R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
January 4, 2014 Leave a comment
Berkshire Converts Crisis-Era USG Investment to Stock
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) is benefiting from another financial-crisis wager by converting debt it held in gypsum wallboard maker USG Corp. (USG) into more than $600 million in common stock. Read more of this post
January 4, 2014 Leave a comment
Erdogan Crisis Adds Fuel to 2013 Bond Rout: Turkey Credit
The selloff that sent Turkish local-currency debt plunging five times more than emerging-market peers last year is showing few signs of easing, amid a standoff between Prime Minister Recep Tayyip Erdogan and the judiciary. Read more of this post
January 4, 2014 Leave a comment
Bitcoin-Equipment Boom Benefits TSMC, AMD Sales, Report Says
Taiwan Semiconductor Manufacturing Co. (2330), Advanced Micro Devices Inc. (AMD) and other companies have seen more than $200 million in sales in 2013 for computing components used to create Bitcoins, Wedbush Securities Inc. said. Read more of this post
January 4, 2014 Leave a comment
Jan 2, 2014
Bill Gross’s Flagship Fund Suffers Biggest Loss Since 1994
It was a bruising year for the world’s biggest bond fund run by high-profile fund manager Bill Gross, as the fund suffered the biggest annual loss since 1994. Read more of this post
January 4, 2014 Leave a comment
Bank of Finland Warns Debt Level Poised to Double: Nordic Credit
The Bank of Finland is warning that the euro area’s best-rated economy risks sliding down a path that could see its debt burden rival Italy’s. Finland has little room to deviate from a proposal to fill a 9 billion-euro ($12.3 billion) gap in Europe’s fastest-aging economy if it’s to avoid debt levels doubling in the next decade and a half, according to the central bank. Read more of this post
January 4, 2014 Leave a comment
THURSDAY, JANUARY 2, 2014
Are U.S. Stocks Cheap?
By JACK HOUGH | MORE ARTICLES BY AUTHOR
P/E ratios can make equities look cheap or pricey based on how they are calculated. How to make sense of this key question.
Based on the ratio of share prices to earnings, are U.S. stocks more expensive or cheaper than usual? That’s a simple but important question with a complicated answer. Last year, the Standard & Poor’s 500 index of large U.S. companies gained 30%, not counting dividends, its strongest result since 1997. Earnings for index members hit record highs, too. The index stands at 15.2 times forecasted operating earnings for 2014, according to S&P. (More on “operating” in a moment.) The average since 1988, when S&P began tallying operating earnings, is 18.7 times trailing earnings. That suggests that stocks could gain more than 20% in 2014 and still be reasonably priced. But there are three problems with that thinking. Read more of this post
January 4, 2014 Leave a comment
A new hope or false dawn for Mexico’s oil refiners?
2:45am EST
By David Alire Garcia
TULA, Mexico (Reuters) – Mexico’s oil refining industry, saddled for years with bloated costs, chronic underinvestment and generous government fuel subsidies, ought to be on the verge of a bright new dawn. Read more of this post
咬定青山不放松，立根原在破岩中。 千磨万击还坚劲，任尔东西南北风。
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