Sorry for the silly pun. United Online (UNTD) is a conglomerate of three online companies joined at the parent level. Their first, and oldest, company is a dial-up ISP that was created when Juno and NetZero merged. Their second segment is made of Classmates Online and Mypoints.com, which is an Internet marketing loyalty service. Their […]
Montier, in his Value Investing, spoke of the folly of looking at the price/sales ratio, which, considering the variety of earnings margins and capital structures, makes companies more or less incomparable with each other. He described it as nothing more than a transparent attempt to go up the income statement until the company looks good. […]
I was discussing value investing on a forum I frequent, and an objection someone raised to value investing is that everything that is knowable about a company is rapidly processed and analyzed by people who are smarter than you and have larger resources and bigger staffs. In other words, that markets are efficient, although he […]
The SEC, naturally embarrassed about letting Bernie Madoff get away with it for a mere 14 years, has taken to putting press releases on its homepage announcing their upcoming securities fraud actions. This one, though, is particularly good. SEC Charges Nationally Known Psychic in Multi-Million Dollar Securities Fraud Now, securities fraud violations are like potato […]