Wednesday, November 19, 2008

Free Money Finance: Seven Tips for a Better Resume

Free Money Finance: Seven Tips for a Better Resume:
"Yahoo lists seven tips for a better resume as follows:

1. Select the best format.
2. Make certain your document is error free.
3. Find a balance between wordiness and lack of detail.
4. Do not use personal pronouns.
5. Use numerical symbols for numbers.
6. Think 'accomplishments' rather than 'job duties.'
7. Keep it positive."
There is more as well as some things that Yahoo does not have. So if you are on the Job Market, definitely click through!

Free Money Finance is one of my favorite personal finance blogs. Definitely worth reading! (I think so highly of it that I get it via both MyYahoo, iGoogle, and my Google reader!)

Monday, November 17, 2008

Apple's Stock (AAPL) Cheap, Cheap, Cheap

A good example for all classes, but even better for SIMM

Apple's Stock (AAPL) Cheap, Cheap, Cheap:
"Apple generated $8.5 billion of free cash flow in fiscal 2008 (through September). Apple's enterprise value at $88 a share is about $56 billion. That's 7X trailing free cash flow."

Saturday, November 15, 2008

Insider trading class discussion

from Bnet

"PETE ROSE not betting on the Reds on a particular day certainly told other bettors, bookies, etc. that something was not right with the Reds that day (due to an injury or whatever). That is terrible! His silence was tantamount to insider trading. We all know how many hits Pete had, but I wonder how many "hits" were made by gamblers because of Pete's inside knowledge"

and then my personal favorite from a couple years ago. WOW!

"You have to read this! It has everything any insider trading case could want---from a retired seamstress, to classified ads placed to hire accomplices, to the theft of advance copies of BusinessWeek, to strippers, to Russian baths. (I am not making this up!)"

Wednesday, November 12, 2008

Finance 401 project

Due to a conflict with the Finance 401 exam, the term paper will be due Dec 3rd.

Monday, November 10, 2008

Jeremy Siegel's Mistake: Why Stocks Are NOT "Dirt Cheap"

Jeremy Siegel's Mistake: Why Stocks Are NOT "Dirt Cheap":
"The 15X average PE for the S&P 500 is what you get when you use professor Shiller's methodology, which averages 10 years of trailing earnings (and, therefore, if profit margins are normal, uses earnings of about 4 years ago). Prof Siegel's earnings estimate, meanwhile, is a forward estimate--one that adds about 5 years of trended growth (6% a year) to the Shiller estimate, but uses the same PE.

We suspect that, if Prof Siegel performed the same 'trended' analysis over the entire 20th Century, the average PE for forward trended earnings would be about 11X-12X, not 15X. This, we expect, would produce a fair value estimate much closer to that of Shiller, Grantham, Smithers, et al."
Given our class discussion on ratios and using multiples to value equities, this one is a must read for all classes! (yes click through to the article)