Thursday, December 14, 2017

Fed raises rates a quarter point, hikes growth outlook for economy

Friday, December 08, 2017

PREHL #143 - Share Buy Back on Dec 7, 2017

Hoosier's note: This is the 2nd (consecutive) day that PREHL has conducted the Share Buy Back. Clearly, the management wants to send a message to the market that the shares of PREHL should worth more.

More importantly, however, like I said on January 13, 2016, the Share Buy Back also implies that PREHL is highly unlikely to raise funds, for its future expenditures, through equity issues.

Thursday, December 07, 2017

PREHL #142 - Share Buy Back on Dec 6, 2017

Thursday, November 16, 2017

Leonardo Painting Sells For A Record $450 Million (Or 62,500 Bitcoin)

The Moment Gary Cohn Realized His Entire Economic Policy Is A Disaster

...Ironically, Cohn's epiphany took place just as tax reform is approaching the final stretch in Congress and it increasingly appears that at least some form of corporate tax cut will be enacted. We say ironically, because the only thing Trump's reform will achieve is to dramatically accelerate recently slowing buybacks, which in turn will push stocks to new all time highs as price-indescriminate CFOs and Tresurers tells their favorite VWAP trading desk to just "wave it in." Which means that the White House paper suggesting corporate tax cuts will boost household income is correct... if it focuses only on the incomes of the richest 1% of households.