Comcast cancelled their cyber security plan, so this is a great opportunity for FTR to gain customers with its Frontier Secure. Can anyone say ARPU?
I think their commentary will be favorable for its spring time
No doubt, their commentary was also favorable right before we experienced the largest real estate bust in history, so why would this time be any different?
The agency, which insures low down-payment mortgages, is reducing the upper limits of what it will backstop in areas where home prices are high.
Starting in the new year, the biggest cap in these areas will drop to $625,500 from $729,750. Limits will be set lower in about 650 counties as a result, the agency said.
The FHA will maintain current limits in areas where home prices are lower and said the move will allow it to refocus on less wealthy homebuyers.
Not if that don't beat all.
Foreclosures in the ultra-high-end housing market — homes worth $5 million or more — have skyrocketed 61 percent over last year.
That growth bucks the trend: Overall foreclosures are down 23 percent, according to a new report from Irvine, Calif.-based real estate information site RealtyTrac.
Until lately, that is. “Recently, we’ve been hearing from agents that they’re starting to see the high-end properties go to foreclosure and there turned out to be some data to support this notion that high-end holdouts are finally moving through the foreclosure process,” he said.
It may be a sign that lenders are now financially stable enough to start moving on ultra-high-end delinquencies and take the substantial losses these multi-million dollar homes represent.
Florida and California account for more than half the total number of multi-million dollar foreclosures . The Miami-Fort Lauderdale area had the largest number of foreclosures at 47, followed by the Los Angeles-Long Beach area with 35, but the trends are very different. Miami saw a 488 percent increase in foreclosures, while L.A. only saw a 3 percent increase.
Those two cities are followed by Atlanta, Orlando and the New York City and northern New Jersey area.
New SA article from equity watch.
FTR is the best company among the regional local exchange carriers with the highest growth rate for the next 5 years. Also, it offers the cheapest growth among its peer companies. FTR is also trading at cheap valuations, based on the multiples Of P/S and P/BV. So, I believe that overall FTR provides a compelling opportunity.
Years of gains can be erased in a very short time when market corrections happen.
Yes, didn't Jeffy buy back in at $34 last year?
Dead money for a year now, but only successes in his mind....lol.
CLEVELAND, Ohio - Greater Cleveland is on a losing streak. And we're not talking sports. We're talking jobs. Since May, the Cleveland-Elyria-Mentor metro area has lost more jobs than any large metro area in the country.
The Cleveland-Elyria-Mentor metro area lost 7,700 jobs between October 2012 and October 2013, according to the Labor Department's Metropolitan Area Employment and Unemployment report released Thursday. The Poughkeepsie-Newburgh-Middletown, N.Y., metro area came in second, losing 4,400 jobs, and Peoria, Ill., was third, losing 4,100 in employment.
Greater Cleveland's percent of jobs lost -- 0.8 percent -- was not the largest in the nation. That distinction went to Decatur, Ill., where employment decreased 4.3 percent. Manhattan, Kan., which lost 3.5 percent of its jobs was second and Palm Coast, Fla., with a 3.4 percent employment decrease, was third.
However, Cleveland-Elyria-Mentor was the only one of 49 large metros - those with populations of at least one million -- that lost jobs between October 2012 and October 2013. The metro area includes Cuyahoga, Medina, Lake, Geauga and Lorain counties.
Heck, maybe the whole State of Ohio. I know of many other struggling towns and cities there.
Once you lose the job base, people leave, population tumbles, property values drop, and tax base erodes.
Pensions cannot be paid due to insufficient contributions.
It will either go the way of Detroit, or Illinois.
"Eventually, the whole world is going to collapse," Jim Rogers chides a disquieted CBC anchor as he explains the reality that, "we in the West have staggering debts. The United States is the largest debtor nation in the history of the world," adding that "this is going to end badly."
However, the co-founder of Soros' Quantum fund is convinced that the commodity super-cycle is far from over, but driven by supply constraints (and cost increases) as opposed to demand from higher growth. The following interview provides more color on his commodity view as he re-iterates his bullish stance on Ag (with sugar a focus) and Natural Gas (some harsh natural realities coming), warning "don't get too excited about fracking," when he talks energy products.
Rogers, in his inimitable way, sums up the state iof euphoria that many markets find themselves in thus, "we are all floating around on a sea of artificial liquidity right now. This is not going to last."
On the end of the commodity super-cycle:
“Commodities have pulled back, but I would remind you that in all bull markets there are periods of correction.
In 1987 – during the great bull market in stocks – stocks went down 40 to 80 per cent around the world; again in 1989, 1990, 1994, etc. Every time people said the bull market’s over, but it wasn’t. I think that’s what’s happening with commodities now.”
On the next crisis:
"2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits...
debt has gone through the roof, the next one's gonna be really bad"
His final words:
"Be prepared, be worried, and be careful"
The average student debt load continues to rise as new data show the Class of 2012 graduated college with an average debt of close to $30,000.
The $29,400 last year's graduates hold in student loans is up from an average debt load of $26,600 held by 2011 graduates, according to an annual report from the Project on Student Debt at The Institute for College Access and Success.
While colleges are raising tuition, families' incomes are still suffering from the effects of the recession and remain flat — both factors are increasing students' need to borrow to attend school, says Debbie Cochrane, research director at The Institute for College Access and Success.
What's that work out to a month prime? Something in the neighborhood of $400?
So....Detroit and the State of Illinois are cutting retiree pensions.
And....the young are overwhelmed by their student loans and limited job prospects.
It doesn't take a rocket scientist to see that many more jurisdictions will also cut their untenable pensions now that a precedent has been set.
The young will continue to experience limited upward mobility.
How does this play for household formation?
Many older people will be unable to maintain independent living, and many young will be unable to afford to get their own places.
Answer- More people living under one roof to share expenses for economic reasons.
This will decrease the need for new homes.
If anyone thinks the timing of this is random you are kidding yourself.
Illinois's approval of this came the same day Detroit's Chapter 9 was OK'ed.
Many more to come.
Most retirees will be lucky to get fifty cents on the dollar. Detroit is trying for sixteen cents on the dollar.
I guess its a good way to save money that you don't have.