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We could still use the daily closing share prices from as far back as March 7 or 8 in the consecutive 30-trading-day period calculation, if we can start getting some closes around $1.05.
Even more expansion by CAT in China:
Offshoring to India will end in 8-10 years: Hackett report
[Read in conjunction with GE's plan to return 600 refrigerator-production jobs back to the U.S. from Mexico shows that perhaps the pendulum will swing back, if we can hold on long enough.]
http://articles.economictimes.indiatimes.com/2012-03-21/news/31220333_1_offshoring-business-services-european-companies
ET Bureau
Mar 21, 2012, 10.10AM IST
NEW DELHI: Offshoring of jobs to India will begin to decline starting 2014, and will reach the end of its lifecycle in eight years, according to US-based strategic advisory and research firm The Hackett Group released at the Nasscom Global In-House Centers ( GIC) Conclave being held here.
According to The Hackett Group, the traditional model of US and European companies moving finance, IT, and other business services jobs offshore will reach the end of its lifecycle over the next 8-10 years, and US and European companies will simply run out of jobs which can be moved offshore to locations like India. [The key concept in the article; I'd like to see how they came up with this.]
The Hackett Group's offshoring research, examined 4,700 companies with annual revenue over $1 billion and headquartered in the US and Europe. It found that by 2016, a total of 2.3 million jobs in finance, IT, procurement and HR will have moved offshore.
The Hackett Group's Director Martijn Geerling said: "After the offshoring spike driven by the Great Recession of 2009, the well is clearly beginning to dry up. It's critical for India to develop alternative sources of demand, to maintain growth of their business services industries."
India is by far the most popular destination, with nearly 40% of the jobs being offshored headed there. Hackett predicted that India's overall share will decline to 38% in 2013.
According to Nasscom, captive offshoring units of large banks, insurance companies and retailers contribute $14 billion to India's $100-billion IT-BPO industry. According to The Hackett Group, only about 4.5 million of the 8.2 million business services jobs located in North America and Europe at the start of 2002 will still exist in 2016.
"By 2016, the number of potentially offshorable jobs will have been reduced to one million," said Michael Janssen, principal and chief research officer at The Hackett Group.
KPMG disagreed with the Hackett's research. "India currently has about 6% of world's outsourcing potential. Even if we manage to double it by 2014, there will be enough headroom for more growth," said Pradeep Udhas, Partner and Head ITBPO sector at KPMG. A partner at AT Kearney also echoed a similar sentiment.
This kind of commentary belongs on one of iHub’s politics boards,
And when Teva buys AbbVie => SelahVie
absolutely correct. The environmental impact studies, rights-of-way, etc have been worked out over many years. Most of that work has always been done at the local and state level but the EPA was brought in to take on flack duties after the State Dept finally gave way.
All SEC insider filings in the last year: 520,360 shares sold; 2,864,415 purchased.
I don’t buy it. If you’re talking about “alternative routes,” then it’s technically not the same project. Obama sounds as though he is trying to have his cake and eat it too.
When did Obama signal a willingness to eventually approve Keystone? I must have missed it.
I'm just your average old hippie smartass, but thanks.
We're both at about the same basis.
I'm holding, looking for $1.50 by mid-summer, $2 by end of year.
Best of luck.
From a penny stock board:
...[his] goals and visions was to LEAD us out of the stone age and into the money and promise land
It's a penny stock: you're already in promise land.
OT: Peter- Older Businessweek article, but still interesting:
The Domain Name Business
http://www.businessweek.com/smallbiz/content/jul2009/sb20090717_925271.htm
No biggie, routine SEC Form 4 filing:
http://investors.flagstar.com/phoenix.zhtml?c=91343&p=irol-sec&secCat01.1_rs=1&secCat01.1_rc=10
10 execs received shares of common stock representing a portion of their salary, issued under the 2006 Equity Incentive Plan.
The market is impossible to predict with 100% certainty, so you may have your chance, but totally IMHO that re-entry point will never occur.
Good luck in all your other investments!
$1.03 tomorrow gets an average closing share price of $1.00 during a consecutive 9-trading-day period.
Just to clarify: I'm saying that they would RS before delisting, of course.
However, completely IMHO, I don't think that they'll RS if they can cure the current deficiency.
Campanelli has repeatedly said that "it's not on the table" and that he expects the successful implementation of the business plan to gradually improve the PPS.
But you're correct about the shares and the funds, so we'll have to see.
Yes, if shorts could cause it to lose the NYSE listing I would think they'd clean up.
If FBC can close at a minimum of $1.03 on Monday, it would have an average closing share price of $1.00 during a consecutive 8-trading-day period.
Needs 30 days to satisfy the NYSE listing requirement.
It's probably too late as government is so entrenched in our society to turn back. From 1783 to 1917 the USA went from a 3rd world country to a super power with little government.
Definitely not, I think that the settlement with the DOJ was the last real negative bombshell that we're going to see.
Sometimes it's very difficult to see the forest for the trees. Despite all the internal challenges and the macroeconomic situation, quarter by quarter FBC is moving up.
Still looking for a minimum of $2 by year's end. Best of luck.
FBC will delay filing its 10-K; already submitted a preclearance request to the SEC about the accounting treatment of the DOJ settlement and the SEC says that things look OK.
Absolutely no biggie.
http://investors.flagstar.com/phoenix.zhtml?c=91343&p=irol-sec
"The filing deadline for the Annual Report on Form 10-K for the year ended December 31, 2011 (the "Form 10-K") of Flagstar Bancorp, Inc. (the
"Company") is March 15, 2012. During the course of reviewing its financial statements, the Company submitted a preclearance request to the Office
of Chief Accountant of the Securities and Exchange Commission relative to the accounting treatment of the Company's settlement with the United
States Department of Justice. The Company has been in continuous dialogue with the SEC on this matter. The SEC has confirmed that it does not
object to the use of the fair value option to measure the Additional Payments, as defined, which the Company must make to the DOJ. The SEC is
currently reviewing the valuation of that financial liability arising from the obligation to make the Additional Payments. The Company expects to
receive resolution shortly, following which the Company expects to finalize and file its Form 10-K with the SEC on or before the March 30, 2012
extended due date."
I know that it's popular on iHub, but I don't subscribe to the theory of widespread market manipulation.
Stick with Occam's razor: The simplest explanation that makes the fewest assumptions is usually correct.
Some short-term traders began selling to book great gains; the snowball began rolling downhill and others sold.
The long term turn-around business plan of the bank isn't a rally that someone is creating. As I've said before, there will be some big ups and downs, but the general direction over the next year will be up.
Best of luck.
i had a 3 hour chat last night with an alcoholic, depressive ultra-low self-esteem friend of mine .. as i thought on reading your post the first time Negative Interpretation Bias came in very handy .. it helps to have a concrete label to an approach ..
It's remarkable to me that some liberal folk spout off about subsidies to oil and gas companies
Maya Angelou has summed it up as best as a poet can:
the sheets are coming off.
WTF is wrong with the Europeans?
I once talked to a student who in one essay misspelled the same word four times in four different ways.
He said that he didn't know how to spell it, but figured that one of the ways must be right.
There's no question that misquoting Rutherford B. Hayes is equal to wrecking the nation's economy and getting us involved in two needless wars that have killed tens of thousands.
Doh!
Peg- The point of my last post--perhaps poorly stated--is that this kind of thing is not really about Rush or extremists from either side.
Exercising one's right to free speech can quite easily morph into simply pouring gasoline on the fire, and I don't think that that's what we need these days.
Regards,
ob
(ps: Michael is handling his situation with exemplary class and with that most rare and difficult of qualities to muster when faced with a crisis: humor.)
Obviously, a decrease in the PPS of any stock is beneficial to the short holders of that stock.
Perhaps I'm misunderstanding your question: are you making a connection between a short seller in FBC and the NYSE deficiency notice?
SilverSurfer- You and I and most reasonable people agree, he’s full of hooey. But he’s just one little (and IMO a bit nutty) person, no big deal.
More importantly, we’re all back to debating one of humankind’s ancient questions: freedom of speech.
We’re all familiar with the old example that we use with children: no, you do not have the freedom of speech to yell “Fire!” in a crowded theater.
Especially these days, is the propagation—sometimes even the origination—of a vile, harmful-to-society Big Lie equivalent to that yell?
I sometimes have that same feeling, almost a feeling of panic, not so much for myself (I'm old! ) but for my family, friends, neighbors, my country.
I honestly don't think it's going to be a slaughter, at least not in our lifetime. More of a gradual restricting and tightening and limiting of all dissension with the party line.
I can envision a time when "mandatory re-education facilities" become the accepted norm for non-Christians, non-Republicans, non...fill in the blanks. And a vast number of Americans would agree with this, would say it was necessary, would say it was a good thing.
So many people are afraid. So many people are confused. So many people are ignorant (not unintelligent, just not in possession of valid information.)
Limbaugh doesn't just call people names. He promotes language that deliberately dehumanizes his targets. Like the sophisticated propagandist Josef Goebbels, he creates rhetorical frames -- and the bigger the lie, the more effective -- inciting listeners to view people they disagree with as sub-humans. His longtime favorite term for women, "femi-Nazi," doesn't even raise eyebrows anymore, an example of how rhetoric spreads when unchallenged by coarsened cultural norms.
Today's crash: No fundamental reason that I can see. IMO it's traders justifiably taking profit on the radical run-up, and once the snowball starts rolling downhill it gets a bit larger then a bit larger and...panic sets in.
The couple of silly class-action suits are to be expected and not the cause.
Or all of us retail schmucks are once again the last to know and something really is going on and another shoe is about to drop.
Best of luck.
NG Earthquakes or not, environmentalists have ammo. It does not have to be true for environmenatlists [sic] to guide the media
Looks like there's been a courtroom shooting in Texas.
http://www.chicagotribune.com/sns-rt-court-shootingtexas-update-1l2e8ee7t5-20120314,0,5056591.story
Each state can only do so much with the resources that they have.
Texas spent all their money on vaginal penetrators, none left for metal detectors.
English is a living language and adds about 100 new words a year, but I'm not sure that shiggles was really needed.
Oops, I didn't know that one! Thanks.
have small position for shiggles,take it around the block for a day or two
Why can't Shiggles buy her own stocks?