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June 2011



Courtesy of Mish

June 30, 2011 – Comments (4) | RELATED TICKERS: HYP , OCR.DL , ITE

“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure.  Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit.”  [more]



S&P 500 Earnings for 2010 a Little Padded?

June 25, 2011 – Comments (5) | RELATED TICKERS: XOM , CVX , KO

After some preliminary calculations, I'm getting that the average S&P 500 company added about $400M in deferred income taxes to it's balance sheet in 2010.  That basically means that each S&P 500 company overstated net earnings by roughly $400M in 2010.  So for the S&P 500, that means that earnings were overstated by about $200B dollars last year.  Unless companies continue to put off their income taxes back to back years, 2011 earnings could disappoint drastically.  [more]



Why Intel's Earnings Aren't that Good.

June 24, 2011 – Comments (1) | RELATED TICKERS: INTC

I recently read one of the Fool articles about earnings not being that good, and decided to give it a go myself.  [more]

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