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A Win for Investors

Several months ago Facebook announced a plan to create a new, third class of nonvoting shares, designed to further strengthen Mark Zuckerberg’s voting control.  According to the latest proxy information, he already holds approximately 60% of the voting power in a two class stock structure. A trial for a class action law suit, seeking to […]

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Dow One Million?

Warren Buffett, speaking at an event to mark the 100th anniversary of Forbes magazine, suggested that the Dow Jones Industrial Average (DJIA) would be “over 1 million” in 100 years. One million may look like a big number, and it is, but it only assumes a compound average annual return of approximately 4%.  Considering that […]

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Before Search Engines, There Were Beauty Shops

Search engines are a great method of accessing information.  Just “google it” has become the “go to” way to find information on an infinite range of knowledge.  But before Google, Yahoo and all the rest, there was the beauty shop. Case in point.  More than 30 years ago, before the broad availability of search engines, […]

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How To Respond To A Data Breach

On September 7th, Equifax announced that the personal information of 143 million U.S. consumers was stolen from their servers.  Hackers stole data that included full names, birth dates, Social Security numbers, and addresses.  This breach is one of the largest, and some say most damaging, to date. We understand that there are a lot of […]

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Predicting Consumer Acceptance

Does anyone really set out to make a bad movie?  No, but many new movies, if not a majority, fail to gain consumer acceptance. The ability to successfully anticipate consumer acceptance is critical to corporate success and, therefore, to investors. Perhaps one of the better comments on this problem came from Steve Jobs, who is […]

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Corporate Tax Competition

Tax and other incentive programs, primarily state and local, aimed at attracting new corporate investment have been around for a long time.  The primary motivation for states is usually related to jobs and for the corporation, lower costs.  A recent, major, proposed transaction involves efforts to induce Foxconn (a key Apple supplier) to build a new […]

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