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8/21/2008
Prices of long steel will bounce back from a recent 30 percent fall once construction work in the Middle East picks up after the summer lull, but weaker global economic growth rules out a return to record highs soon. The price of long steel, a key construction material, has fallen sharply since July in major consumer the Middle East as work slows due to hot weather and ahead of the holy month of Ramadan in September. "What's happening at the moment is partly seasonal," said Moody's analyst Matthias Hellstern. "Once this is over, I think prices could go up a bit again." However, this year's summer lull and seasonality was not the whole story. Lack of demand from Europe and the United States and China -- because of the Olympics -- also fuelled the fall. (Source: Reuters)
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8/21/2008
Given the hearty support Democratic presidential candidate Barack Obama received in Europe last month, he must have noticed the surprise and skepticism among some Germans when he asked that Europeans contribute more for defense. Many Europeans argue they cannot afford such an additional expenditure. They are right. And therein lies a cautionary tale for the United States, because continental Europe has been following something like Mr. Obama's plans for spending and taxes. Mr. Obama has revealed his plans in stages. First, on his campaign Web site, he indicated he would solve the long-run solvency of Social Security (a good thing). In a Sept. 21, 2007, op-ed in Iowa's Quad-City Times, he ruled out benefit cuts to achieve solvency and looked first to payroll taxes (a bad thing). Last week, on this page, his economic advisers clarified his evolving tax proposals. (Source: Wall Street Journal)
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8/21/2008
Lenders who had relied on now-choked debt and equity markets for financing are increasingly looking to good, old-fashioned bank deposits as a cheaper and more reliable alternative. Chevy Chase, Md.-based commercial lender CapitalSource (CSE: Charts, News, Offers), which lends to mid-sized businesses such as health care companies by raising debt in the capital markets, last month acquired flagging California bank Fremont General. The deal was done in the belief that damped investor appetite for these securities will make this way of doing business untenable. Private equity investor MatlinPatterson is pursuing a similar strategy with investment Thornburg Mortgage (TMA: Charts, News, Offers), according to investment bankers, investors and a report in The Wall Street Journal last month. (Source: TheStreet)
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price to sales ratio
A stock's capitalization divided by its sales over the trailing 12 months. The value is the same whether the calculation is done for the whole company or on a per-share basis. A low price to sales ratio (for example, below 1.0) is usually thought to be a better investment since the investor is paying less for each unit of sales. However, sales don't reveal the whole picture, since the company might ... MoreA stock's capitalization divided by its sales over the trailing 12 months. The value is the same whether the calculation is done for the whole company or on a per-share basis. A low price to sales ratio (for example, below 1.0) is usually thought to be a better investment since the investor is paying less for each unit of sales. However, sales don't reveal the whole picture, since the company might be unprofitable. Because of the limitations, price to sales ratio are usually used only for unprofitable companies, since such companies don't have a price/earnings ratio (P/E ratio).
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"The definition of a great company is one that will be great for 25 or 30 years."
Warren Buffett
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August 21, 1999:
A record price is paid for NYSE membership $2.65 million.
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Enter a company name or ticker symbol for in-depth stock research.
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How to use this tool 
How to use this tool 
