Posts by Aaron Task
- Aaron Task at Daily Ticker1 day ago
The proverbial window for IPOs may be closing, but it's still open at least a crack. On Thursday, Chinese messaging service Weibo and Sabre Holdings, the parent of Travelocity, made their public debuts. At 91 so far, according to Renaissance Capital, the volume of IPOs in 2014 is more than double the pace of 2013 -- the biggest year for IPOs since 2000. But as with a number of recent deals, including investment bank Moelis, Weibo and Sabre each sold fewer shares than expected, priced offerings below the expected range and struggled on their first day. (Shares of both Weibo and Sabre were up modestly in recent trading.)
- Aaron Task at Daily Ticker3 days ago
In conjunction with the April 15 tax deadline, the organization Americans for Tax Fairness released its annual report on Walmart and the Walton Family.
Subtitled "How Taxpayers Subsidize Americas's Biggest Employer and Richest Family," the report concludes the company and its founding family received $7.8 billion in tax breaks and taxpayer subsidies in 2013, featuring:
Walmart(WMT)calls the report "inaccurate and misleading” and even some who support its overall focus take issue with the specific findings.
- Aaron Task at Daily Ticker5 days ago
After a rapid rotation out of high-flying growth stocks and into value names, the bull market's music seemed to stop last week -- save for the faint sound of Martha and the Vandellas' "Nowhere to Run" playing in the background.
But while the selling has spread beyond formerly high flying tech and biotech names, David Winters, manager of the $2.3 billion Wintergreen Advisers funds, says there's still great value in value stocks.
As as "the bloom has come off the rose" of the "most speculative securities" investors are "realizing you'd rather go for the steak than the sizzle," Winters says. "We think there's a lot of steak out there that's available for big discounts: you can get filet mignon for chuck prices."
Winters' favorite cuts of beef (stock) include:
- Aaron Task at Daily Ticker8 days ago
After Russia seized Crimea last month, America and her allies responded with sanctions against Vladimir Putin's inner circle -- and a lot of rhetoric. “President Obama underscored to President Putin that the United States continues to support a diplomatic path in close consultation with the government of Ukraine and in support of the Ukrainian people with the aim of de-escalation of the crisis,” the White House said in a statement on March 28. “President Obama made clear that this remains possible only if Russia pulls back its troops and does not take any steps to further violate Ukraine’s territorial integrity and sovereignty.” Fast forward to today: Russian troops remain on the border and poised to strike, according to analysis of NATO photos released Thursday. Meanwhile, pro-Russian protests in several Ukrainian cities could provide Putin a pretext to annex more territory. With the American people and our NATO allies showing little or no appetite for conflict, the conventional wisdom among the pundit class is the U.S. is powerless to fight Russian aggression.
- Aaron Task at Daily Ticker22 days ago
"Unless we deal with coal, we're not going to be able to deal with climate change," says WIRED contributing editor Charles Mann, whose cover story in the magazine's April issue tackles the tricky issue of 'clean coal.' Clean coal sounds like an oxymoron: coal-fired plants are responsible for over 70% of the world's carbon dioxide, producing 10.4 billion tons per year, according to Mann. Coal also produces the vast majority of black carbon, the second-biggest contributor to climate change.
More than a century’s worth of coal remains beneath the surface -- an amount so large, two University of Victoria climate scientists calculated in 2012 -- that burning it all would raise Earth’s average temperature as much as 44 degrees Fahrenheit.