Nice post prime....thanks.
For some reason your articles get cut off but I Googled the company and found this important fact.
The dry-bulk shipping market is recovering from the biggest glut in history, according to Clarkson Plc, the world’s largest shipbroker. The fleet has swelled 84 percent since 2008 while trade advanced 31 percent, according to Clarkson’s data.
The piece also lists two other large freight companies tha have recently gone under.
Sounds like this industry tore a page out of housing's playbook.
So....is this a recipe for growth in the high end housing industry
The National Employment Law Project reports that that low wage industries employ 1.85 million MORE workers now than at the start of the recession while mid-and higher-wage industries employ 1.83 million LESS.
Low wage industries account for 44% of employment growth over the past four years but only 22% of job losses during the recession. As a result of this imbalance, the take home pay for households has fallen, averaging $51,000 in 2012, or 8% less than the average $55,000 in 2007, adjusted for inflation, according to the NELP.
"The average American continues to lose ground while the wealthiest ... continue to do phenomenally well," says The Daily Ticker's Aaron Task. "People are saying there's a problem not because that guy's getting rich but because (they're) falling behind."
13 Of 20 Cities See Price Drops.
Only five cities saw their annual rates improve in February. After posting annual gains of over 20% for their twelfth consecutive month, Las Vegas and San Francisco both showed deceleration in their annual rates. San Diego narrowed the gap with a return of 19.9%. Washington D.C. recorded its eight consecutive improvement with an annual rate of 9.1%, its highest since May 2006.
Thirteen cities declined for the month of February. Cleveland and Tampa showed their largest declines of 1.6% and 0.7% since January 2012. Seattle improved from a decline of 0.8% in January to an increase of 0.6% in February. Denver posted a small decline and is less than one percent away from its peak set in September 2013. Dallas increased 0.2% and continues to reach new index highs. Detroit remains the only city below its January 2000 level.
What's worse, even Case Shiller itself appears to have given up on housing as the driver of the wealth effect: "Five years into the recovery from the recession, the economy will need to look to gains in consumer spending and business investment more than housing. Long overdue activity in residential construction would be welcome, but is certainly not assured."
Line run-off has often been cited as the major reason to not own FTR.
While I don't want to minimize this, as it is a huge problem with ALL Telco's, it should not be the only thing considered.
This is why the phrase "win backs" exist.
FTR has a new and simple pricing plan in place and they aim to win back their old customers, and steal some more from the cable companies.
As FTR grows it's national footprint, the opportunities to do just this also grow.
No offense bs, but you only want to focus on a few things.
Tech 2.0 is imploding and there's a lot of money overseas.
When (bio)techs drop from the several hundred p/e and people get scared of what's happening out there in the big wide world, FTR is going to look like a pretty good place to park some money.
Amazon is at a 468 p/e for heavens sake.
China is going to flame out real soon.
All the while FTR is expanding their territory, upgrading their network, and introducing great new no-contract pricing.
FOUNTAIN INN, SC (FOX Carolina) -
Caterpillar has announced it is closing its Fountain Inn facility, leaving 510 workers without a job.
A spokesperson for the company said they will ramp down production in the second quarter and cease operations by the end of 2014, leaving 380 full-time employees and 130 temporary workers without work.
The manufacturing company said the decision was made after reviewing their business' footprint in order to improve efficiency.
They will move their Fountain Inn operations to existing facilities, transitioning marine operations to Griffin, GA, and the mid-range engine assembly line to Seguin, TX.
"We recognize that this decision will be difficult for our employees," said Tana Utley, vice president with responsibility for the Large Power Systems Division at Caterpillar, in a media release. "We value and appreciate the work that our Fountain Inn employees have contributed and their dedication to producing quality products. However, after considering our options, we have concluded we must move forward with this decision for better asset utilization. Our goal is to improve efficiency across our engine manufacturing footprint, while providing the highest quality products for our customers. We are committed to the industries served by products from Fountain Inn, including Marine and Industrial, and we will maintain and grow that commitment under this improved manufacturing strategy."
Well, 7,000,000 foreclosures and 9,100,000 seriously underwater homeowners for starts.
All the glitters is not gold.
If a foreclosure happens in the wilderness, does it make a sound? It seems like people have conveniently forgotten that since the housing crisis hit we have witnessed more than 7,000,000+ foreclosures. Do you think these people believe the Fed is almighty and can stop a speeding train or turn water into wine? Apparently some people forget that the Fed failed to prevent the tech bust or the housing bust in the first place. Now, the Fed is somehow the cult leader and the leader will not let housing values fall. The nation still has 9.1 million seriously underwater homeowners on top of the more than 7 million that have gone through foreclosure. It is abundantly clear that the mindless drivel of “buying is always a good decision” is just that. Investors are starting to pull back in expensive states because value is harder to find. I see the lemmings at open houses and you can see the drool at the side of their mouths hoping for a morsel of real estate. The Fed, for better or worse, has turned us all into speculators. Simply putting your money in a bank is a losing battle because inflation is eroding your buying power. Yet wages are not keeping up. What you have is people competing with investors, foreign money, and a market with low inventory and trying to guess the next move from the Fed. Yet the tech bust and housing crash (keep in mind these happened only since 2000) were major events not prevented by the Fed.
Which, I suppose, is why 1-in-4 homeowners regrets their home buying decision.
One out of four homeowners admit they wouldn’t buy their home again if they had the chance, according to a recent survey by real estate brokerage Redfin.
The biggest factor contributing to homebuyers’ remorse appeared to be affordability. Nearly one-third of homeowners who reported a household income of less than $100,000 said they were unhappy with their decision. In contrast, just 14% of homeowners who earned more than $100,000 said they were unhappy, according to the survey.
Younger homeowners were also more likely to have regrets. About 28% of homeowners under 65 said they regretted buying their home, compared to 14% of senior homeowners. And one in five homeowners with kids still living at home said they regretted their home purchase as well.
Redfin’s findings come around the same time as new home sales have begun to lag in the U.S. Sales of single-family homes fell by 14.5% to an eight-month low in March, with just 384,000 units sold. Experts have blamed slow sales on bad weather, low home inventory, rising mortgage rates, and a rise in vacant homes (homes that are under repair or being rented). Whatever the case, one thing is certain — buyers today are at a distinct disadvantage when it comes to finding a home that meets every point on their checklist.
Hey bs, remember when I said I'd be surprised if FTR stayed below $6 for very long?
Of course you do since you trot that statement out every chance you get.
Well....the shares of FTR that I have received through dividend reinvestment over the past 2 1/2 years in the $4-$5 range are sure looking good right about now.
Its time in the market, not timing the market that counts.
That's in part because several states are now taxing internet sales, thus making them less of a good deal.
Although I have never prescribed to your biblical references prime, some things do warrant consideration.
China has 1.3 billion people, or almost 20% of the world's population. I just read that 60% of China's groundwater is polluted and unfit to drink. China's lack of environmental controls during their industrialization period will have many long term ramifications for its citizens.
30% of the world's food is wasted and obesity is a huge problem in developed countries, so its easy to see famine as a much smaller problem if better controls were put into place.
Earth's carrying capacity is definitely going to be tested. The herd will need to be culled.
That is not bashing that is just a plain fact.
I never said you were a basher bs, although you did chose to respond to this thread.
Even you have to admit that there have been many better investments out there than FTR in the past 4 years.
Yes, I admit there were better investments out there over the last four years. I also admit there were worse investments out there over the last four years. Wanna talk about those? Of course not.
That has been the case since the 14's.
You only seem to recommend peer to peer when it suits you bs. When FTR was at $14 there were only 350 million shares outstanding. That was before the VZ dilution.
Due to a dismal first quarter and the expected loss of one of its largest clients, UnitedHealth Group, Express Scripts plans to cut 1,890 jobs across the country and close two Texas facilities within the next 12 months, said Brian Henry, spokesman for Express Scripts.
Wow.... Comcast is buying Time Warner, T wants to buy DirecTV, and Sprint wants to buy T-Mobile.
I'm still holding out for a FTR-WIN tie up.
Once CT property is folded in this year, who knows what will happen?
Not a lot of overlap and complimentary services.
It really does make good sense. Don't want to get lost in the shuffle.
Are they going bye-bye?
The shoe hasn’t dropped yet, but in the next few months or years, big, successful corporations in the S & P 500 are likely to do the unthinkable—stop offering employer sponsored health insurance to their employees.
Why? The combination of penalties imposed by Obamacare on so-called “Cadillac plans” as well as potential savings are impossible to ignore if you’re in the C-suite and responsible to investors. A new report by S&P Capital IQ shows exactly why companies can’t resist shifting the burden of providing health care to the feds. The report says:
•By shifting insurance to the employee, the Affordable Care Act presents an opportunity for U.S. companies to radically redefine the role they play in the health care system.
•The ACA could save S & P 500 companies nearly $700 billion through 2025, about 4 percent of those companies’ current market capitalization.
•If all U.S. companies with 50 or more employees made the switch, the total savings to businesses could be as high as $3.25 trillion through 2025.
•The shift benefits employers the most as the government and consumers take on a larger funding role.