HDTenEightyP/NetNews huggingface dataset:
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Newsgroups: misc.invest
Subject: Re: What is Venture Capital??
Date: 8 Sep 92 19:02:58 GMT
Reply-To: ask@cblph.att.com
Distribution: usa
Organization: AT&T Bell Laboratories,  Columbus, Ohio

In article <1992Sep8.024704.28499@nmsu.edu> rscott@spock.NMSU.Edu (Joseph Good) writes:
>
>I heard some financial show on the radio, and in one discussion
>they kept refering to Venture Capital.  I'm an engineering
>major, and don't have a clue about much in the business world, 
>and I was wondering if somebody could clue me in.

The short answer:  Money.

Let's say you have a "Bright Idea" of how to make money.  You have
this idea for a gizmos, and all you need to bring it to market is
to turn out some prototypes, get a few buyers to buy the first few
gizmos, advertize it around, and in a year or two you will be making
money hand over fist.

But you don't have the money to get started.  And the bank doesn't
really know much about gizmos and isn't willing to wait two years
before getting paid back on any loans it makes.  And, besides, the
bank thinks it's too risky and the Feds will get on their back for
making risky loans.  And the two guys down the block who do have
money to loan want it back by the end of the week at 50% interest.

So what do you do?

Look for your friendly neighborhood venture capitalist.

A venture capitalist has money to loan, often in return for 
certain payback arrangements as well as stock in the company and
perhaps a hand in the management of the company.   For example,
if you need $350,000, the V.C. may lend you this amount, and you
give him an agreement to pay this back on a schedule over a 5 year
period, you give him 33% of the shares of strock in your company and
a seat on the board of directors.

If for some reason your plans don't work out as you expected, and
you spend all the money and still don't have the gizmo's bugs worked
out, you may have to call it quits.  The venture capitalist will
be out the money (the gov't will help with taxes though)  and you
will be out of business.

But if your business thrives, and you start earning  $5 million net
a year, the V.C. owns 1/3 of your company so profits by your good
fortune.

Some venture capital companies are actually run as subsidiaries by
banks and investment banks and brokerage firms, others are private
companies, often specializing in some service or technical industry.
They are often listed in the yellow pages.  And they often require
much more detailed business and  marketing and manufacturing plans
than you can imagine.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: limpus@quip.eecs.umich.edu (Cheng-Dao Lim)
Subject: goods export to the oriential
Organization: University of Michigan EECS Dept., Ann Arbor, MI
Date: Tue, 8 Sep 1992 06:06:19 GMT

Does anyone have GOOD products and would like to expand his business by exporting
them to the Oriential (i.e. Taiwan, Korea, mainland China)?

Please contact me if you are interested.

Cheng-Dao Lim
limpus@eecs.umich.edu

Newsgroups: misc.invest
From: rich@haven.mitre.org (Rich Verjinski)
Subject: Bonds being called... ?
Organization: The MITRE Corporation
Date: Thu, 10 Sep 1992 12:04:47 GMT


My father, who is retired, owns shares in a Pain
Webber bond mutual fund.  The salesman ("advisor")
from Pain Webber told him that many of the bonds
in the fund were being called, and he should therefore
move his money into another vehicle.  The salesman
also said that because of the bonds being called,
he may loose 1 or 2% of his principle in the account.

I looked in this months Kipplingers mutual fund report
and saw that the Pain Webber bond fund in question
performed below average. (I think it is the Pain Webber
Global Bond.)

Is the salesmans reason legitimate for moving my fathers
money out of this bond fund?  I realize that my father
may want to move this money because the bond fund is 
performing poorly, but should he bail out just because
bonds in the portfolio are being called?
From: un026217@wvnvms.wvnet.edu
Newsgroups: misc.invest
Subject: Professional investor report
Date: 5 Sep 92 15:21:54 GMT
Organization: West Virginia Network for Educational Telecomputing

Hi, netters

I got the following news item from DOW JONE NEWS in
//wires database:

professional investor report

8/28 hughes supply (HUG) P-Alert: -3/4 on 151,600

HUGHES SUPPLY INC.
 Last Trade NYSE: -3/4 at 13 5/8 on 1/4 downtick
 Trade vol:       6,500 =   4% ttl vol=  0.2%  shrs out
 Ttl blk vol:    79,900 =  53% ttl vol=  1.9%  shrs out
 Avg blk vol:       N/A = N/A% avg daily vol
 Ttl vol:       151,600 = 3316% avg daily vol
 Avg daily vol:   4,572 / Prev day + 1 1/8 on 126,700
-0- 12 21 PM EDT 08-28-92}

Could someone help me read this please?

Thanks in advance, Bo Wang
Newsgroups: misc.invest,alt.flame
From: jsvrc@rc.rit.edu (Doctor FORTRAN)
Subject: Re: Wall Street Week -with Gabelli
Originator: jsvrc@rcmain.rc.rit.edu
Organization: Flames 'R' Us (We 'B' Flames)
Distribution: usa
Date: Fri, 4 Sep 1992 21:40:47 GMT

In article <1992Sep2.175725.14671@b11.b11.ingr.com> greg@gregm.b23b.ingr.com (Greg Moritz) writes:

>You can get transcripts of the weekly shows by writing to
> 
>            Transcripts
>            Wall Street Week
>            Owings Mills, Maryland   41117
                                      ^^^^^
That's 21117!!!

>I wrote this address from memory (of twenty or so years of watching
>the show on and off) so if anyone notices an error please flame me.
>I mean it, really.  I love being flamed ....

Okay, consider yourself flamed. Bye! Gotta watch Wall $treet Week now!

==Doctor FORTRAN

Newsgroups: misc.invest
From: chang-mark-yan-ming@CS.YALE.EDU (Mark Yan-Ming Chang)
Subject: Re: 401k Rollover Legality Question
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158
Date: Sat, 5 Sep 1992 16:38:17 GMT

In article <qwTLqB2w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>jhc@m2lll.uucp (James H. Coombs) writes:
>
>
>Another tax trap, not directly related to 401Ks but having to do with
>deferred and nondeferred IRAs, forces you to take withdrawls proportionatly,
 ^^^^^^^^     ^^^^^^^^^^^
>even if you've kept the accounts separate, forcing you to pay penalties
>unnecessarily.
>

Do you mean deductible and nondeductible contributions to IRA?
Nondeferred for what?

thanks,
Mark
-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
From: bw@hal.gnu.ai.mit.edu (Bruce Waldman)
Newsgroups: misc.invest
Subject: Re: Star/Cirrus network access feenex
Date: 6 Sep 92 01:17:46 GMT
Distribution: usa
Organization: /etc/organization

In article <65312@cup.portal.com> Amiga@cup.portal.com (Philip Barry Kirschner) writes:
>Yes, I have a card with citybank.They charge no ATM access fee's no matter
>which cirrus or nice bank I am on.It's good all over the world on 6 differ
>ent cash exchange systems.
> 
>Phil

Chase Manhattan in Delaware has free Plus and NYCE access.
You wouldn't have guessed, would you?
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Newsgroups: misc.invest
Subject: Re: WSJ Valueline article
Date: 14 Sep 92 17:56:29 GMT
Organization: Physical Sciences Lab, University of Wisconsin

In article <95937@bu.edu> merritt@macro.bu.edu (Sean Merritt) writes:
>
>
>There is a pretty negative article on VALUE LINE in
>today's Heard on the Street column. Any netters care
>to comment on how they been doing this year following
>VL's picks? If you subscribe rather than going to
>your local public library you are already $525 in the
>hole.
>
>I thought it was interseting that the Group 5 outperformed
>their Group 1 picks. While they remain among top performing
>newsletters(rated by Hulbert) over a 12year period this 
>years performance puts them off the 8,5,and 3 year list.

I subscribe, but for the fundamental info rather than the ratings.
VL's picks are growth stocks with better than expected earnings - they
rarely pick cyclicals, or banks, which have done well in the last
couple years. Their rating system is strongly
affected by current momentum - so stocks tend to appear on their #1
list after they have already had a substantial run. So if you invest
in #1 stocks in this environment, you can expect to get killed
periodically when one of them disappoints. Their universe of 1700
stocks is largely small-mid cap, and small cap growth stocks have
gotten killed this year, after becoming quite overextended at the end
of last year.

Note that VL's system did very poorly in the first half of 1991 also,
when the #5 rated stocks did best.

I think one can do OK with VL's system in the long run, if one avoids
buying stocks which have already gotten overextended (which I usually
judge in relation to 3-5 year expected price - if stock is above the lower
price, one shouldn't buy. Preferably buy when price must rise 50% or
more to lower price.) I prefer to buy the growth stocks when they
are a bit beaten up, and that causes their timeliness rank to be lower
due to negative price momentum.

Don


-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
From: jordan@IMSI.COM (Jordan Hayes)
Newsgroups: misc.invest
Subject: Re: Professional investor report
Date: 13 Sep 92 16:08:41 GMT
Organization: Investment Management Services Inc., NYC

Bo Wang <un026217@wvnvms.wvnet.edu> asks:

	I got the following news item ...
	Could someone help me read this please?

I can try ...

	professional investor report

PIR is one of DJ's news wires.  It issues stories about stocks when
they have "significant moves" in price and/or volume.

	8/28 hughes supply (HUG) P-Alert: -3/4 on 151,600

A P-Alert is a "Price Alert" -- significant movement in price; from the
numbers below, it also looks like there should have been a V-Alert, or
volume alert.  This stock looks like it's "in play" at that point ...

HUG is the NYSE ticker symbol for this company.  When this alert was
issued, the stock had lost 3/4 of a point on volume of 151,600 shares.
This represents a nearly 1% change, probably the reason for the alert.

	HUGHES SUPPLY INC.

This is the name of the company :-)

	Last Trade NYSE: -3/4 at 13 5/8 on 1/4 downtick
	Trade vol:       6,500 =   4% ttl vol=  0.2%  shrs out

The last trade before the alert was for a downtick from 13 7/8 to 13
5/8 (the 1/4 notation) on volume of 6,500 shares.  It's down 3/4 for
the day so far, and stands currently at 13 5/8.  That means that
"yesterday's" close was 14 3/8.  This trade represented .2% of the total
outstanding shares of this company (3.25M) ...

	Ttl blk vol:    79,900 =  53% ttl vol=  1.9%  shrs out

Block Volume represented 53% of the total volume for the day, which is
nearly 2% of the total outstanding.

	Avg blk vol:       N/A = N/A% avg daily vol

The average block volume for this stock is not available.  Typically
this means this stock is either new or not used to block trading.  It
looks like this stock has made significant jumps in volume in the past
few days.

	Ttl vol:       151,600 = 3316% avg daily vol

Here's the kicker: total volume so far today outpaced "normal" volume
by 3300% -- this is a drastic move and should be the most significant
item in the blurb.

	Avg daily vol:   4,572 / Prev day + 1 1/8 on 126,700

The average daily volume of this thing is only 4500 shares.  This last
*tick* was bigger than that (6,500 above).  Wheee!  Yesterday it closed
up 1 1/8 on 126,700 shares traded.  Hang on for the big ride!

	-0- 12 21 PM EDT 08-28-92}

This alert was produced at 12:21PM EDT, not even 3 hours into the
trading day.

-----

Hope this was useful,

/jordan
From: nichols@macc.wisc.edu (Dennis J. Nichols)
Newsgroups: misc.invest
Subject: Income & Appreciation (was: Make 20-38% ...)
Date: 9 Sep 92 18:33:32 GMT
Organization: University of Wisconsin Academic Computing Center

Recent articles about making 20-38% with income stocks inspired me to 
look at the following data. 

From time to time, Value Line does a screen for income stocks with 
price appreciation potential. Take the one they did July 15, 1988. 
They considered stocks with ratings of Average or better in both 
Safety and Timeliness, with 3- to 5-year yields of 3.2% or more 
(their median prediction then), and 3- to 5-year price appreciation 
of 110% or more (also their median prediction then), and projected 
3- to 5-year annual return of 25% or more. Their list came out to 
21 stocks, 18 of which are still followed by Value Line. 

My model: On paper, I bought equal dollar amounts of those 18 stocks 
in July of 1988 and sold them in the summer of 1992. I did not do the 
sale very consistently - I took the price at the time of Value Line's 
most recent [to 9/8/92] quarterly report for the stock. The approximate
results are:

                     Appreciation    Avg Annual      Average     Total
                      Total 88-92   Appreciation      Yield    Annual Rtn

Value Line screen       18.2%           4.3%           4.1%       8.4%

DJ Indus. Avg           55.6%          11.7%            3% ?     14.7% ?

S & P 500               53.7%          11.3%             ?          ?

I think 3% is close for the DJIA yield for the four years; I don't have a  
clue about the S&P 500 yield.

Conclusion: This certainly did not beat the market!
From: mikesteg@syclone.detroit.sgi.com (Michael Stegbauer)
Newsgroups: misc.invest
Subject: Quotes Newsgroup?
Date: 10 Sep 92 19:42:46 GMT
Reply-To: mikesteg@atlas.corp.sgi.com(Michael Stegbauer)
Organization: sgi


Does anyone know of a newsgroup that gives reasonably timely Quotes?

Thanks
From: colburn@Oswego.EDU (Bret Colburn)
Newsgroups: misc.invest
Subject: Re: Disney stock
Date: 9 Sep 92 19:00:50 GMT
Reply-To: colburn@oswego.Oswego.EDU (Bret Colburn)
Organization: Instructional Computing Center, SUNY at Oswego, Oswego, NY

In article <1992Sep9.155127.1768@sarah.albany.edu> sysbrc@loki.albany.edu (Brian Cuttler) writes:
>The Question:  Will someone please email me the phone number for the
>correct department in Disney to get stock purchase information?

I'd be surprised if they'd sell the stock directly to you.  My guess is you'll
have to go through a broker.  If I wrong though, I'd be interested in the
details of how to do this.

+-----------------------------------------------------------------+
|  Bret Colburn                                                   |
|  CAE Link - Link Flight Simulation Division                     |
|                                                                 |
|  u6k75@lfkw2.bgm.link.com     or     colburn@oswego.oswego.edu  |
+-----------------------------------------------------------------+
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 14 Sep 92 19:49 PDT
Subject: Re: Economic effects of election result
Nf-ID: #R:1992Aug25.201647.23240@cbfsb.cb.:-1624006356:cdp:1426500256:000:851
Nf-From: cdp.UUCP!mcaldon    Sep 14 19:49:00 1992


|The best argument that I've heard against a nationalized (in the US, anyway)
|health care system is that it would be designed and implemented by the 
|same type of folks that brought us the Internal Revenue Code. 

A single-payer national health plan presumably would be an extension of
Medicare, not the IRS.  I've made a rudimentary analysis of Medicare
operations vs Blue Cross, and found, to my surprise, that Medicare is
considerably more cost effective.  I thought about writing an article
on the subject but decided I couldn't sell it.  DMcKenzie
                           
|                        |     "Nobody ever went broke from     |    
|    mcaldon@igc.org     |   underestimating the intelligence   |
|                        | of the American public."  HL Mencken |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Newsgroups: misc.invest
From: sparks@druhi.ATT.COM (SparksAE)
Newsgroups: misc.invest
Subject: Experience with T. Rowe Price Discount Brokerage ?
Date: 4 Sep 92 14:04:43 GMT
Distribution: misc

Does anyone have any experience using T. Rowe Price Discount Brokerage?
Good?  Bad?  Indifferent?

Their brochure advertises rates that look fairly attractive, but I haven't
seen them included in the various discount brokerage summaries I've seen
on the net.

Alan Sparks
From: bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann)
Newsgroups: misc.invest
Subject: Re: Reading Quarterly Reports
Date: 9 Sep 92 18:04:06 GMT
Organization: Logicon Technical Services, Inc.

In article <1685CDADD.M18611@MBVM.Mitre.Org>, M18611@MBVM.Mitre.Org (Kathy Wilk) writes:
>   Does anyone have an explanation of what to look for in a quarterly report
> when judging the health of a company?
>   I have started looking at the quarterly reports of the companies of some
> stocks owned by my investment club.  What I focussed on were: long-term debt
> and overall cash position.  I found that one of the companies looked to be
> more in debt (long-term) than last quarter and had less cash.  Yet, for the
> same period, Dean Witter gave it a glowing recommendation and talked about
> it's decreasing debt.

	QR are at least 3 months old.  Dean Witter is probably talking about
current results, while the QR are for the most recent full quarter.

>   I looked at the cash position and long-term debt following the recommenda-
> tions of Peter Lynch in 'One Up on Wall Street'.
>   I realize that there are other factors to be considered in the balance
> sheet (does anyone have recommendations as to what those factors should be?)
> but I looked at those two amounts to try to determine whether the companies
> could survive a worsening recession.

	Contact the NAIC.  They have forms for evaluating stocks.  (That's
National Association of Investment Clubs, the library should have their
address.)

>   Accounting is BORING but I think this should be basic research for our club.
> We are not interested in joining the national association of investors' clubs
> (don't remember the name).

        Why not?  The cost is minimal.

>   Any books besides Lynch's that treat this subject?
>   In talking to other people who 'dabble' in the stock market, no one is even
> remotely interested in analyzing these reports.

        We do, but then our club belongs to NAIC also :).

>   Got tips, success stories, etc., from your own analyses?

        Sure.  Readers Digest.  I recommended waiting in July, buy in August,
but the club voted it down.  It's gone up 7 points since then.
:(

        I used NAIC forms and S&P reports to do the analysis.

Brett--------------------------------------------------------------------------
	"Why the courts don't tell a husband who has been living off his wife
to go out and get a job is beyond my comprehension."--Joan Lunden
-------------------------------------------------------------------------------
Newsgroups: misc.invest
From: st1lv@rosie.uh.edu (McLeod, Stephen)
Subject: Japan no more
News-Software: VAX/VMS VNEWS 1.41    
Organization: University of Houston
Date: Sat, 12 Sep 1992 14:29:00 GMT

Well it was a nice ride but Yesterdays 4.5% drop is basically the signal I use
to get out so I'll be waiting for the Nikkei to drop a bit before I get back
in.  For now it's off to Scudder's Short Term Global Bond fund (9.28%) with the
last of my hard earned dollars. 
However, the MFF is recommending Twentieth Century Ultra again (27% expected 
return in 12 mos) so... I may finally switch companies.
---
Cheers
Stephen McLeod        Well my stomach has finally settled after 5 days.  Only
The Eternal? Student  9 days before I go back in again.
From: mparsons@fleming.csc.bcm.tmc.edu (Mark Parsons)
Newsgroups: misc.invest
Subject: Re: Fidelity Fund Options
Date: 10 Sep 1992 14:57:39 GMT
Reply-To: mparsons@fleming.csc.bcm.tmc.edu (Mark Parsons)
Organization: Baylor College of Medicine, Houston, Tx
Originator: mparsons@fleming.csc.bcm.tmc.edu


In article <1992Sep10.043037.14334@cs.brown.edu>, jhc@m2lll.uucp (James H. Coombs) writes:
|> 
|> Two Fidelity funds get top risk-reward rating from BusinessWeek:
|> Contrafund and Select Food and Agriculture.  Of course, no yokel company
|> pension planner will consider either of them.  In fact, as I understand
|> it, none of the 403b plans can use the selects.
       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

AAAAAAAAAACCCCCCCCCKKKKKKKKKKKK!!!! Wrong answer!! ;-)

Our 403(b) (with Fidelity) allows use of the Select funds . . I know . 
. . . I have money in a couple of the Select funds . . . sounds like
there may just be a limitation at your company? :-(

Mark

Newsgroups: misc.invest
From: alie@aslslc115.asl.dl.nec.com (Andrew Lie)
Subject: Food Lion (FDLNA/FDLNB)
Organization: NEC America, Inc. Irving, Texas
  ____________________________________________________________________________
 [							                      ]
 [  Andrew K. Lie                 *#*  (( Any opinions expressed are mine. )) ]
 [  alie@asl.dl.nec.com          ("=") (( They do not represent the views  )) ]
 [                                =*=  (( of my employer, NEC America, Inc.)) ]
 [____________________________________________________________________________]     
Distribution: usa
Date: Wed, 9 Sep 1992 15:26:36 GMT

Newsgroups: misc.invest
From: ed@odi.com (Ed Schwalenberg)
Subject: Re: Refinancing (considering ARM)
Organization: Object Design, Inc.
Date: Fri, 11 Sep 92 17:56:07 GMT

In article <1992Sep4.033922.929@Arco.COM> dprlcm@inetg1.ARCO.COM (Larry Morley) writes:
  In article <BtupG3.IyA@apollo.hp.com>, saz@apollo.HP.COM () writes:
  > I have been considering refinancing my mortgage and I've always
  > been a conservative person, however, I was wonedring how risky
  > would an Adjustable Rate Mortgage (ARM) really be ? Many banks
  > are offering about 4.5% with a 2% per year cap and 6% lifetime cap.

  I agree that ARMS are the only way to go now - especially if you can
  get a lifetime cap of 10.5%.

Read the fine print on your ARM before buying: many now state that the
6% lifetime cap is on top of the non-discounted rate (about 6.25%), not
the 4.5% "introductory" rate.  That is equivalent to a cap of about 12.25%
at current 1-year rates.
Newsgroups: misc.invest
From: aboba@world.std.com (Bernard Aboba)
Subject: Re: Intl Bond caution
Date: Sun, 06 Sep 92 21:07:49 GMT
Organization: MailCom
Followup-To: misc.invest

In article <1426500252@igc.apc.org>, McAldon International Inc.
<mcaldon@igc.apc.org> wrote:
> 
> 
> I just found out currency gains from int'l bond funds have to be
> declared and taxed as income at year end.  

Why would you want currency exposure in Internation bonds anyway?
Most investment pros hedge foreign bond purchases via currency
futures or forwards. That way they are guarnateed a return in
U.S. dollars, which is usually 0.5-1% higher than U.S. treasuries.

Bernard Aboba
Author of "Bulletin Boards and Beyond"
Internet: aboba@world.std.com          FidoNet: 1:161/445
MailCom, 5337 College Ave., Suite 326, Oakland, CA 94618
Fax: (510)540-1057
From: masimo@netcom.com (Michael Maas)
Newsgroups: misc.invest
Subject: Re: Trading program.
Date: 12 Sep 92 14:51:30 GMT
Distribution: na
Organization: Netcom - Online Communication Services (408 241-9760 guest)

I haven't been able to get options quotes off compuserve.  if you do please
post how you do it.

Thanks,

Mike