Sep
30
2008
I continue to follow the U.S. Bail-Out story closely, as I am sure you are doing. As a follow-up to last evening’s Post titled ‘Continued Saga – Desperate People Do Desperate Things’ I have the following additional ’20,000 foot’ comments:
1. ‘Wall Street’ broadly is being painted as the ‘villain’ that got the U.S. citizenry into the current mess – much like the ‘Pied Piper of Hamelin’ who led the children from their village like ‘lemmings over the cliff’. How fair is this? Indeed ‘Wall Street’ (which undoubtedly means different things to different people) facilitated home loans in circumstances where many of the borrowers did not have adequate prospective payment coverage. Surely some of the responsibility must rest with the borrowers. It is not only the lenders who evidenced greed.
Continue Reading »
Possibly Related Posts:
Sep
30
2008
Background to this Series of Posts
This is the 5th in a Series of 17 Posts that will be published on this Blog each Tuesday and Thursday from September 16 to November 11. All 17 Posts will be filed under the Blog Category ‘Valuation of Mining Companies’. For previously issued Posts in this Series click here. We hope you find this Post Series useful.
Mining Company Risk Assessment
The following assumes a ‘single project’ company. If a company has more than one project the considerations discussed that are ‘project specific’ need to be considered separately with respect to each project. From an investor perspective important timing issues, risk assessment, company information, and an appropriate ‘risk related rate of return’ ought to be include a large number of common factors. Posts #4 – #10 of this Post Series discuss many of these factors – in some cases followed by discussion shown in italics. On a cautionary note, ‘Risk Factors’ are fact and circumstance specific, and no list or broad discussion of ‘Risk Factors’ should or can be considered all-encompassing.
Corporate Governance
1. What are the company’s Corporate Governance policies and practice, and are they adequate?
Companies typically disclosure their Corporate Governance policies and practices in their annual documentation. In simple terms the greater the stated strength of those policies and practices, the more comfort shareholders should have in the context of the Board and Management meeting their statutory fiduciary responsibilities.
Continue Reading »
Possibly Related Posts:
Sep
29
2008
So what do I think at 8:00 p.m. on Monday, September 29, 2008, the day the DJIA dropped 777 points and a reported $1.2 trillion dollars has been ‘lost’ from U.S. Investment Accounts? Here is what I think from my 20,000-foot view:
1. Few people have a 20,000-foot view, and most commentators speak from a ‘vested interest position’. Witness ABC News tonight. Who spoke negatively about the failure of Congress to pass the Bill – money managers who saw their client accounts erode today, and with that erosion, erosion of their fees.
2. I am surprised the Bill did not pass, given the ‘fear mongering’ that was built into its passage.
3. Had the ‘Bail Out’ Bill been passed by Congress this afternoon, it would have resulted in a ‘tourniquet’
Continue Reading »
Possibly Related Posts:
Sep
25
2008
An important new feature has just been added to www.stockresearchportal.com. Subscribers now can create a private, secure table where they can enter the names or symbols of all companies in the website’s ‘company universe’ they are invested in or monitoring. The website’s automated data feeds will fill the subscriber-specific ‘Alerts Table’ for the following 6 data points, each for last seven days:
1. Company Press Releases.
2. Insider Trades.
3. New Corporate Filings.
4. Expert Commentary.
5. Analyst Reports.
6. Newsletter Writer Commentary.
Continue Reading »
Possibly Related Posts:
