get Re: Falling Knives appeared first on Intelligent Speculator.
Greece planning to ease ban on foreclosures, insists the poor won’t lose their homes
– canadianbusiness.com
ATHENS, Greece – Greece’s conservative-led government said Thursday it will water down laws protecting homeowners from foreclosures, but insisted that vulnerable borrowers worst-hit by the country’s financial woes will still not lose their homes.
Since the Greek debt crisis broke in late 2009, triggering global economic unrest and throwing the eurozone into disarray, banks have been banned from repossessing primary residences worth up to 200,000 euros ($270,000).
That shielded Greeks from the wave of evictions afflicting Spain, another battered southern European economy where about 30,000 people lost their primary residences last year because of non-payment of mortgages.
Prime Minister Antonis Samaras said his government is working on amendments targeting those who can pay off their mortgages but don’t, while retaining protection for the poor.
“Primary residences of socially weak citizens and those who can demonstrably not service their loans will be absolutely protected,” he said after talks with key coalition ally Evangelos Venizelos, Greece’s foreign minister who heads the small Socialist party…
Since the Greek debt crisis broke in late 2009, triggering global economic unrest and throwing the eurozone into disarray, banks have been banned from repossessing primary residences worth up to 200,000 euros ($270,000).
That shielded Greeks from the wave of evictions afflicting Spain, another battered southern European economy where about 30,000 people lost their primary residences last year because of non-payment of mortgages.
Prime Minister Antonis Samaras said his government is working on amendments targeting those who can pay off their mortgages but don’t, while retaining protection for the poor.
“Primary residences of socially weak citizens and those who can demonstrably not service their loans will be absolutely protected,” he said after talks with key coalition ally Evangelos Venizelos, Greece’s foreign minister who heads the small Socialist party…
Barrick Gold Corp. says it has agreed to sell off three mines in Western Australia known as the Yilgarn South assets to South Africa-based miner Gold Fields Ltd.4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
