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Posts published in August 2022

Colgate’s Two-For-One Special

Glenda Conner 0

Let me state the facts up front: I am a shareholder of Colgate-Palmolive and I have been for years. I own it, and it’s in accounts that I manage for clients. I’ve held it for years because I have high regard for the company, and I still do. But there’s a situation brewing there that bears watching.
In the ongoing AIG International investigation, former General Re CEO Ronald Ferguson has been questioned by the New York State Attorney General’s office over questionable transactions with AIG International. At Colgate-Palmolive, Mr. Ferguson chairs the audit committee, and is a member of the finance committee private investment trust
.
Also in the AIG International investigation, Ms. Elizabeth Monrad is responding to regulators’ questions about General Re transactions with AIG International. Ms. Monrad was the chief financial officer of General Re, and has since moved on to be the chief financial officer at TIAA-CREF. The pension fund reports “that she received a “Wells” notice from the enforcement staff of the Securities and Exchange Commission. ” Ms. Monrad is currently on leave of absence from TIAA-CREF. At Colgate-Palmolive, Ms. Monrad chairs the finance committee, and is the deputy chair to Mr. Ferguson on the audit committee.
While not involved in the insurance transactions, Colgate nevertheless finds itself affected by them: Mr. Ferguson and Ms. Monrad are very key persons on the Board. I make no assumption of any wrongdoing by them – that’s for the regulators to determine – but one can imagine that while they’re under investigation, their priorities may be quite different than they were at the beginning of 2005. How long will the investigations last? How will their priorities be reassigned as the investigations continue?
Most importantly: where does Colgate-Palmolive fit into the priorities of Mr. Ferguson and Ms. Monrad? The audit and finance committees need the talents of its members even more urgently as Colgate embarks on its ambitious plans to rationalize capacity. The distractions posed by the investigations are a concern to me. They should be a concern to all other long-term Colgate-Palmolive shareholders as well.
But What Does Myron Scholes Know About Options?
A lot more than most of us, I think it’s fair to say. (And I’d be happy to admit it, too.)
Remember the Cisco system for divining dubious values on employee stock options? The one they’ve put on the SEC’s plate for vetting? Then read this article from Dow Jones Newswires by way of Private investment Custodian: “Stock-Option Guru Scholes Doubtful On Cisco Value Plan.”
Mr. Scholes’ comments are straight out of Econ 101, (see: supply & demand). “In order to bring “a very idiosyncratic contract to the market,” he said, it would have to be sold at a discount “in order to encourage the market to take it.”
While Cisco is billing the alternative market price as an attempt to find an “accurate” valuation for stock-option expensing, Scholes said the market auction proposal is one that by its nature will not draw a true price. …

Pivot Point Trading

Glenda Conner 0

In this article, we will be discussing the Pivot Point Trading which is a very exciting topic for prop trader traders. This kind of trading has been around for a long time and was originally used by floor traders. Pivot point is very useful for floor traders prop trader  that time, since with this, they can predict where the market was heading during the course of the day with only a few simple calculations.
Professional traders and market makers use pivot points to identify potential support and resistance levels. To put it in simpler terms, the pivot point is the level at which the market direction changes for the day. These points can be critical support resistance levels. All you the information that you need for starters is that every day the market has an open, high, low, and close for the day.
Pivot points have some similarities with the Fibonacci levels. The only difference is that with Fibonacci, one must have a firm understanding and decisiveness on choosing swing highs and swing lows. However, in pivot points, one can use the same calculation. The pivot points are often used by short-term traders. These are traders who are looking for even the slightest movements in the price market and use them to their advantages.
There are traders called the Range-bound traders and the Breakout traders. The range-bound traders are traders who use the pivot points to identify the possible reversal points. And whenever they are sure that the market’s price will change in a certain point, then they can place their buying or selling orders depending on the outcome of the trend.
The breakout traders are traders that use the pivot points to identify the levels which need to be broken for a move to be classified as a real deal breakout. When you see chart which consists of acronyms, do not be confused. These acronyms are place there to help identify which the support and resistance levels are. And also, it will point out the pivot points.
The support, resistance, and pivot points are expressed by the following acronyms:
PP – this stands for the Pivot Point
S – this stands for the support level
R – this stands for the resistance level
It is very important to keep this information in mind. This will be used as an important factor when calculating the pivot points. You wouldn’t want to be left out, do you?…

Lesser-Known Information about On the net Casino Gambling Licenses

Glenda Conner 0

When thinking about 8g88 with regards to which on the net casino to be able to join, examining if in addition to where the specific internet casino is licensed is usually not really among player’s points. Plus that should end up being. As a player, consider not to be preoccupied with the flashing lights in addition to attractive online casino bonuses they have. Instead, prior to you join an internet casino, look for assurances that your money is in safe fingers. Our blog is going to help you find out whatever you didn’t know about on the internet casino video gaming licenses. All set? Let’s move!
What Is an On the net Online casino Gaming Licence?
A good gaming permit is a new electronic certificate of power. Even more exactly, it is issued by just a gaming control board which is officially required by almost any establishment that offers online games regarding chance or those people that require waterings, like online pai gow poker or kitchen table games. The requirements for the issuance of some sort of betting license vary from legislation in order to jurisdiction, of direct.
A reliable online gambling establishment should start it is business by acquiring a good gambling license.
Reliable on the net casinos should start their own business enterprise by means of obtaining a reputable on the web gambling license. Not only does that prove a good casino is definitely legal yet it likewise court warrants the casino operator’s trustworthy habits and responsibility to be able to some sort of fair game plan. Furthermore, a permit is a good indicator of openness in business enterprise operations and the stability of the gaming program agreed to customers.
Lesser-Known Facts about Entitlements
As this topic is somehow complicated, we’ve decided to accomplish a good little digging with regards to the gambling facts and points you didn’t know regarding casino gaming licenses. Here’s precisely what we’ve found out and about, so far.
Online players Have a tendency Always Pay Awareness to be able to Casino Gaming Licences
People usually don’t be aware of gambling establishment gaming licenses along with the reality is they should turn out to be very wary about this. Particularly, as soon as setting up a good account at an online casino, you are revealing your individual details, such since the name, go out with of labor and birth, address, and even payment info. Not to mention your own personal full credit card amount in addition to safety measures code. Thus, you ought to be absolutely sure of which the institution you happen to be giving this information to will use that for often the purpose you mean.
Players want to pay more focus if the casino of their option has some sort of trustworthy gambling license.…