HDTenEightyP/NetNews huggingface dataset:
From: rmandel@bu.edu (Richard Mandel)
Newsgroups: misc.invest
Subject: Re: Where to turn when stock funds come down
Date: 22 Dec 92 14:38:43 GMT
X-Newsreader: Tin 1.1 PL5

The most likely cause of a large decline in the US stock market will be an
increase in interest rates.  As long as interest rates are stable it unlikely
that we will experience a decline of more than 5-10%.  It appears presently
that we have hit the bottom in short term rates but that long term rates 
will continue to decline for a while longer (up to another year).  When
short and long term rates begin to climb watch out.  At that point you 
would either like to be in money market funds or some kind of inflation 
hedge.  Gold or gold stocks are very volatile and difficult to make money
from.  Energy stocks tend to perform well in an inflationary environment.
You certainly don't want to be in any instrument that offers fixed interest
rates like bonds.  Foreign stocks may be good since the recession overseas
is lagging ours.  However, if interest rates increase in the US then the
dollar is likely to perform well relative to other currencies and you
will lose on the exchange.  

This is a query that needs continued discussion as economic conditions
change in the near term but I would continue to look at interest rates
and Fed policy as a good clue to the future prospects of the stock 
market.

Rich


-----------------------------------------------------------------------------
Richard Mandel			|	E-mail address: rmandel@acs.bu.edu
Boston Univ. School of Medicine	|	Phone No. 617-638-4512	
Boston, MA 02118		|	Fax No. 617-638-4085
----------------------------------------------------------------------------
Xref: sparky misc.invest:15219 sci.econ:9494
From: abhinava@sco.COM (Abhinav Aggarwal)
Newsgroups: misc.invest,sci.econ
Subject: Rare book on market analysis
Date: 18 Dec 92 18:49:52 GMT
Organization: SCO Canada, Inc.

I am looking for the title and author of a rare book
that was published in limited quantities (<10) sometime
between 1875 to 1930.

Unfortunately, I do not have the author's name or title,
but I think I have seen it mentioned in this newsgroup.

Does anyone know which book this is ?
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 28 Dec 92 22:32 PST
Subject: Re: S-corp advantages and disadvantages
Nf-ID: #R:1992Dec23.163901.3610@ctaeng.com:1734228204:cdp:1426500316:000:1166
Nf-From: cdp.UUCP!mcaldon    Dec 28 22:32:00 1992


|S-Corps don't pay income taxes.  All profits are passed on to shareholders
|as dividend income, which is subject to income tax but not to social
|insecurity tax.  Hence, there is no "double taxation" as there is in a
|C-Corp.
|If the corporation also pays the owner(s) some sort of salary, the owner
|will declare this as earned income and the corporation will declare the
|salary as a payroll expense.
|Ralph

If we want to be picky about this, S-Corps pass along profits as
distributions, not dividends.  If they receive dividend income, they
do pass that on as dividends so the recipients can enter them properly
on their 1040s.  You may be right about S-Corps never paying taxes but
I'm not sure in the case I cited.  If an S-Corp was foolish enough to
declare a dividend of its own, seems to me it would be liable for income tax.
                           
|       DMcKenzie        |      "Time is the best teacher.      |    
|    mcaldon@igc.org     |    Unfortunately, it kills all its   |
|                        |    pupils."   Hector-Louis Berlioz   |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||


                               

Newsgroups: misc.invest
From: philco@microsoft.com (Phillip Cooper)
Subject: Re: Novell to buy USL
Date: 31 Dec 92 17:53:12 GMT
Organization: Microsoft Corporation

In article <1hq4lmINNgri@cronkite.Central.Sun.COM> dbernard@clesun.Central.Sun.COM writes:
>In article J5G@polstra.uucp, larryba@polstra.uucp (Larry Barello) writes:
>>In article <1hcbt7INNbbm@cronkite.Central.Sun.COM> dave bernard write:
>>>...
>>>	What does NT sell for these days?
>>>
>>
>>Last I checked $60 or so got you a CD-ROM with the entire NT development
>>kit, compilers, the OS all tools, tons of samples and the entire 
>>documentation set.  I am certain that the paper doc's cost extra.
>>
>>Eat that USL...
>>-- 
>>Larry Barello			uunet!polstra!larryba
>
>Is this a development package, sold only to qualified ISVs, or is it
>the end-user price?  
>
>	Dave
>

It's available to anyone.  It is only available on CD-ROM though, so you
would need a CD-ROM drive to be able to use it.

Phil Cooper

Newsgroups: misc.invest
From: duel@shell.portal.com (Omid M Farr)
Subject: Re: Q: brokers accepting credit cards?
Organization: Portal Communications Company
Distribution: usa
Date: Mon, 4 Jan 1993 01:22:47 GMT

In article <1993Jan3.232427.29433@cucbs.chem.columbia.edu> monge@cucbs.chem.columbia.edu (Alessandro Monge) writes:
>I've contacted a couple of brokers and asked if I could pay with a credit
>card.  The answer was NO (only checks or money orders).
>Does anybody know brokers accepting payments with credit cards?  Is there
>a particulat reason for them not to accept credit cards?

Yes -- remember, that merchants have to pay the credit card company anywhere
from 1-2.5% * the purchase price.  There is no way brokers could stay in
business if they had to pay their commissions to the credit card companies.
It would add up very quickly.  Your $10k trade costing you $50 commission
would cost the brokerage $200 if you used a Visa (assuming a 2% fee -- I
believe the average fee is 1.7% for Visa/Mastercard)
From: thiru@lgc.com (Thiru Bollam)
Newsgroups: misc.invest
Subject: Tax implications in Options trading.
Keywords: Options, Tax.
Date: 3 Jan 93 19:10:24 GMT
Article-I.D.: lgc.1993Jan3.191024.11213
Distribution: usa
Organization: Landmark Graphics Corporation


	I'm beginning to understand the issues in trading Options and
	looking for help from some knowledgeable traders.
	
	Does the profit made in Options trading attract a higher percentage
	of tax? Or will it be considered as an ordinary income? 

	Assume that you have enough money for both the following cases,
	which transaction is more profitable?

	a) Exercise the call option, and sell it immediately at some profit ($X)
	b) Close the transaction at same profit ($X)
	
	Which kind of transaction is subjected to more tax to reduce your 
	net profits ($X-tax).

Thanks in advance
Thiru
Newsgroups: misc.invest
From: paul@panix.com (Paul Gatker)
Subject: Re: Condemned by Barron's--Is it significant????
Date: Wed, 30 Dec 1992 05:20:43 GMT
Distribution: usa
Organization: PANIX Public Access Unix, NYC

In <gilman-291292102242@143.48.10.10> gilman@cshl.org (Michael Gilman) writes:

>The company they trashed this week was NatureUs 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 MondayUs trading.

 It went down 4 3/4 to 18 3/4  with just under 3/4 million shares traded.

 
-- 
*******************************************************************
paul@panix.com                                    COMPULITE GRAPHICS
Brooklyn NY usa                                Design & Consultation
********************************************************************
From: an030@cleveland.Freenet.Edu (Broward Horne)
Newsgroups: misc.invest
Subject: Re: Condemned by Barron's--Is it significant????
Date: 23 Dec 1992 21:48:08 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Reply-To: an030@cleveland.Freenet.Edu (Broward Horne)
NNTP-Posting-Host: hela.ins.cwru.edu


In a previous article, rravi@cbnewsj.cb.att.com (ramesh.ravi) says:

>In article <Bzq8uH.9E2@cs.uiuc.edu>, watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>> 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.
>> 
>> >Does anyone know of other cases where Barron's screws up like this?


       Yes.  They missed BIG-TIME in 1929.

>> 
>Actually Software Toolworks went up most of the last week because of the
>recommendation from Dan Dorfman from CNBC. I think he recommended sometime
>in the beginning of the last week and the TWRX went up from around 5 dollars
>to 7 dollars and after the recommendation in Barrons this Saturday it went
>up another 1 1/8 on Monday before it backed off 1/2 yesterday.
>
>Ramesh Ravi
>ramesh@nra0.att.com
>(908)615-5082
>
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 24 Dec 92 20:48 PST
Subject: Re: S-corp advantages and disadvantages
Nf-ID: #R:1992Dec23.163901.3610@ctaeng.com:1734228204:cdp:1426500315:000:1087
Nf-From: cdp.UUCP!mcaldon    Dec 24 20:48:00 1992


|One thing I have heard is that one advantage you have with S- Corporation
|is that you do not have to pay any social security tax on the net
|dividends that are passed on to the share holders. This is difference
|from single-proprietership where there is 15+% social security taxes.
|Can someone verify if this is true? In the books I read, no one has
|quoted this as an advantage of S-corp. May be I am missing something here?
|chandra

S-Corps are generally used to pass along profits or losses, not dividends,
to shareholders.  Profits and losses from S-Corps are reported on Schedule
E and are not subject to SS tax, just income tax.  Proprietor earnings are
reported on Schedule C, which is subject to SS tax.  So you have a point.
If either type of corporation pays dividends, these are not deductible to
the corporation.  So both you and the corporation pay income tax on the 
same money, commonly known as "double taxation."   DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: tut@cairo.Eng.Sun.COM (Bill "Bill" Tuthill)
Newsgroups: misc.invest
Subject: Re: What good is a non-deductible IRA?
Date: 28 Dec 1992 22:27:53 GMT
Organization: Sun Microsystems Inc., Mountain View, CA
Distribution: usa
NNTP-Posting-Host: cairo

tpradeep@cs.tamu.edu (Pradeep K Tapadiya) writes:
> 
> To my understanding, if one cannot deduct an IRA, the only tax advantage
> of having an IRA is that the gains could be tax-deferred.

Many people have posted to correct Pradeep's misconception about mutual
fund distributions, but so far nobody has addressed the other concern.
Pradeep's statement above is correct.

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.  Moreover, you never know
when Congress is going to change the tax law.  Why I'm so old I remember
the days before a 10% penalty!

If you have access to one, a 401(k) or 403(b) is superior because they
are fully deductible, have higher maximums and no salary cap, and often
provide loan provisions.  If you are self-employed, a Keogh is better
because it is fully deductible.

Newsgroups: misc.invest
Subject: Re: Why would AT&T sell UNIX (USL)?
Keywords: UNIX, USL, Novell, AT&T
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 24 Dec 92 16:58:27 CST
Organization: Garys' Home for Obsolete Computers

girisha@netcom.com (Girish Andalkar) writes:

> Everybody is trying to figure out why Novell bought USL.
> Nobody is figuring out why AT&T sold it.  Somebody is
> definitely making a mistake. But who?

Everyone but Novell. If this deal happens, Unix is dead as an
operating system. Check Novells' pricing on NetWare, versus
the functionality it provides. Then look at how much more Unix
can do, versus the price of even the expensive versions like
SCO. Look at the projected cost of Unixware ($500/single user,
$2500/"server") which is a gutted product (no compiler, no
documentation package, no man pages) with nothing but IPX
*client* features added (i.e., someone with Unixware can log
into a NetWare server and map drives on it, but the Unixware
filesystem is *not* accessable over the net). NetWare 3.11
100-user version retails for $6995, and basically emulates
a disc drive and print buffer, with a few TSRs (NLMs) that
have added some extra features. Currently, Dell Unix SysVr4
with *everything* that's normally optional is $1600. Which
way do *you* think Unix pricing is going?

And for those thinking it might result in less litigation,
dream on. Novell has in the past sued (and won) business that
had a dealer set up a network, and who paid the dealer for 
the software--but the dealer was only using one package, and
installing it in several places, charging each of them the
full price! Instead of stepping on the dealer, they went after
the customer (to the tune of a $20K judgement in at least one
case of a small company). Novell is no more adverse to suing
people than AT&T/USL.

I think Novell is destroying a competitor. I've heard all
the promises before ("we'll continue, we'll support, we won't
abandon existing customers, we'll maintain compatability, etc.),
and don't trust them. 

Incidentally, we use both Unix and NetWare at work. I prefer 
Unix, unfortunantly nobody has generated a add-on for Unix
that integrates Dos systems as easily as NetWare. If USL had
spent some effort towards such a feature, they'd have over
half the PC-LAN market, easily. They find it easier to file 
lawsuits.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Book value
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Sat, 26 Dec 1992 21:37:07 GMT

In article <1gubnaINNac0@usenet.INS.CWRU.Edu> af322@cleveland.Freenet.Edu (Kevin Adams) writes:
>I recently recieved a list of stocks from an investment letter that
>is trying to get my business that are supposedly selling below
>book value.  What does this mean and is this info worthwhile?

Book value is a number the accountants place on the financial
sheets.  More or less it is the company's Assets-Liabilities
divided by the average number of shares.   So a share of stock might
sell at $20 and have a book value of $25.

In theory - certainly not real life -- Book Value is what would be
left over for shareholders to split if the company were immediately
liquidated.  So each shareholder could expect -- in theory only --
to receive the book value.  So if the stock sells for $20 but has a
liquidation value of $25, some people see this as a good deal.

The ratio of a stock's price to book value is  often industry
(market segment) dependent.  This means biomedical companies
tend to have one ratio while insurance companies tend to have a very
different ratio.   Within an industry, a high price to book ratio
could mean the stock is overpriced or it could mean investors
believe this company is really got a great future ahead.
Similarly, within an industry, a low price to book ratio (even
a ratio less than 1.0) could mean the stock is undervalued and as
soon as investors realize this it will shoot up, or it could mean
the stock isn't thought to be going anywhere.  Or any number of
other reasons.  (e.g., the book is considered to be too high or too
low, although correct from a strict accounting view.)

Some mutual funds actualy specialize in "undervalued" stocks - those
which have a low price to book ratio for thier industry.  The trick
of course is to determine just why the ratio is where it is.

>Also, would anyone happen to know of a short term investment to
>put $300 into that could make a decent return?  

How short term?  If only 6 months or so, I would suggest buying a
US Savings Bond which pays around 4% for 6 months, and higher if
held longer.

With broker commissions the way they are, the commissions would eat
up much of your $300.   Even mutual funds often require between
$1000-5000 as an initial investment, although no-load mutual funds
at least get you into higher risk but higher potential returns, for
investments starting around $1000.

If you want higher risk/higher potential rewards, and faster
protential returns, you could try the race track or casinos.
But those discussions should be discussed in misc.gambling.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: georgec@eng.umd.edu (George B. Clark)
Subject: Buy Recommendation For Shares Priced Greater Than Book Value
Date: Tue, 22 Dec 92 15:49:10 GMT
Organization: University of Maryland


The current issue of Money Magazine ranks Syntex as their highest
buy recommendation for 1993. However, the current issue of Business
Week ranks Syntex as selling at twice its book value, even though its
share price is half its 52-week high.

Is this a contradiction?



Newsgroups: misc.invest
From: pkedrosk@student.business.uwo.ca (Paul S. Kedrosky)
Subject: Re: AMD - what's your opinion?
Organization: University of Western Ontario
Date: Mon, 21 Dec 1992 21:37:28 GMT

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.

My understanding of AMD's legal woes is that they were prevented
from using Intel's microcode in their (AMD's) next generation of
Intel-clone microprocessors. More specifically, their next generation
is to be a 486-clone so that product has been pushed out until next
spring/summer. 

The good news? I think that spring/summer introduction of a a 486
clone product is still in lots of time to claim considerable
market share (assuming its price/performance is more than respectable
in comparison to Intel) from Intel, like its 386 chips already have.
They are also in position, accoring to a recent Business Week article,
to ship two more generations of Intel clone chips in rapid succession,
perhaps even leap-frogging Intel which presents some interesting
possibilities.

The badnews? As Intel found when shippig their 486-50, current chip
designs are really pushing the edge of current chip design techniques
and are requiring some kludges (like heat sinks etc.) to run
reasonably. AMD is likely to have both more and less problems than
Intel as they try and explore thesame territory but without Intel's
experience and with their hands tied somewhat in having another
manufacturer's design to build to.

After all this blather what do I think? I think they're a good twelve
month buy. I think the market is going to be all over this stock like
a dirty shirt in the next quarter or so and this may not be a bad time
to think about AMD.

Paul


 __________________________________________________________________________
     Paul S. Kedrosky              __/ "In a certain village in La Mancha,
    pkedrosk@business.uwo.ca      __/ which I do not wish to name, there
   University of Western Ontario __/ lived not long ago a gentleman..."
  (519) 679-2111 x5174          __/  
Newsgroups: misc.invest
From: ssimmons@convex.com (Steve Simmons)
Subject: >>>>>> Novell to buy USL
Date: Mon, 28 Dec 1992 13:52:26 GMT
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.

> However, as I posted earlier, this move by Novell is basically a symptom
> of the pressure Microsoft is applying to them.  They are desperate.  It
> is my unqualified opinon that this move will destroy Novell just as 
> Borland is suffocating from their purchase of AT.

Good point; however, there is one main difference.  The FTC is watching 
Microsoft very closely now and Microsoft may be divided into smaller
pieces.  This may even kill Windows/NT.  As we all know, a product is 
more likely to be killed by negative externalities then for good 
technical reasons. 

Thank you. 

						Steve Simmons 
Newsgroups: misc.invest
From: antonio@qualcom.qualcomm.com (Franklin Antonio)
Subject: Re: Stock Symbols for Fun & Profit
Organization: Qualcomm, Inc., San Diego, CA
Distribution: na
Date: Fri, 1 Jan 1993 00:17:44 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.
>You know, where the company had a lot of fun picking the symbol?
>For example:
>PNUT - Jimbo Jumbo
>OIL  - Triton Energy
>SODA - A&W Brands (Root Beer & other soft drinks)
... {most of Arthur's list deleted} ...

You produced a fairly complete list.  You had quite a few I didn't know.
Here are my additions...

JAVA  -- Mr Coffee
SIGN  -- PlastiLine
LOAN  -- Surety Capital
KITS  -- Merridian Diagnostics
FERT  -- NuWest Industries
ICE   -- Artic Alaska Fisheries
JIT   -- Frozen Food Express  (JIT = Just In Time)

Newsgroups: misc.invest
From: pag@aurora.hao.ucar.edu (Peter Gross)
Subject: Re: History was made today...
Organization: Malco Partners
Date: Wed, 23 Dec 1992 02:15:21 GMT

In article <1992Dec18.003753.14271@news.eng.convex.com> swarren@convex.com (Steve Warren) writes:
>In article <1gon7oINNshk@mirror.digex.com> hacker@access.digex.com (Dark Hacker) writes:
>>History was made today.  IBM's stock price dropped to below its book
>>value of 55 today, to close at 51 points per share on news that Big
	[stuff deleted]
>Second of all, IBM *DWARFS* Apple.  The fact that IBM stock is
>selling for less than Apple per-share is a coincidence based on the
>number of shares outstanding per company.  Your suggestion that
>Apple's share price rising above IBM's has some kind of significance
>is ludicrous.

IBM may "DWARF" Apple, but guess what, Microsoft may soon pass IBM.
At today's (12/22) close:

Stock	# shares (mil) 	Price	Market Cap
-----	-------------	-----	----------
IBM	570.7		51.75	$29.5 billion
MSFT	269.5		87.75	$25.5 billion
NOVL	294.0		26.75	$ 7.9 billion
AAPL	120.3		60.625	$ 7.3 billion
DEC	124.8		31.125	$ 3.9 billion
SUNW	 99.7		31.25	$ 3.1 billion

When Microsoft passes IBM in market cap, then we're really talking history...
Note that Novell is bigger than Apple, Dec, and Sun.

Just to toss out a real eye-popping number, check out Wal-Mart:

Stock	# shares (mil) 	Price	Market Cap
-----	-------------	-----	----------
WMT	1149		63.25	$72.7 billion

That would be a tough one to take over in an all-cash deal.

have fun
--
--peter gross
pag@scg.boulder.co.us
(303)-447-1374
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: guilford
Date: 22 Dec 92 07:49:21 GMT
Article-I.D.: andrew.IfBpIVa00iV442BYIu
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA


Does anybody have any information about Guilford securities?
Newsgroups: misc.invest
From: pkedrosk@student.business.uwo.ca (Paul S. Kedrosky)
Subject: Re: Buy Recommendation For Shares Priced Greater Than Book Value
Organization: University of Western Ontario
Date: Tue, 22 Dec 1992 16:30:28 GMT

georgec@eng.umd.edu (George B. Clark) writes:

> 
> The current issue of Money Magazine ranks Syntex as their highest
> buy recommendation for 1993. However, the current issue of Business
> Week ranks Syntex as selling at twice its book value, even though its
> share price is half its 52-week high.
> 
> Is this a contradiction?

Not at all. Stocks trade on a heck of a lot more than breakup value
(which is what you're at least party talking about with book).

Paul
 


 __________________________________________________________________________
     Paul S. Kedrosky              __/ "In a certain village in La Mancha,
    pkedrosk@business.uwo.ca      __/ which I do not wish to name, there
   University of Western Ontario __/ lived not long ago a gentleman..."
  (519) 679-2111 x5174          __/  
Newsgroups: misc.invest