Company Liquidation ? A review to consider

Around australia the particular Companies Take action specifies the particular properties and functions of your liquidator. Some sort of liquidator is usually hired at the beginning of a company liquidationto regulate plus accomplish the particular winding up of your company making sure that belongings usually are compiled and everything boasts usually are resolved prior to [...]

Source: http://www.legaldebthelponline.com/2012/02/12/company-liquidation-a-review-to-consider/

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Vishay Precision Group Meets on the Top Line, Misses Where It Counts

Vishay Precision Group (NYSE: VPG  ) reported earnings on Feb. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vishay Precision Group met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
Vishay Precision Group reported revenue of $56.4 million. The four analysts polled by S&P Capital IQ expected revenue of $56.3 million on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $54.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.09. The four earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS of $0.09 for Q4 were 63% lower than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 33.4%, 480 basis points worse than the prior-year quarter. Operating margin was 3.3%, 590 basis points worse than the prior-year quarter. Net margin was 2.1%, 390 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $57.4 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $238.9 million. The average EPS estimate is $0.81.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 24 members out of 25 rating the stock outperform, and one member rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Vishay Precision Group a green thumbs-up.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vishay Precision Group is outperform, with an average price target of $23.25.

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Source: http://www.fool.com/investing/general/2012/02/13/vishay-precision-group-meets-on-the-top-line-miss.aspx

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Alcatel Us Something Positive

Eric is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.

It took a while, but telecoms equipment maker Alcatel-Lucent

(NYSE: ALU)
is finally in the black. More than half a decade after it was born from the merger of a French (Alcatel) and an American (Lucent) company, the unified entity posted its first annual net profit, and on paper it looks pretty good. Net came in at around $1.4 billion, which is an encouraging improvement over 2010's loss of $392 million, a much better figure than 2009's shortfall of $723 million, and a vastly superior number than the $7.3 billion red digits of 2008. Another market-pleasing bit of news was that the company generated $713 million in free cash flow in the last quarter of 2011. Revenue was down -- 2% to $20.2 billion from the previous year's $20.7 billion -- but this apparently didn't detract from the other achievements. ALU shares traded up nearly 13% the day the results were announced.

It's nice that the company has finally reached the profitability base camp, but it's scaling a tall mountain. It operates in a bitterly contested industry and faces big hurdles in its top two markets, America and Europe. The former is stuffed with well-funded, world-beating competitors like Cisco (NASDAQ: CSCO)

, which although it's had its hiccups over the years has been more consistently profitable than ALU. It's also got better margins -- in its most recently reported fiscal year, CSCO had a net margin of 15%, more than double Alcatel-Lucent's new 7.2%. Meanwhile in Europe, the landscape is also competitive, but the big business issue at the moment is the continent's stumbling economy. To be fair to ALU, compared to Euro-competitors it hasn't done badly. Nokia (NYSE: NOK), for example, was knocked from the top of the mountain some years ago and has struggled to climb back up, as indicated by its declining revenue (down more steeply than ALU at $1.8 billion year on year, to $56.9 billion in its most recently reported fiscal year).

Additionally, ALU's nice 2011 numbers are a bit of a smokescreen. They were helped by around $466 million in deferred American tax assets and a $446 million contribution from call-center infrastructure subsidiary Genesys, which was sold last year and so won't be included in future results. The hundreds of millions of dollars in freshly generated cash flow is good, but there are bills to pay. The company had around $5.5 billion in debt at the end of 3Q and less than $4 billion to service it. Compare this to big rival Broadcom (NASDAQ: BRCM), which had a comparable level of cash on the last day of 2011 but a much lower debt figure (of $1.2 billion).

Thanks to its most recent results, Alcatel-Lucent probably has thousands of new shareholders who are now believers in the company. This is an encouraging first step, but it has to keep the momentum and grow its business in a more fundamental way. Otherwise, the law of stock market gravity will soon apply -- what goes up must, sooner or later, come down. And in this business it tends to come down fast.

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Source: http://beta.fool.com/evolkman/2012/02/11/alcatel-us-something-positive/1913/

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Markets Are Booming After Greece Passes Key Vote


greece

Last night, despite riots, fire, and tear gas out in the streets of Athens, the Greek parliament overwhelmingly passed its latest austerity bill, imposing deeper cuts on an economy that's already been ravaged.

Thanks to the vote's passage, the Greek bailout process lives for now, and stocks are booming today.

European indices are up over 1% across the board.

The Athens market itself is actually up over 5%. Peripheral yields are dropping again, and for now, the action is positive.

US futures are also up as well.

The whole thing is almost a bit surprising at least in terms of strength and consistency, and the fact that at least at this early hour, there's still no "sell the news" thing happening. Of course, the day is very early.

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Join the conversation about this story »

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Source: http://feedproxy.google.com/~r/businessinsider/~3/tk6PVO4Nd6g/markets-are-booming-after-greece-passes-key-vote-2012-2

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Stupid With Zeroes: 6 Stupid Taxes to Avoid

Income tax, sales tax, property tax ? does the list ever end?

Most of us agree that we have too many taxes, but we?ve come to accept that they?re just a fact of life. The good news is there?s one tax you can keep from paying?the stupid tax.

The tough thing about stupid tax is it?s like the anti-gift that keeps on taking. Some people make a poor decision that will follow them around for years, even decades. But just because you paid a stupid tax in the past doesn?t mean you have to pay one in the future. With that in mind, here are the most common stupid taxes and how to avoid them.

The Lottery

If you routinely play the lottery, you should do this instead: Hop in your car, open your windows, and drive down the interstate. As you drive, flick one-dollar bills out into the roaring wind. That will have the same effect as playing the lottery. Even better, you?ll provide a lonesome drifter with a few dollars cash.

How to Avoid: Drop those singles into a jar instead of playing the lottery. Once a year, transfer that money to your 401(k) or your kids? college fund. Lotteries are for losers.

Car Leases

Nothing says, ?Please, sir, take my money. A bunch of it!? quite like a car lease. Statistically, leasing is the most expensive way to drive a car. But, according to CNW Marketing Research, nearly one in five people lease their cars. The National Auto Dealers Association says car companies make more money off leasing you a car than if you bought a car with cash. Don?t fall victim to the ?fleece.?

How to Avoid: Save cash and buy a used car.

Timeshares

If you get a timeshare, we hope you really like it?because you?re never going to be able to sell it for anywhere near what you paid for it. You can hardly give the things away. You have no equity and ridiculous maintenance fees?all for the opportunity to visit a place, with minimal square footage, maybe once or twice a year. Why would you ever want to put your hard-earned money into something like that?

How to Avoid: Stay away from the sales pitches and rent instead.

Payday Loans

Do you smell that? It?s the scent of liberally applied hair gel. That can only mean one thing: a greasy payday lender has set up shop nearby. Run! That is, unless you?re into paying hundreds of percent interest. These guys are bottom feeders who prey on poor people. Stay away.

How to Avoid: Take Dave?s advice and just keep driving right past their buildings.

Retirement Loans

Living comfortably after 65 is just so overrated. Wouldn?t you much rather take loans out of your 401(k) today and pay ridiculous tax rates, rather than having a nice nest egg saved up for later? Just think: When you?re 70 and broke, you can move in with your adult children! How much fun does that sound?

How to Avoid: Short of avoiding bankruptcy, never, ever, ever dip into your 401(k). Just pretend like that money doesn?t even exist until you are 65.

30-Year Mortgages

One word: interest. Take a look at these numbers. Interest rates are currently hovering around 4%. With that rate, you would pay about $161,000 in interest on a 30-year mortgage of $225,000. For a 15-year mortgage at 4%, you would pay $74,000 in interest. That?s an $87,000 difference. Think of what you could do with $87,000! Pay for your kid?s college? Help fund your retirement? Maybe even buy another house? A 15-year fixed-rate mortgage is always the way to go.

How to Avoid: Get a 15-year fixed-rate mortgage with a monthly payment no more than 25% of your take-home pay.

If you think you?re on the verge of paying a stupid tax, take a deep breath, sit down, pick up the phone, and call The Dave Ramsey Show or talk to one of our Endorsed Local Providers. They will set you straight. And, better yet, you?ll save a lot of money and a lot of stress in the long run.

What are some stupid taxes that you have paid?

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Source: http://www.daveramsey.com/article/stupid-with-zeroes-6-stupid-taxes-to-avoid/lifeandmoney_debt

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Company Liquidation ? A review to consider

Around australia the particular Companies Take action specifies the particular properties and functions of your liquidator. Some sort of liquidator is usually hired at the beginning of a company liquidationto regulate plus accomplish the particular winding up of your company making sure that belongings usually are compiled and everything boasts usually are resolved prior to [...]

Source: http://www.legaldebthelponline.com/2012/02/12/company-liquidation-a-review-to-consider/

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February Deserves Its Bearish Reputation

February has been a particularly troublesome month in stocks since 1999. It has been a down month in eight of those 13 years, with an average decline of 4.3% in the down years. But even that doesn?t tell the whole story. Obviously, a decline doesn?t start on the first day of February and end on the last day of the month each year. So even in years when February was an up-month it was still often involved in a period of market trouble. For example, February was a positive month in each of the last two years, with the S&P 500 up 3.1% for February in 2010, and up 3.4% in 2011. However, in 2010 the weakness came early, a 3-week market correction of 7.9% beginning January 19 and ending February 8. Last year the weakness arrived late, with a four-week 6.2% correction beginning February 18 and ending March 16.

Source: http://www.forbes.com/sites/greatspeculations/2012/02/10/february-deserves-its-bearish-reputation/

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No Bargains in these 5 Big Banks

Christopher is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.

A lot of bank stocks have been beaten down the last few months so the question has to be have any of them become oversold? I analyzed five financial stocks to see if I could find any that are undervalued. With earnings reporting just around the corner, are any of them a good buy right now?

We start off with Citigroup, Inc. (NYSE: C)

, whose recent price around $30 is near the bottom of its 52-week trading range of $29.88 to $49.60, with a market cap of $89.87 billion. The price to earnings ratio is 8.20 while the earnings per share is $3.75. The main problem with Citigroup is it is facing into a monstrous headwind. Operational cash flow is good but it is still dealing with massive problems from its financial investment operations tied to the real estate crash and the shambling recession. The last two quarters it has averaged a -$34 billion cash flow, which continues to drag down the company's performance. Its book value stands at $60.56 per share but with their financial investment problems that number seems inflated to true value. Forecasters are expecting disappointing quarterly results. With a dividend of $0.04 yielding a pathetic 0.1%, unless you are the ultimate bottom feeder, it is better to keep a wait and see attitude with Citigroup until the company shows signs of solving its investment black hole.

Similarly, Bank of America (NYSE: BAC) has been beaten down with a recent price around $7 at the lower end of its 52-week trading range of $4.90 to $15.31. It shows, negative earnings per share of -$0.31 with no meaningful price earnings. Investors have short interest holdings at 157 million shares and at first blush, such an astronomical number might send warning flags. But compared to Bank of America's daily value of over 330 million shares, those short positions are not as alarming as they seem with the company's market cap of $66 billion. It carries a tiny dividend of $0.04 making for a yield of just 0.59%. Losses have been accelerating since the end of 2008, with almost -$3.6 billion in 2010 and general expectations are for higher losses. With the price to cash flow being a horrific -21.90 the company has been charged by observers of having the worst cost structure in the industry. This looks like another bank that all but the most adventurous investors should avoid for now.

In comparison with Bank of America, Barclays PLC (NYSE: BCS) has only about 10 million shares shorted, but with a daily average volume of only 5 million shares, there has to be more worry here because Barclays has the lowest market cap of the group at about $1 billion. There is a lot more chance for damage to be done with their recent price of around $12.37 off a 52-week range of $8.38 to $21.69. Shareholder ratios look comfortable here with earnings per share are $2.00 and a tiny price to earnings ratio of 6.18, while an annual dividend of $0.26 awards the second highest yield of this group at 2.11%. But it carries a small price to book ratio of 0.46 and the return on assets is only 0.20, half the industry average. With the British bank's exposure to the European economic vortex this looks like another investment that does not pass muster.

The last of our beaten down stocks is Goldman Sachs (NYSE: GS)With a recent price at around $98.96, it's also at the lower end of its 52-week trading range of $84.27 to $175.34. It boasts a market cap of $46 billion with a $6.36 earnings per share and a price earnings ratio of 15.56. It has a tiny earnings to growth ratio of 0.451, and an annualized dividend of $1.40 yielding 1.38%. Many forecasters are predicting Goldman Sachs to suffer decreasing earnings growth, and the consensus estimate is that the previous quarterly estimate of $2.74 may only be around $1.73. In fact, unless it posts a big earnings per share bump in January earnings per share will be around a 65% drop since 2010. There is a lot of downside here and not yet a lot of upside. This looks like another pass.

With the down beaten banks looking like a wasteland of opportunity let's compare them to Fifth Third Bancorp (NASDAQ: FITB). Fifth Third's recent price of around $14.03 is near the upper end of its 52-day trading range of between $9.13 and $15.57. The basic numbers show an earnings per share of $1.18 and a price to earnings ratio of 11.89. The earnings to growth ratio comes out at 2.175. The dividend comes in highest of the group, paying out $0.32 for a yield of 2.31%. It carries a book value of $13.73 per share and a cash flow of $1.15 per share. Solid numbers, but certainly no bargain. In fact it seems fairly priced for now.

So with this group of bank stocks there seems to be no bargains right now. You can get the first four at a good price but you are likely to ride a roller coaster for the near term while each solves their internal and market problems. For those who are extremely risk tolerant Bank of America seems to have the best upside, if they can get do something to improve their cost structure, but it would be wise to wait until after the January earnings reports to see what happens.

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Source: http://beta.fool.com/dividendkings/2012/02/08/no-bargains-these-5-big-banks/1785/

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