The practice of companies using their own, non-GAAP accounting standards to spin earnings is nothing new. But did last week's statement from Target Corporation (NYSE:TGT) go too far? The Minneapolis-based retailer’s spokesman Eric Hausman was quoted as saying it will exclude from its accounting statements costs from a recent technology breach where 40 million of its customer credit and debit card accounts were hacked and customer’s private information stolen.
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
Here’s a great video with Joel Greenblatt at the CFA’s Distinguished Speaker Series. During the presentation Greenblatt recounts the story of how he was able to explain the stock... Read More
Though Japan's latest stimulus could help ameliorate the negative impact of the stronger yen, Credit Suisse analysts see little change of an end to deflation in the near term.... Read More
There has been a back-channel whisper conversation on the Greek economic situation on many levels. There is the derivatives story, which, if appropriate steps at the SWAPs insurance writers... Read More
Interest Rate Announcement - All Eyes On The Fed
Interest Rate Announcement - All Eyes on the Fed - Today
Market Overview
Equity markets are in the green this morning with the... Read More
Stock Market Downturns: What You Need to Know by Chris Gilbert
Market downturns are one of the few guarantees in investing. At some point, stocks you own will also experience... Read More
Discussing the tough year at Hayman because of the recall crisis at General Motors Company (NYSE:GM), with Kyle Bass, Hayman Capital Management.GM is Hayman's largest position.
Hayman still owns General... Read More
Active Management - Fooled By Conviction by S&P Global
H/T Barry Riholtz
"Our destiny is frequently met in the very paths we take to avoid it." -- Jean de La... Read More
The Management Of Political Risk
Erasmo Giambona
University of Amsterdam - Finance Group; Tinbergen Institute - Tinbergen Institute Amsterdam (TIA)
John R. Graham
Duke University; National Bureau of Economic Research (NBER)
Campbell... Read More
The Securities and Exchange Commission has announced a new general council, according to a regulatory statement from the regulatory agency today. Geoffrey F. Aronow was appointed to the position... Read More
