Posted on June 02, 2005 by brother9

The World Poker Tour (or rather, the company that owns the WPT) IPO’d last August, and since then is trading at more than double the IPO. Not surprising.
But now there’s an overseas look into the IPO, and PartyGaming, the largest UK website for poker, is planning an IPO this month on the London Exchange [...]

Posted on April 15, 2005 by Preston Danforth

The data is all over the board these days when it comes to the US economy. Reuters is reporting:

NEW YORK (Reuters) – Industrial production and consumer sentiment reports came in on the weak side on Friday, the latest data to support the view that higher oil prices could lead to slower U.S. growth in [...]

Posted on April 13, 2005 by Preston Danforth

Another great piece from Capital Spectator:

The U.S. balance of trade slipped to another all-time deficit in February–$61 billion vs. $59 billion in January, reports the U.S. Census Bureau. If you thought the news would take a hefty bite out of the dollar, you were mistaken. By the close of Wall Street trading today, the dollar [...]

Posted on April 13, 2005 by Preston Danforth

The Capital Spectator has a great piece on Consumption Economics & the Energy Crisis:

CONSUMPTION ECONOMICS
In the good old days of energy shocks, consumers cut back when prices jumped. But cutting back is no longer popular sport in the current bull market for oil.
Long gone are the days in the 1970s, when higher oil prices eventually [...]

Posted on April 01, 2005 by Nancy

According to a recent Reuters article, Goldman Sachs is predicting that oil prices “could ultimately surge all the way above $100 a barrel.” The company says this “super-spike” period may last for years as prices reflect the increasing demand for oil worldwide (and especially in the emerging economies of China and India). Oil prices have [...]

Posted on January 13, 2005 by site admin

Fairfield, California-based Copart has seemingly found gold in the auto junkyard – to the tune of $400 million per year.
Copart generates revenue by acting as a middleman between insurance companies and used part dealers, rebuilders, etc.

Like most middlemen, Copart prospers by taking a bit from both sides–registration and administrative fees from the buyers, for example–and [...]

Posted on December 20, 2004 by site admin

On Friday, eBay announced that it is acquiring yet another Internet property, this time the online apartment and rental broker, Rent.com.

In a diversification move, online auctioneer eBay Inc. is buying the privately held Rent.com, which specializes in Internet listings of apartment and house rentals, for about $415 million in stock and cash.

You can read more [...]

Posted on November 03, 2004 by site admin

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