HDTenEightyP/NetNews huggingface dataset:
From: davisje@smsun45.crd.ge.com (jonathan e davis)
Newsgroups: misc.invest
Subject: Re: AMD - what's your opinion?
Date: 22 Dec 92 13:50:37 GMT
Organization: GE Corp. Research & Development, Schenectady, NY

In article <1992Dec21.184619.18145@mailer.cc.fsu.edu> meyers@lorenz.ocean.fsu.edu (Steve Meyers) writes:
>
>I'm thinking of buying some AMD. What do people think about the company 
>projected out 1+ year from now? I know they recently lost a lawsuit 
>from Intel, but I hear they'll be able to recover by summer.
>
>Thanks in advance.
>
>Steve


In Peter Lynch's book, I believe, he discusses how an investor should 
be able to put together a 2 minute pitch as to the reasons to buy
a particular stock or investment.  Two minutes may be a bit long in
some cases, but the point was one of brevity with adequate documentation.

My point is not to specifically discuss the merits of AMD, but 
to illustrate that the net provides an opportunity for investors to 
post their "two-minute" spiel for critique by the other readers.

Steve, could you provide some more documentation on AMD and why you 
think a purchase would be profitable?  Or a summary of your research from
other posters?




Jon Davis                                     E-mail: davisje@crd.ge.com 
GE Corporate Research & Development Center    Phone:  (518) 387-5487
Schenectady, NY
From: rlcarr@animato.network23.com (Rich Carreiro)
Newsgroups: misc.invest
Subject: Re: street name vs delivery
Distribution: world
X-NewsSoftware: GRn 1.16f (10.17.92) by Mike Schwartz & Michael B. Smith
Date: 23 Dec 92 08:04:43 EST
Organization: The Other Side of Life

In article <20366@ksr.com> zdenek@ksr.com (Zdenek Radouch) writes:
> ->  I've identified the following pros and cons for deciding whether to take
> ->  delivery of stock certificates.
> ->  
> ->  pros:  * more timely dividends 
> ->         * quarterly and annual reports
> ->         * no hassle or illiquid positions if the brokerage firm goes under
> ->  
> ->  cons:  * inconvenience of sending certificates back in
> ->         * risk of losing certificates
> ->         * securities cannot be margin collateral
> 
> I assume you lose your shareholder voting rights if you don't take the
> delivery, since your shares can be sold short.

That can't be right.  I hold my stocks in street name with Waterhouse,
and I've gotten to vote on all proxy issues on all my stocks (or rather,
I get a form from Waterhouse which I use to tell Waterhouse how to vote
on my stocks, since the stocks are, of course, in Waterhouse's name).
I also still retain the option of actually going to the annual meeting
as well.

-- 
Rich Carreiro                                  Home: (401)841-8514
rlcarr@animato.network23.com
uunet.uu.net!animato!rlcarr
From: bs764@cleveland.Freenet.Edu (Fred H Olson)
Newsgroups: misc.invest
Subject: Wanted: DOS investing software reviews.
Date: 4 Jan 93 05:45:17 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


I am not knowledgeable about investing and am asking this question
for my mother-in-law (who isn't particularly knowledgeable about
computers...)  She wants to know my reccomendations regarding
2 programs she has heard about from the American Investors
Alliance (219 E Comm. Blvd. Ft Lauderdale, FL).  THe programs
are called PC Mutual Fund and PC Stock Market. They require
5 megabytes of hard disk space (13 meg free).  Thats all
I know about them (from a phone conversation- she live in
Boston and I'm in Minneapolis).

Any comments on these programs or comparable softaware
(if you can guess what that is) BY EMAIL would be appreciated.

Sorry for the vagueness in my questions - I'm basically
just relaying the questions.  I scanned this groups FAQ's
and didnt see anything relevant except maybe the entries about
organizations - AAII and  NAIC.  

Thanks and remember Email replies to 
fred%jwh@vx.cis.umn.edu
-- 
Newsgroups: misc.invest
From: gilman@cshl.org (Michael Gilman)
Subject: Re: Condemned by Barron's--Is it significant????
Followup-To: misc.invest
Organization: Cold Spring Harbor Laboratory
Distribution: usa
Date: Tue, 29 Dec 1992 15:13:37 GMT

In article <calinski.725123521@calspan.com>, calinski@calspan.com (Peter
Calinski) wrote:
> 
> I'm not a regular reader of Barron's but, in the past year, I know of two 
> stocks, Marvel and Conseco, that were bashed by Barron's. Of course, in 
> both cases, the stock fell a considerable amount.  However, also in both cases,
> within a year, both subsequently hit new highs.
> 
> Does anyone know of other cases where Barron's screws up like this?
> 
> Do they always get it wrong?  Looks like a way to make money big time.
> 
> I heard on Monday that Barron's knocked another stock (I can't remember the 
> name but I think it started with an M.  It dropped something like 8 to $24).
> 
> 
> Comments please.
> 
> Pete
> 
> calinski@calspan.com

The company they trashed this week was Natures Bounty, a producer of
vitamins. Basically, they pointed out that recent increases in earnings
were due to acquisitions rather than increased profitability, that the
company was having trouble with government regulators, and that vitamins
have no patent protection whatsoever, giving the company no advantage in a
very competitive industry. Also, lots of insider selling.

I believe the stock took a major dive in Mondays trading.

Michael Gilman
gilman@cshl.org
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: street name vs delivery
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Sat, 26 Dec 1992 22:55:59 GMT

In article <20427@ksr.com> zdenek@ksr.com (Zdenek Radouch) writes:
>I wrote:
>>> 
>>> I assume you lose your shareholder voting rights if you don't take the
>>> delivery, since your shares can be sold short.
>
>Rich Carreiro writes:
>>That can't be right.  I hold my stocks in street name with Waterhouse,
>>and I've gotten to vote on all proxy issues on all my stocks (or rather,
>>I get a form from Waterhouse which I use to tell Waterhouse how to vote
>>on my stocks, since the stocks are, of course, in Waterhouse's name).
>>I also still retain the option of actually going to the annual meeting
>>as well.
>
>Ed Krol writes:
>>Actually you don't lose your voting rights,



        while you hold stock long

              and

       you have no voting rights in stock held short

>>but it is a bit more
>>inconvienent to vote your shares in person.  If you want to attent
>>a shareholders meeting and vote your shares you have to make arrangements
>>through your broker I think.
>
>OK guys, then explain to me what's wrong with the following scenario:

I assume this is a joke, right?

Just in case someone might take you seriously:

>I want to take over the XYZ Corp. XYZ is public and is controlled by
>an entity holding 55% of all shares. I go and buy the remaining 45%
>of all shares. I hold it in a street name so that it can be shorted.
>I subsequently short one third of my shares against the box and have
>my partner buy it. Now I own 45% of XYZ, and my partner owns 15% of XYZ.

Your partner (assuming this was legal -- it isn't)  owns 15% of XYZ
short.

You own 45% of XYZ long.

That's a total of 45% of XYZ you both get to vote.

>Together we own 60% of XYZ, the controlling entity holds only 55%
>so we can take over XYZ any time we want!

When you own stock short you really don't own it at all.  You don't
get the dividends (in fact you get to pay the dividends to the real
owner) and you don't get to vote the stock.

---

Look, there's a huge difference between holding stock in street name
or holding stock in safekeeping or your own vault; and shorting
stock.   In terms of voting rights, your broker will forward to you
(or the company itself will forward to you) a proxy for stock held
long.  If you shorted stock, the person you borrowed it from gets to
vote it.  In fact the person you borrowed it from doesn't even
know you borrowed it!  This borrowing thing, it's all done with
mirrors.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Dividends and Capital Gains in an IRA
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Sun, 3 Jan 1993 18:41:43 GMT

In article <1i1218INNgi1@early-bird.think.com> barmar@think.com (Barry Margolin) writes:
>In article <1992Dec31.151530.5193@ee.eng.ohio-state.edu> adkins@singha.eng.ohio-state.edu (Kenneth C. Adkins) writes:
>>This recent thread about IRAs has raised a question for me.  If I have
>>my IRA money in some stock fund that may pay dividends and/or capital
>>gains distributions, I don't pay any taxes NOW on that income, right?
>
>Right.
>
>This is one benefit of IRA's over many "tax-free" investments such as
>municipal bonds (and mutual funds containing them).  Dividends from
>municipal bonds are tax-free, but capital gains are not.

This is correct.

However, earnings of an IRA are not tax free, merely tax deferred.

BTW in Ohio, in general capital gains from Ohio municipals are
deductible from Ohio income.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: calinski@calspan.com (Peter J. Calinski)
Subject: Re: Condemned by Barron's--Is it significant????
Organization: Calspan Advanced Technology Center
Distribution: usa
Date: Tue, 29 Dec 1992 18:45:00 GMT

In <1992Dec23.224630.15657@gumby.dsd.trw.com> suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:

>In article <calinski.725123521@calspan.com> calinski@calspan.com (Peter Calinski) writes:
>>I'm not a regular reader of Barron's but, in the past year, I know of two 
>>stocks, Marvel and Conseco, that were bashed by Barron's. Of course, in 
>>both cases, the stock fell a considerable amount.  However, also in both cases,
>>within a year, both subsequently hit new highs.

>I am a regular reader of Barron's and have been for years.  What I
>frequently see is that a stock will be trashed in "Up and Down Wall
>Street".  Alan Abelson (or his staff) will simply point out facts
>and/or possibilities.  These items suggest that the market is
>overvaluing the particular stock under discussion.  They also make for
>very entertaining reading (if you don't own the stock :-).

>For example, sometimes a stock is selling for "100 times next years
>*sales* -- forget about earnings as there aren't any" [This isn't an

Stuff removed


>are being amortized over a 10 year period and that leaves 12 million in
>liabilities still sitting on the books.  Or ....  You get the idea.
>Assuming that the Barron's research is impeccable (and based on the
>quickness of the legal profession to jump on the libel bandwagon I would
>expect that, lest they get their collective asses sued off :-), it's
>bound to influence some people.  Also, as others work out that the stock
>drops because of a Barron's hit, they will learn to run for cover too.

I guess I am questioning their research.  As I recall Conseco reacted very
strongly.  They didn't sue, there would be nothing to gain.  The stock
recovered and soared before they could have gotten to court.

>Now it may turn out that these really are good companies, that their
>profits and sales will continue to increase, the competition won't rear
>its ugly head, etc.  On these assumptions, it is easy to see that the
>stock drops to a point where its price more nearly reflects the best
>estimate of the prospects.  If the company continues to prosper, then
>the stock will rise from there.

In these cases the market seemed to think there was little merit in the 
articles and lifted the stocks to new highs (after an initial dip). 

>I don't see how you can be sure that stocks which slide because of
>Barron's are going to recover and continue advancing.

I can't, what I do know is that in these two cases (Conseco and Marvel) the
market seemed to feel that Barrons was wrong.  What I was looking for in
my post was if others could recall cases where Barrons trashed a company and 
then what happened later - long term - to the stock.

Maybe we could establish a track record on Barrons.
Newsgroups: misc.invest
From: goldsmit@iguana.cis.ohio-state.edu (eric richey goldsmith)
Subject: Mutual Funds
Organization: The Ohio State University Dept. of Computer and Info. Science
Date: Sun, 3 Jan 1993 22:10:01 GMT

I am trying to pick mutual funds to invest in.  My criteria is:

	- No loading or fees of any kind
	- Less than 2% annual management expense
	- Fund must more than 10 years old

I have narrowed the selection to 3 funds in three categories.

Agressive Growth:
	CGM Capital Development
	Vanguafd Explorer Fund
	Twentieth Century Ultra

Growth:
	Janus Fund
	Neuberger & Berman Select Sectors
	Steinroe Special Fund

Growth & Income:
	Sequoia Fund
	Neuberger & Berman Partners
	CGM Mutual Fund

Does any one have any opinions on these or any other funds?  I've been
considering the benefits of dollar cost averaging.  One scenario would be
to initially invest all of my money in a bond fund and then transfer money
from it each month to purchase shares in other funds.  Any opinions on this
strategy.  So far the only bond fund I've found that meets my criteria is
Vanguard FI INC INV GRAD.  Any suggestions.

Thanks for any and all responses.

Newsgroups: misc.invest
Subject: Re: What good is a non-deductible IRA?
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 31 Dec 92 14:23:30 CST
Organization: Garys' Home for Obsolete Computers

blenko-tom@CS.YALE.EDU (Tom M. Blenko) writes:

> Bill "Bill" Tuthill writes
> | Is is my view that non-deductible IRAs are nearly worthless.  Since  
> you
> | get charged a 10% penalty for early withdrawal, the money is  
> basically
> | stuck there until you reach the age of 59 .
> 
> I am a student on a stipend and therefore see a lower tax
> rate than if I were employed. Assuming that my tax rate
> will by higher when I retire, it makes sense for me to
> contribute to an IRA now and to take no deduction -- a good
> part of the benefit arises from the differential in the
> tax rate (between now and when I retire). I haven't worked
> out the figures, but I suspect this becomes advantageous
> even if I end up paying an early withdrawal penalty
> (sometime after my tax rate goes up).

Not quite. The withdrawl is counted as *ordinary income*, just
as if your paycheck got bigger; i.e., you're taxed at your rate
at the time of the withdrawl. The last thing you want to do is
wait until your rate goes up before making an early withdrawl.

> I believe the same reasoning works for anyone who expects
> there tax rate to be higher when they retire.  

Sorry, I see no rationality to this--you're not taking into account
the additional returns from the deferred contributions. If you 
qualify for a deferred IRA, by all means use it. Put the money
you'd have paid in taxes into another investment. Run some numbers
and see how things look--and remember that nobody has the foggiest
idea what the tax code will look like in 20 years, much less the
changes that'll happen in the 35-40 years before you retire...

Oh, don't forget to figure inflation into your number crunching.

Gary Heston, at home....
gary@cdthq.uucp
From: crr4574@zeus.tamu.edu (LARUE, CHARLES L.)
Newsgroups: misc.invest
Subject: Can you put IRA money in an investment property?
Date: 1 Jan 1993 17:51 CST
Organization: Texas A&M University, Academic Computing Services
Distribution: usa
NNTP-Posting-Host: zeus.tamu.edu
News-Software: VAX/VMS VNEWS 1.41    

I first posted this to a real estate group, but I haven't gotten an answer. 
Most of the people in this group appear to know alot about investments, so
here are my questions:  What are the stipulations for putting IRA money in an
investment property?  I live in a college town with very attractive housing
prices.  I recently bought a condo for myself and have decided to buy another
as a rental property.  I would like to do this with as little out of pocket
expense as possible.  I am told by my real estate agent that I will have to put
30% down to do the deal, and I am trying to avoid this.  If I could roll part
of my IRA over into this property, the 30% wouldn't be a problem, but I don't
know whether or not I can do it.  I believe you can have an IRA in real estate,
but I don't know the details of this.  Also, are there any creative ways around
this 30% down problem?  Any advice would be appreciated.  Also, I know that
this wasn't the most appropriate group to post to, but I thought it was my best
chance to get a pretty fast answer.

Thank you very much,

     Charley

Newsgroups: misc.invest
From: tim@ssd.intel.com (Tim Gates)
Subject: Re: Stock Symbols for Fun & Profit
Organization: Supercomputer Systems Division (SSD), Intel
Distribution: na
Date: Thu, 31 Dec 1992 00:03:54 GMT

In article <1992Dec30.231836.16151@cbnews.cb.att.com> ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>Some stock symbols have "cute" or "fun" references to the company.
>
>
>Here are a few more.   Please feel free to add to this list.
>
Ok, how about

JAVA 	Mr.Coffee

Thats the only one I have.
Tim@ssd.intel.com
Newsgroups: misc.invest,misc.taxes
From: tdj@bbt.com (Todd Johnson)
Subject: Re: Cafeteria Health-Care Program: HELP?
Organization: BroadBand Technologies, Inc.,  Research Triangle Park, NC
Date: Wed, 23 Dec 92 13:29:13 GMT

In article <168C112E60.MCMASTER@LSTC2VM.stortek.com> MCMASTER@LSTC2VM.stortek.com (Jim McMaster) writes:
>In article <1992Dec17.230042.2523@panix.com>
>eck@panix.com (Mark Eckenwiler) writes:
> 
>>
>>On the other hand, if your wife leaves her job during the year, she
>>can nevertheless be reimbursed (under health care, NOT dependent care)
>>up to the *full amount she would have paid into the account over a
>>full year*.  (Dependent care is pay-as-you-go, at least here.)  Thus,
>>if she agreed to have $10/week deducted for medical, and left after
>>only 4 weeks of January, she would pay only $40 for having as much as
>>$520 of free NON-taxable benefits; of course, she would have to incur
>>the costs in that 4-week period (which isn't so hard to do).
>>
>This is not how it worked at my last employer!  When I left the
>company, *all* the contributions for the rest of the year were taken
>out of my final paycheck.  I then had until the end if the calendar
>year to use them up, as if I had stayed.  THis seems to be standard
>practice.

    At my last employer, I only lost what I put in up to the time I left.
    Nothing extra was taken from my final paycheck.
> 
>>The theory here is that just as the employee bears the risk of
>>forfeiting excess, so the employer (who must pay the difference in a
>>shortfall situation) bears a risk to offset the tax benefits of the
>>program.
>>
>No way.  The employer does not bear any risk.  Why in the world would
>they set up such a plan if they risked money?

   I totally agree with the above statement. The employer does not 
   bear any risk.

	Todd

-- 
-----------------------------------------------------------------------------
Internet:  tdj@bbt.com       |  PP-ASEL  	       _ 
Usenet:    ...!mcnc!bbt!tdj  |  PILOTVFR          _____|_____
Disclaimer: Standard         |  		     0   0
Newsgroups: misc.invest
From: mrand@sdf.lonestar.org (Marc Randolph)
Subject: Re: Novell to buy USL
Followup-To: comp.os.ms-windows.programmer.win32
Organization: sdf Public Unix, Dallas
Date: Mon, 28 Dec 1992 01:19:03 GMT

In article <kkucwB1w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>>[...]
>> 
>> 	What does NT sell for these days?
>
>It doesn't. It's not shipping yet, and I haven't seen any price 
>announcements.

   Not that this dicussion belongs in misc.invest, but we've got to make
sure we pass along as accurate information as possible so people can make
intelligent investment choices.
   NT is currently in Beta.  I believe it can be purchased by anyone right
now, for a couple hundred dollars (I don't remember the exact amount).  
   Follow-up's to windows.nt...


Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: another question regarding multiple IRAs
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 31 Dec 1992 23:27:57 GMT

In article <1hvt9kINNohv@usenet.INS.CWRU.Edu> jxs18@po.CWRU.Edu (Jerry Sy) writes:
>
>thanks to the people who responded to my previous post.
>
>now that I know that I can open as many IRA accounts as I want but
>limited to $2000 contributions, I'd like to know if it is possible
>for me to say, transfer funds from one IRA account into another,
>combine 2 or more IRA accounts into one ?


The $2000  is an annual limit.  You cannot add more than $2000
to your IRA(s) regardless of how many IRAs you have established.

Yes; you can rollover funds from one IRA to another once a year.
You can direct one IRA custodian to transfer funds directly to
another IRA custodian as often as you like.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: lcornel@eis.calstate.edu (Louis Cornelio)
Newsgroups: misc.invest
Subject: Re: Mutual Funds???
Date: 3 Jan 93 03:35:15 GMT
Organization: Calif State Univ/Electronic Information Services

easy advice: stick w/ the Vanguard family. no-load, low expense, good
return.  ---lou
Newsgroups: misc.invest
From: zdenek@ksr.com (Zdenek Radouch)
Newsgroups: misc.invest
Subject: Re: street name vs delivery
Date: 26 Dec 92 20:58:15 EST
Distribution: usa
Organization: Kendall Square Research Corp.

>>I wrote:
>>OK guys, then explain to me what's wrong with the following scenario:

>Arthur S. Kamlet writes:
>I assume this is a joke, right?

No joke, dead serious.

>Just in case someone might take you seriously:

>>I want to take over the XYZ Corp. XYZ is public and is controlled by
>>an entity holding 55% of all shares. I go and buy the remaining 45%
>>of all shares. I hold it in a street name so that it can be shorted.
>>I subsequently short one third of my shares against the box and have
>>my partner buy it. Now I own 45% of XYZ, and my partner owns 15% of XYZ.

>Your partner (assuming this was legal -- it isn't)  owns 15% of XYZ
>short.

No, reread what I said. I SHORTED the stock (In my example I shorted
the stock myself against the box, but I could have as well said that
the stock was shorted by someone else). My partner (or if you don't like
that, then substitute "a random investor") has BOUGHT it long.

>You own 45% of XYZ long.

Correct.

>That's a total of 45% of XYZ you both get to vote.

No, I own 45% and whoever bought the shorted shares owns 15%.
That's 60% total.

>>Together we own 60% of XYZ, the controlling entity holds only 55%
>>so we can take over XYZ any time we want!

>When you own stock short you really don't own it at all.  You don't
>get the dividends (in fact you get to pay the dividends to the real
>owner) and you don't get to vote the stock.
>Look, there's a huge difference between holding stock in street name
>or holding stock in safekeeping or your own vault; and shorting
>stock.

Look, you just didn't get it! For a share to be shorted there must be
a buyer and he holds it long now. So for every shorted share you have
two owners, the one that the share was borrowed from, and the one that
actually bought the share. Since there's only ONE real share to be voted,
you have to strip one of the two owners of his voting rights. And
it logically has to be the one that held the stock in street name.

>If you shorted stock, the person you borrowed it from gets to
>vote it.

That was myself in the example. So you claim I can vote my 45%.
Well, the guy that bought the [shorted] stock actually gets the
certificate; he can surely vote his 15%!
So that is 45+15+55=115%!

>In fact the person you borrowed it from doesn't even
>know you borrowed it!  This borrowing thing, it's all done with
>mirrors.
>Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus

If you hold a $100 bill in front of a mirror, you see two $100 bills
but remember, you can spend only one.

-Z