The Accounting Behind iPods

Apple announced in a quarterly earnings call last year that they’d be doing something interesting (to me at least) with the revenue recognition of iPhones and the AppleTV. Instead of recognizing the revenue of a $500 iPhone on the date of sale or delivery, Apple would recognize the revenue over time - 24 months […]

Countrywide’s White Knight - Bank of America

I wrote earlier this week about the market’s reaction to the rumors that Countrywide Financial, one of the country’s largest home-mortgage lenders, would file bankruptcy soon. I mentioned that although the rumors may have been nothing more than a scare tactic, there was probably some truth in the fact that Countrywide was struggling to […]

Is a Countrywide Bankruptcy Imminent? Investors Think So!

Countrywide Financial (CFC), one of America’s largest home-loan lenders, tried as hard as they could today to deny the rumor that the company is filing for bankruptcy. However, as today’s stock performance shows… nobody seemed to be listening.

But today’s press announcements and market reactions brings up a few interesting observations about investing:
1. Sometimes market […]

Jackson Hewitt Gets Jacked

(Saw that headline today on Forbes and couldn’t resist!)
As you know, I am adamantly opposed to any Company who markets products (especially financial products) that harm or take advantage of consumers who don’t know any better. For example, Pay Day Loan brothels (yes, I said brothels) take advantage of people in need of short-term […]

Beware of San Diego Wildfire Scams

The Internal Revenue Service this week warned taxpayers to be on the lookout for a new e-mail scam that appears to be a solicitation from the IRS and the U.S. government for charitable contributions to victims of the recent Southern California wildfires.
In an effort to appear legitimate, the bogus e-mails include text from an actual […]