What Is Tesla Worth? According To Goldman It Depends If Elon Musk Is Steve Jobs, A Maytag Repairman, Or Henry Ford

What Is Tesla Worth? According To Goldman It Depends If Elon Musk Is Steve Jobs, A Maytag Repairman, Or Henry Ford
Tyler Durden on 03/18/2014 09:29 -0400
Goldman Sachs is bearish on TSLA with a $200 price target (currently trading at $236) but… provides bulls with all the hope they need to justify stock prices rising to at least $478. Laying out 5 scenarios on the company’s path to 2025, the analyst shies from his base-case and downside-risk perspective to reflect on the possibility that TSLA is truly disruptive. Depending on whether Elon Musk is Steve Jobs (iPhone projections), Henry Ford (Model T projections), or a Maytag Repairman (Consumer Durable projections), TSLA’s upside is enormous as all of our three “disruptive outcomes” imply meaningful upside to the current share price.

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Acer’s Headquarters Searched in Probe of Alleged Insider Trading

Acer’s Headquarters Searched in Probe of Alleged Insider Trading
Investigation Also Included Search of Homes of Some Employees of the PC Maker, Prosectors Said
ARIES POON
March 18, 2014 8:34 a.m. ET
TAIPEI—Prosecutors in Taiwan searched the headquarters of Acer Inc. 2353.TW -0.82%and some employees’ homes Tuesday as part of an investigation into alleged insider trading of the personal-computer maker’s shares.
The New Taipei District Prosecutors Office said 10 people, some of whom are current Acer employees, were detained and questioned. They are suspected of “violating the Securities and Exchange Act” and “conducting insider-trading activities,” the office said.

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Tough Job Market Spurs Boom in Skills Certificates in Korea

Mar 18, 2014
Tough Job Market Spurs Boom in Skills Certificates
JEYUP S. KWAAK
Faced with stiff competition in the job market, young South Koreans often turn to professional certificates to gain an advantage. That trend has spawned thousands of new certificates in recent years and a growing testing service industry.

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China’s central bank mulls Alibaba, Tencent payment curbs

China’s central bank mulls Alibaba, Tencent payment curbs
8:26am EDT
BEIJING (Reuters) – China’s central bank is considering regulations that would significantly limit the size of payments made through Chinese Internet firms including Alibaba Holding Group and Tencent Holdings Ltd.

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Thai government lifts Bangkok emergency, crisis far from over

Thai government lifts Bangkok emergency, crisis far from over

4:36am EDT
By Aukkarapon Niyomyat

BANGKOK (Reuters) – Thailand is lifting a state of emergency in Bangkok, taking a step to restore some confidence as anti-government protests subside, though the crisis has entered a new phase with Prime Minister Yingluck Shinawatra besieged by legal challenges.

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Australia’s David Jones to assess $3 billion Myer merger

Australia’s David Jones to assess $3 billion Myer merger
Mon, Mar 17 2014
SYDNEY (Reuters) – David Jones Ltd (DJS.AX: Quote,Profile, Research, Stock Buzz), Australia’s second-biggest department store chain, said it will investigate the value of a proposed merger with Myer Holdings Ltd (MYR.AX:Quote, Profile, Research, Stock Buzz), the strongest sign yet that it will consider the A$3.4 billion ($3.09 billion) deal.

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FASB Looks into Simplifying Goodwill Standards for Public Companies

FASB Looks into Simplifying Goodwill Standards for Public Companies
BY MICHAEL COHN
MARCH 17, 2014
Last November, the Financial Accounting Standards Board endorsed simplifying the accounting standards that private companies use in measuring and reporting goodwill, and FASB is currently looking into the possibility of changing the standards for public companies too.

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Organised gangs have a growing appetite for food crime

Organised gangs have a growing appetite for food crime
Mar 15th 2014 | From the print edition
GANGSTERS used to send their enemies to sleep with the fishes. Today they are more likely to mislabel the fishes and sell them at a profit. Organised criminals who have long trafficked drugs are diversifying into humdrum areas of commerce—particularly food, booze and cheap consumer goods.

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Why French trade unions are so strong

Why French trade unions are so strong
Mar 17th 2014, 23:50 by S.P. | PARIS
FRENCH unions are due to take to the streets again on March 18th for a day of action and protest. This time they will be campaigning for better wages and against the government’s plans to reduce corporate payroll taxes. Scarcely a month goes by without some French profession or other holding a demonstration, or manif. On separate days recently, trade unions representing midwives, civil servants and audio-visual technicians have each taken their grievances to the streets. Why are French unions so strong?

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Corporate Insiders Most Bearish In 24 Years

Corporate Insiders Most Bearish In 24 Years
Tyler Durden on 03/17/2014 20:45 -0400
Just last week Goldman noted that February was “the busiest month in the buyback desk’s history,” so one has to wonder just what management is thinking when the Wall Street Journal reports that corporate insiders are more bearish than they have been at least since 1990. According to this adjusted measure, there have been two prior occasions when the insider ratio got almost as bearish as it is today – early 2007 and early 2011 – and the first came a half a year before the beginning of the worst bear market since the 1930s. Simply put, it seems management teams are using their company’s balance sheet as their own personal piggybank.

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SEC Freezes Bugatti-Driving 26-Year-Old “AwesomePennyStocks” Owner’s Assets

SEC Freezes Bugatti-Driving 26-Year-Old “AwesomePennyStocks” Owner’s Assets
Tyler Durden on 03/17/2014 19:54 -0400
“Compared to the ones I ran into,” noted former-SEC chief, John Babikian’s ‘AwesomePennyStocks’ fraud “is the biggest on ever.” AsBloomberg reports, short-sellers and stock promoters have puzzled for years over who operated one of the largest penny-stock websites. A U.S. lawsuit points to a Bugatti-driving 26-year-old from Montreal. The SEC is freezing Babikian’s assets, including two homes and the proceeds of selling a fractional interest in a plane. “The traditional Stratton Oakmont has been replaced by the opt-in newsletter… the world of pump-and-dumps occurs in the shadows.” Welcome to the new ‘get-rich-quick’ bubble euphoria…

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