HDTenEightyP/NetNews huggingface dataset:
From: jm0i@ns1.cc.lehigh.edu (JOSEPH ALOYSIUS MCVEIGH)
Newsgroups: misc.invest
Subject: Re: STREET EXPECTATIONS...
Date: 23 Jul 92 19:01:26 GMT
Organization: Lehigh University

shm@phoenix.syl.nj.nec.com (Shailendra Majmundar) writes:
>I hear in news that Stock performed better/worst/in par with the
>street expectations...and market reactions.. etc. Who constitutes
>this "STREET"? Are they brokers, money managers, fund managers,
>market analysts?? Where should I look for the STREET EXPECTATIONS
>before a company posts its earnings?
>
>Sam (shm@syl.nj.nec.com)

The "Street Estimate" is generally the consensus, median, mode, or mean value
given in a poll of financial analysts who follow that particular company
(among others in its industry) for a living.

A good source for these is Barron's. It posts a list of "notable" companies
that are expected to release results in the coming week, as well as their
poll's prediction. Granted this is a short lead time. Other articles/features
in the financial press can give expectations further in advance, but it
depends on the fickle finger of features editors.
                                                        - JAM
-- 
-------------------------------------------------------------------------------
Joseph Aloysius McVeigh  | "The winning vision - it won three presidential
       "N.I.N.A."        |  elections in a row - still lies in...the classical
=-=-=-=-=-=-=-=-=-=-=-=-=|  formula for economic growth: low taxes, sound
"Wall St. Journal", 7/22 |  money, and deregulation."      - Robert L. Bartley
-------------------------------------------------------------------------------
Newsgroups: misc.invest
From: GCTHORNE@idbsu.idbsu.edu
Subject:      Despair  ( was December Surprise )
Date: Tue, 28 Jul 92 08:08:01 MST
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        Actually, MCaldon, it's not despair.  *I* personally am
   doing very well.  But think on this:

        California accounts for around 10-15% of the U.S. economy.

        California has big debt problems which aren't being resolved.

        California is *still* experienced an outflux of the middle-class
   which will result in yet *another* year of lower tax revenues for
   1993. Quite frankly, California is FUELING the growing economies
   of Utah, Arizona, Nevada, and Idaho.

        Congress is now reviewing the 1986 tax laws which reduced or
    eliminated real estate write-offs.  Why?  Supposedly we are in
    a RECOVERY!  But all of us know that banks are HIGHLY indebted
    into real estate.  Can you add two and two?

         The Japanese stock market is in ruins, despite the Japanese
    governments actions.

         The pressure being put on U.S. companies to produce ever
    higher profits, via the stock market, are completely out of line
    with realistic expectations for the next 6-7 years, due to
    demographics.  This will lead to even more layoffs.  For instance:

          San Diego University plans to eliminate 19% of it's FACULTY.

          CSU funds were reduced 8% last year, and will be reduced
          15% this year.  Think on that for just ONE moment.

          DEC has already laid off 15% of it's workforce.  It will
          almost certainly layoff another 15-20% soon.

          GM - 25,000 more this year.

          AT&T and the U.S. Post Office have also previously
          announced similar job eliminations.

          The California state government will, in all likelyhood,
    layoff another 10-20,000 people.

          New York State is raising it's sales tax 1/2%

          Oregon is considering a 3% sales tax, due to shortfalls.

          I mean, chums, this is stuff I've HAPPENED upon.  Personally
   I had expected the unemployment rate to end out the year at over 7%.
   I now expect it to be over 8%.

           Although, now that I think of it, I should be investing
   in U-Haul or Ryder.
Newsgroups: misc.invest
Subject: Re: "Flash memory"
From: gary@cdthq.UUCP (Gary Heston)
Date: Mon, 20 Jul 92 22:12:20 CDT
Organization: Garys' Home for Obsolete Computers

McAldon International Inc. <mcaldon@igc.org> writes:

> 
> A few days ago, the LA Times quoted a Goldman-Sachs analyst as saying
> AMD and Intel were leaders in "flash memory."  Is this true?  And just
> what is the future for flash memory?  Is it related to the "bubble
> memory" of a few years back?   DMcKenzie

Flash memory is a variety of EEPROM (electrically erasable programmable
read-only memory) which can be erased and programmed *much* more quickly
than standard EEPROM chips. It has a future where you need non-volatile
memory (that which doesn't forget when power is removed) that is changed
periodically. Applications range from solid-state disc drive emulators
(much faster than real drives, more expensive per K byte) to aircraft
crash recorders and tape drive replacements (I worked on a radar test
set that would have used EEPROM to store the test programs to be loaded
into the radars' computer). There is some, but not a large amount, used
in personal computers.

It is in no way, shape, or form related to magnetic bubble memories.
Those are a *totally* different technology.

I imagine AMD and Intel are leaders in the field; I further imagine 
that it makes up 1% or less of their revenues. Don't base investment
decisions on one chip out of a thousand; both companies make far more
CPU chips, with higher margins on those.

Gary Heston, at home...
gary@cdthq.uucp
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: Re: Everex
Date: 29 Jul 92 02:13:47 GMT
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA

Dan Dorfman ran a very negative story on Everex, Dell, Advanced logic,
and a couple of other computer makers in response to price cutting.
Everex seemed to be hit the hardest.
Newsgroups: misc.invest
From: tpradeep@cs.tamu.edu (Pradeep K Tapadiya)
Subject: How do divide $1000/month among different investments?
Organization: Computer Science Department, Texas A&M University
Date: Tue, 21 Jul 1992 17:33:02 GMT


Howdy friends,

I am a beginner in the field of Mutual Funds. I have gone through
various books on MFs in the library (include Weisenburger?). Also,
I have read this month's Money magazine and Mutual Fund Forecaster.
Still I have some doubts, I would appreciate it if some of you can
give your opinion on the followng issues. Please respond to
whatever questions you can.

For a beginner with $2000 to invest, I guess one should divide the
money between one high-risk and one low-risk mutual fund. I guess
its better to stick to no-load funds.

Q1. Is this a good decision? Is there a better decision?

Now, I have picked up two MFs

1. 20 century ultra - Aggresive growth/high risk
    - Mutual Fund Forecaster recommends this as the best buy of the month.

2. Financial industrial income - Total return/low risk
     - An editor of some investment magazine has praised this fund in the
     current issue of Money magazine.
     - Mutual Fund Forecaster recommends one to buy this fund.

Q2. Are these good choices? Are there better choices?

After this initial investment, I would have about $1000/month to invest.
I guess

1. some money would go in dollar-cost averaging of the above two funds
2. some money would go in savings account
2. remaining money would go in new ventures

Q3. How would you advise Mr. X to divide $1000/month assuming
   1. Mr X is about 25 years old.
   2. Mr X doesn't mind taking balanced risks.

Q4. How secure are money-market accounts i.e., can I put my money
  in a money-market account instead of savings account without
  any fear whatsoever? Or should I stick to savings account?

Thank you for your help. If need be, I'll summerize the responses
on the net.

Pradeep
tpradeep@cs.tamu.edu
Newsgroups: misc.invest
From: timlee@btr.com (Timothy J. Lee  timlee@btr.com)
Newsgroups: misc.invest
Subject: Re: December Surprise Scenario
Date: 25 Jul 92 05:14:46 GMT

GCTHORNE@idbsu.idbsu.edu (The Eternal Pessimist) writes:
|
|       Okay, I've been pondering the " December Surprise ".
|
|                 Home Federal was recently taken over.  The biggest
|                 loss yet.  Two more CA S&Ls are teetering, both
|                 larger than Home Federal.

The recent seizure was of HomeFed Bank, formerly Home Federal
Savings & Loan of San Diego.  Home Federal Savings & Loan of San
Francisco is doing just fine and was/is not affilated with HomeFed
Bank.

Along with the HomeFed Bank story is the theme of the government
not funding the FDIC/RTC enough.  At the very least, a large bill is
likely to show up right after the election.

Two more S&Ls in California are teetering?  I can think of at
least four big ones in California that show up unfavorably
in the news every so often.
 
|     Scenario:
|
|          As the election approaches, it becomes obvious that Clinton
|    will be elected.  In fear of defense industry layoffs, CA. real
|    estate begins to plummet.  The drop takes out two of the biggest
|    S&Ls in existence, adding to the drop, and reducing money supply.

|    A further drop takes out a major bank.

All I can say is, check on the capital strength of the banks, S&Ls
and credit unions that you deposit significant amounts of money in,
or use for regular checking accounts (you don't want all your checks
bounced with "failed bank" stamped on them, do you?).
From: stuart@siesoft.co.uk (Stuart Hood)
Newsgroups: misc.invest
Subject: Re: Guinness info
Date: 24 Jul 92 12:43:43 GMT
Reply-To: stuart@siesoft.co.uk
Organization: Siemens Nixdorf Information Systems Ltd.

shelly@iscnvx.lmsc.lockheed.com (Sheldon Kay) writes:
: A unsolicted broker called me with the deal of the year.      
: He wants to get new clients and show how great he is.
: 
: Guinness on the London exchange selling around $10. (US) is expected
: to try and get on the NYSE. They are one of the worlds largest 
: liquor companies with their fingers in name stuff other than 
: Guinness beer. Last year sales were 7B and profits at 1B, showing a hefty
: increase from previous year. They want on to the NYSE because the London
: market is kind of dead.
: 
: Any comments from the net???
:       

(# = pounds sterling)

The shares have performed extremely well since they took over Distillers
back in 1987 (I think).  The share price just after the crash of 87 was
under #3.00.  They had a few rough months when it became apparent that
there had been some artifical ramping of the shares in order to win the
bid for Distillers (which was mainly a paper offer) but since then they
have steadily out-performed the London market.

Allowing for the recent share split over here the price is now about #11.00
and they are (I think) the fourth biggest company in Britain.

I shouldn't think that they will achieve similar growth over the next five
years but nor would I be surprised if they still out-performed the London
market.

Stuart.
-
--
S I E M E N S  Stuart Hood === Siemens Nixdorf House, Bracknell, Berks, UK
-------------  Phone: + 44-344-850892          Email: stuart@siesoft.co.uk
N I X D O R F  - Never let ignorance stand in the way of a good argument -
Newsgroups: misc.invest,sci.econ
From: eric@tfs.com (Eric Smith)
Subject: Re: Should we limit the shorts life time.
Organization: TFS
Date: Sun, 26 Jul 1992 00:41:09 GMT

In article <sehari.712086539@vincent1.iastate.edu> sehari@iastate.edu (Babak Sehari) writes:
>>What effect would you estimate shorting $1 million dollars worth
>>of Citibank stock would have on the market? Shorting American bank

Shorting $1 million worth of a major stock is no big deal.  Lots of big
traders buy and sell that much every day.

But if someone wants to short $1 billion worth, they might be frustrated
trying to do the transaction.  I think there is a rule that you can't
sell short on a downtick.  And you might have to go to a lot of different
brokers to handle that much.  Each time you sell a few million dollars
worth short, it will cause the stock to go down in price briefly, and
it seems like that would invoke the downtick rule.

It might take weeks of having your orders in place before your whole
$1 billion gets executed.  By that time you might be selling short at a
lower price.  Then what do you do?  Try to just patiently hold on to
your short position till the stock goes down enough further to make a
profit on it?  More than likely, it might just go back up, then up some
more, and squeeze you out.  Bye bye $1 billion.

As a general rule, selling any stock short is a sucker bet, unless you
have inside information, which might be illegal.

If a stock is grossly overpriced, it got that way for a reason, however
crazy that reason might be.  Whatever causes a stock to become grossly
overpriced can cause it to become even more overpriced.  If a stock
becomes very risky, and seems like a good short because it might go
broke, it will have a very low price to discount that risk.  Selling
short at that price is even riskier than buying the stock then would be.
Newsgroups: misc.invest
From: tclemm@meaddata.com (Todd Clemmons)
Subject: Margining Stocks vs. Mutual Funds		
Keywords: margin
Organization: Mead Data Central, Dayton OH
Date: Tue, 21 Jul 1992 18:01:19 GMT
Distribution: na

I have a Schwab account that allows me to margin mutual funds and/or stocks
based on the amount that I have in my account.  Does anyone see where one would
be better than the other? 

I am currently using 20th Century mutual funds as my foundation and stocks as
my margin.  I can add to the mutual funds without a commission, but stocks look
more promising for short-term capital gains. 


-- 
Todd Clemmons                                             (513) 865-6800 x-6712
Mead Data Central                                           Menu Access Support
9333 Springboro Pike                                        tclemm@meaddata.com
Miamisburg, Ohio 45432                                ...!uunet!meaddata.tclemm
Newsgroups: misc.invest
From: slansky_doug@macn15.rtsg.mot.com
Subject: Re: When to buy a mutual fund shares...
Organization: CSG Group
Distribution: na
Date: Mon, 27 Jul 1992 22:05:10 GMT


>Does that mean that the "advice" that one has been reading about in Money and
>other magazines -- to buy bond funds, which are doing well because of the low
>interest rates -- is incorrect?  I tend to agree with you -- I would think
>that now is the wrong time to buy bond funds (e.g., GNMA funds) because these
>funds will do badly in a year or two from now when interest rates go back up
>(which they undoubtedly will).  On the other hand, stock funds are presumably
>a good buy now.  By this argument, if I want to build up a "balanced"
>portfolio, I should invest my money in stock funds and hold off buying bond
>funds until whenever the interest rates up again.
>
>I'm no expert either, so I'd appreciate advice on whether this is a good
>strategy.  (The alternative seems to be to just go ahead and buy some of each
>type of fund to achieve balance in my portfolio right now, instead of aiming
>for balance a year or two from now.)  Thanks.
>
>-- Ashwin (ashwin@cc.gatech.edu).
>
It seems to me that a "balanced" portfolio should include all types of
investments.  This would imply stocks, bonds, international stocks, metals, and
of course, cash.  Now, I find the prospect of metals to be too risky to be
considered (for myself).  I think that starting a "balanced" portfolio right
now would include stock funds (LTG, G+I types), international funds (Japan
Fund, anyone?....talk about a fund that is down = good buy???), and short term
debt securities (e.g. Scudder Short Term Bond, or one of many short term US
gov't security funds) as well as cash.  For cash, I would be looking towards
Money Markets (expect them to get hurt when interest rates rise, but recover
more rapidly than, say CD's) perhaps even some global security MM funds.  I
would stick to short term bond funds, as the rapid turnover will reduce the
long-term effects of rising interest rates (would you want to be holding a 30
year treasury note at 3-4% when rates start rising?).  

Just my opinion,

Doug
Newsgroups: misc.invest
From: B37211@anlcv1.ctd.anl.gov (Jeff Eastman)
Subject: beginner
Followup-To: misc.invest
Organization: Argonne National Laboratory
Date: Wed, 29 Jul 1992 18:35:12 GMT


How does one find out the actual name and address of a company and what
their product is from a stock listing in the paper?

Thanks,
Jeff
From: hkk38381@uxa.cso.uiuc.edu (Arthur Kwok)
Newsgroups: misc.invest
Subject: Re: Deutschmark Account
Date: 22 Jul 92 15:56:38 GMT
Organization: University of Illinois at Urbana


In article <1992Jul21.163102.5510@bronze.ucs.indiana.edu> petri@venus.iucf.indiana.edu writes:
>     I just called Fidelity and they do have a fund that is dedicated
>to the Deutschmark. Unfortunately it operates through the buying and
>selling of forward futures contracts in the Deutschmark, or even worse
>in options in the futures market. Therefore, it is totally 
>dependent on exchange rate fluctuations and independent of
>the current interest rate in Germany--at least to first order.
>      This is not what we are looking for! The fund earned 3.77% 
>last year. I called Shearson and they gave me a local number to call,
>but I suspect that it will be the same story there. 
>I may try Citicorp next.
>
>Howard

It is very risky to deposit your money in a DMK account just for taking
the advantage of its high interest rate. The exchange rate fluctuates a lot.
In the first half of last year, the DMK sank from 1.4500 in Feb. to 1.8500
in Jul. If you bought DMK at 1.45, you would have lost 30% through
currency fluctuation. However, in the second half of last year, the DMK shot
up from 1.85 in Jul. to 1.5200 in Dec. If you bought DMK at 1.85, you would
have gained about 20% through currency fluctuation. Sounds good??? But can you
stand the ups and downs???? On Monday, several central banks intervened the
FX market. Dollar shot as high as 3.4% from its intraday low. If you have a
DMK account, you would have lost 3.4% in just one day.

Art

----------I trade FX in the spot market------------------------------------
Newsgroups: misc.invest
From: TW.A51@isumvs.iastate.edu (Jim Berg)
Subject: Morningstar HELP!
Organization: Iowa State University, Ames IA
Date: Wed, 29 Jul 1992 13:17:26 GMT

Could someone please post to me or the list what the meaning and
scale of the "Morningstar Ratings" is.....

I looked at it and was unable to decide what meant what because of
the conflicting views of so many publications....

Thanks for your help...

Jim

.n
Newsgroups: misc.invest
From: GCTHORNE@idbsu.idbsu.edu
Subject:      December Surprise Results
Date: Mon, 27 Jul 92 11:50:03 MST
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       Well, I had actually expected some kind of useful comments
   which might convince me that a banking failure is unlikely.

       I don't see much point in letting any banks have my cash for
   the next 7-8 months, and consequently I'll be withdrawing and
   changing it into cash-in-hand, gold, maybe some useful hardware.

        I truly don't believe that most everyone is looking at the
   overall picture.  It's very sad.
Xref: sparky misc.invest:9713 sci.econ:6499
From: schnepf@cs.umn.edu (James A. Schnepf)
Newsgroups: misc.invest,sci.econ
Subject: Re: Should the government impose a tax on currency exchange.
Date: 21 Jul 92 14:03:35 GMT
Article-I.D.: cs.1992Jul21.140335.6500
Organization: University of Minnesota, Minneapolis, CSci dept.

In article <1992Jul20.205541.9189@pslu1.psl.wisc.edu> dbk@pslu1.psl.wisc.edu (Don Katz) writes:
>In article <1992Jul20.171512.1882@csi.uottawa.ca> cbbrowne@csi.uottawa.ca (Christopher Browne) writes:
>>In article <1992Jul20.145843.23628@bronze.ucs.indiana.edu> petri@venus.iucf.indiana.edu writes:
>>>     Short of opening an account in Germany, is there a convenient way of
>>>opening a Deutschmark account in the US and getting this higer rate.
>>
>>This would be a useful strategy, assuming that the change of interest
>>rate had no effect on relative inflation rates between Germany and the
>>rest of the world.  However, there DOES tend to be inflation created
>>by this increase in interest rates.
>>
>>In short, you really won't be making money, because while you'll get a
>>high interest rate, DMarks will be worth less next year (relative to
>>US$) than they are now, because of that high interest rate.

>I believe you have it backwards. The interest rate differential tends
>to make Marks more valuable and Dollars cheaper, because, just like
>Petri, people tend to want to buy Marks and sell Dollars. Witness the
>large decline in the Dollar against the Mark over the last month or so
>due to the interest rate cut here and the interest rate increase
>there.

The key here is not the interest rate now but the relative
differential in the future. Currency exchanges have already taken into
account the fact that Germany has a higher interest rate hence a
higher value. But at some point in the future, the interest rates will
come closer and then the value of the Mark will decrease with respect
to the dollar (all other things remaining static, which of course they
don't). 
>
>In addition, increases in interest rates tend to decrease inflation -
>that's the whole point of the German bank tightening credit, because
>the rate of German inflation is higher than they would like.
>
>
>
Jim
Newsgroups: misc.invest