Tag Archives: investment

Will Big Business invest in legal marijuana?

Marijuana

Marijuana

A recent Pew Research Center survey found that more than half of Americans now favor legalizing marijuana.

The survey, coupled with the growing number of states that have passed laws legalizing recreational and medical use of pot, helps explain why there’s increasing talk of big tobacco and big pharmaceutical companies investing in the marijuana industry.

Marijuana is still illegal at the federal level, but if Big Business takes an interest who knows what could happen.

The Wall Street Cheat Sheet offers an interesting analysis of Big Business and marijuana investment: Is a Cash High Coming for the Marijuana Industry

Would you buy stock in a pot company?

Click here for the Pew survey.

 

Eastman Chemical plans $1.6B East Tennessee investment

Eastman.2.JPGSpecialty chemicals maker Eastman Chemical Co. on Wednesday signaled a long-term commitment to East Tennessee with announcement of $1.6 billion plan to modernize its Kingsport, Tenn. facility

The investment will be made over the next seven years and create 300 new jobs, company and state officials said in a news release.

The so-called Project Inspire initiative will include investment in  “new growth opportunities, safety and environmental projects, increased warehouse capacity, building renovations and expansion of its corporate campus,” according to a news release.

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Buffett boosts bet on newspapers

The newspaper industry got a dose of good news today with word that billionaire Warren
1e5ec597e241f20c0e0f6a7067003053.jpgBuffett’s company Berkshire Hathaway is buying 63 papers from Media General Inc. for $142 million.

The deal includes the Richmond Times-Dispatch and would give Buffett 25 dailies across the coutnry.

Newspapers have had tough times in recent years, but Buffett apparently sees a brighter future as papers implement paywalls for their online products.

“We may buy more newspapers. I think the economics work out OK,” Buffett told shareholders at Berkshire’s annual meeting earlier this month.

More details:

Reuters: Warren Buffett to buy Media General newspapers

Poynter: Media General, Warren Buffett agree on paywalls

Washington Business Journal: Warren Buffett to buy Media General

 

 

A closer look at Facebook IPO

Facebook’s planned IPO has generated lots of buzz, but is it really a wise investment?

Chris O’Brien with the San Jose Mercury News takes a close look at the risk factors the company lists in its SEC filings.

Some of it may surprise you.

Mercury News: Facebook has become a financial giant, but not an invincible one

And here’s another interesting take:

Reuters: A sobering look at Facebook

 

 

Now’s the time to invest in Regal Entertainment — or is it?


twilight_atb_12.jpg
Movie theater attendance was down last year and 2012 expectations are uncertain. Even so, a writer for the investment website Investopedia says today it’s a good time to own Regal Entertainment Group stock.

Taking a less rosy outlook on the Knoxville-based movie theater operator are a pair of financial research firms that on Tuesday downgraded Regal stock and lowered their price estimates.

Who’s right?

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Alcoa: A dog stock or a top pick?

Sorting through the mountains of free investment advice on the web is enough to drive me crazy. That’s a short drive, but do the so-called experts really know what they’re talking about?

In today’s online check of companies with a local connection, I learned this about aluminum giant Alcoa Inc. – it was one of the dog stocks of 2011 and it’s a top pick for 2012.

Can they both be right? Maybe so, but you know what they say about free advice.

 

Stocks have no soul and other advice for investors

Calendars are a staple of holiday gift-givers. Several folks on my gift list can count on getting one.

This year I have a new favorite — “Thoughts Are Things for Investors,” a daily desk calendar by David Moon, president of Moon Capital Management, a Knoxville-based investment management firm.

It’s filled with bite-sized bits of advice presented with a sense of humor. A couple of my favorites:

July 14 — “Stocks aren’t ‘good’ or ‘bad.’  They have no soul.”

And Aug. 30 — “In a bull market everyone feels like he’s Warren Buffett. You’re not.”

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Bill Gates: Helping the poor is a good investment

Gates+Foundation+Polio.jpgBill Gates has it right. Corporate America and our political leaders should pay attention.

In his third annual letter released toay, Gates expresses grave concern about current economic problems forcing rich countries worldwide to cut financial aid to countries that need help.

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Milken: Economy not as gloomy as you may think

In contrast to the depressing attitude of many pundits and politicians, a new study by the Milken Institute says there is clear evidence that the economy is doing better than generally believed.

“Despite the formidable obstacles in its path, the U.S. economy remains flexible and resilient — and right now, it has more underlying momentum than is generally acknowledged. Our projections show cause for measured optimism: A return to modest but sustainable growth is close at hand,” says the report “From Recession to Recovery: Analyzing America’s Return to Growth”.

Tha author of the California think tank’s report, Ross C. DeVol, admits his analysis runs counter to “the dark tone of the current debate about where the economy is headed.”

 

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