Saturday, December 27, 2014

I guess Carlyle hasn't been the same since Edward Snowden.

December 20, 2014
Bu Jim Brewer

Shares of The Carlyle Group (CG) (click here) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Analyst Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $33.90.

The Carlyle Group (NYSE:CG) opened at 27.45 on Thursday. The Carlyle Group has a 1-year low of $25.21 and a 1-year high of $39.38. The stock’s 50-day moving average is $28.3 and its 200-day moving average is $31.09. The company has a market cap of $1.849 billion and a P/E ratio of 13.00.
The Carlyle Group (NYSE:CG) last released its earnings on Wednesday, October 29th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $755.00 million for the quarter, compared to the consensus estimate of $660.90 million. During the same quarter last year, the company posted $0.51 earnings per share. The Carlyle Group’s revenue was down 15.0% compared to the same quarter last year. On average, analysts predict that The Carlyle Group will post $2.70 earnings per share for the current fiscal year.

Do you know Edward Snowden isn't considered one of the greatest hackers in the world?

This is a Captain Crunch whistle. (click here) Get it? "Whistle," as in whistleblower. It belonged to John Draper, AKA "Captain Crunch." He is considered the first hacker ever, but, according to this list he was merely third most famous.  

The patterns are all to obvious.

The most recent USA Budget rolled back the Dodd-Frank regs on risky investments and another Bush is running for president. Hello?

What is really one of the most notable things the Bush Brothers share is the failure of Lehman Brothers. So, Jeb was inside Lehman and "W" was inside the White House and Paulson was inside the USA Treasury Department. I refuse to believe that was a coincidence.

The scenario one would expect with a Bush at Lehman and one in the White House would be a bailout of Lehman. That didn't happen. I guess that was too much like Dad's bailout of Neil's failed S&L Silverado. Don't bailout Neil because that is too much like an indictable offense. It is so much better to let the entire sector fail and then make  it obvious it wasn't simply a Bush that was bailed out.

By Adam Shell
The fallout was fast and frightening, (click here) and will reach far into the future.
Almost 6 million lost jobs. A 5,000-point Dow plunge. The government bailing out cash-starved banks. General Motors and Chrysler declaring Chapter 11. The unemployment rate doubling to almost 10%. Consumers getting $4,500 handouts from Uncle Sam to buy a car. Talk of a 1930s-style depression.
To modern-day Wall Street historians, these bizarre events mimic the other-worldly feel of a Ripley's Believe It or Not episode. But all those unthinkable occurrences made news in the past year. They all tie back to Sept. 15, 2008, the day Wall Street titan Lehman Bros. filed for bankruptcy. The collapse of the investment bank was so shocking it triggered a financial tsunami of such size and scope that it was compared to the Great Depression.
And while the events of that panic-drenched day are probably not etched into peoples' memories as are the "I remember where I was" vividness of the bombing of Pearl Harbor, the assassination of JFK, the space shuttle Challenger explosion or the Sept. 11 terrorist attacks, it will be remembered as the day Lehman's demise almost triggered a global financial meltdown....

I just don't want to hear the hatred about homelessness. Homelessness is the USA's failure to react to the one percent.

"...then the condo was sold..."
December 24, 2014
By Joseph Serna
..“There’s a lot of people (click here) that are just victim of circumstance, that didn’t go homeless because they’re lazy.”
Thomas said he became homeless after his parents died within weeks of each other and the condo he shared with them was sold.

The video has been viewed more than 11.4 million times on YouTube since it was posted on Monday. On Lin’s multiple social media pages, he says he was so moved by Thomas’ generosity that he put him up in a hotel and has launched a fundraiser to get Thomas back on his feet.
The account had more than $55,000 as of Wednesday morning. 
Bush is another Romney. They are poured out of the same mold. What is astounding to watch is the lack of his connection with reality. He only learned now that he is the one percent and has sought to devest his image, not his financial affiliations. Basically, he found out, "Oops, I like money too much."

  • Effective Dec. 31, Bush (click here) will no longer be employed by Tenet Healthcare or multinational financial services firm Barclays
  • He has also stopped booking paid speeches, though he will follow through on previous commitments through early next year
  • Bush is disentangling himself from business interests that could cause conflicts if he declares his candidacy for the Republican nomination
  • He remains a partner in three private equity funds and is still listed as a board member of Rayonier
  • Tenet supports Obamacare and predicts it will make $100 million off of new Obamacare signups this year
  • Bush is against Obamacare yet remained on the hospital chain's board from the beginning of the health care negotiations until now.

  • While Republicans, including Bush, like to point to the website at dot gov as a definition to the Affordable Care Act, they sincerely don't mind the stock earnings since the bill was signed. The graph above is Tenet Health Care (THC).

  • These earnings are across the board in USA healthcare companies. It doesn't matter the company all of them have stock market values that exploded after the bill was signed by President Obama. Rarely, does any Democrat point to this reality. The Republican rhetoric likes to have Americans believe it is the oil barons influencing the Obama Recovery. NOT.

  • Jeb Bush left Florida as governor in 2007. Immediately after leaving office in Florida, Jeb Bush was participating in Tenet.

  • May 9, 2007
  • A senior member of the Bush dynasty (click here) is about to get a large sum of money from a company with a history of ethical violations.
    Stop me if you've heard this one before.
    Jeb Bush, the president's brother and former governor of Florida, is up for election Thursday as a director of troubled hospital chain Tenet Healthcare (THC). Assuming he's (Jeb Bush) waved through, his pay in his first year would come to nearly $37,000 a day.
  • This is the same Tenet that had to pay $900 million to Uncle Sam last summer to settle charges that it had overbilled Medicare and Medicaid over many years.
    Nine hundred million dollars.
    The U.S. attorneys announcing the settlement accused the company of "fraud" and trying to "manipulate and cheat the system."
    Mike Leavitt, the Health and Human Services Secretary appointed by Jeb's brother George, said the company had "fraudulently abused the Medicare program."
    It's also the same Tenet that just paid $80 million to the IRS after an audit found it owed back taxes going back as far as 1995.
    The company recently had to restate nearly five years of earnings statements after an investigation into its books.

  • And this is just the big stuff. Tenet's recent public filings read like a police blotter. One of its clinics in South Carolina performed 436 open heart operations without certification. The company is being sued in California by staff claiming they were systematically short-changed on pay and overtime, in breach of the state's labor code. Three former Tenet staff members, at a New Orleans hospital it owned, are under investigation for allegedly euthanizing four patients following Hurricane Katrina.
  • April 21, 2014
  • A possible Jeb Bush presidential bid in 2016 (click here) may be partly undermined by his rush, in the years after he left the Florida statehouse, to make a lot of money, quickly. See, he was only worth $1.3 million, and he wanted to actually be rich....

  • ..."a net worth of $1.3 million and an unapologetic determination to expand his wealth, telling friends that his finances had suffered during his time in government," according to Barbaro. That suffering is calculable; when he entered office, he was worth $2 million....

  • ...Bush sat on the board of one company called InnoVida, a Florida firm that manufactured building materials. Until, that is, the company's president was indicted and it went bankrupt. Bush sat on the board of a soap company that collapsed, prompting lawsuits. He advised Lehman Brothers, the financial firm whose collapse helped trigger the 2008 economic meltdown, by
    unsuccessfully reaching out to
    Mexican billionaire Carlos Slim for a bailout. (That plan was called "Project Verde," which is a little on the nose.)...

  • Mexican telecom mogul Carlos Slim

  • Not bad, Jeb created his own equities firm instead of joining Bain Capital. Become a governor and find out your friends really, really like you. The chairman is Jeb's cousin, John Ellis Bush. Everyone remembers John Ellis from the elections of "W". Ellis is the first person to report George won the presidency in 2000. "W" won the presidency when voter rolls were expunged from the Florida electorate by Katherine Harris, Jeb's secretary of state. The firm is based in Coral Gables, Florida.

  • July 17, 2014
  • Former Florida governor Jeb Bush (R) (click here) joined with a team of bankers to create a private equity investment firm, a development that raises new questions about whether he will run for president in 2016.
    Bush spokeswoman Kristy Campbell confirmed the creation of the entity, Britton Hill Holdings LLC, which was first reported Thursday by Bloomberg. It was created in 2013....
  • ...Bloomberg reported that Bush teamed with former bankers from Credit Suisse Group AG and Lehman Brothers Holdings Inc. to create a Florida-based investment firm. The firm has made investments tied to the oil and gas industries....
  • The 2000 presidential campaign

  • ...The US media (click here) was very careful not to probe too deep into the issue of voter fraud. Instead, there was a united effort not to cast any shadow of illegitimacy on the election result....

  • ...The Choicepoint Scandal: “Journalist Greg Palast has shown that the firm cooperated with Florida Governor Jeb Bush, Florida Secretary of State Katherine Harris, and Florida Elections Unit Chief Clay Roberts, in a conspiracy of voter fraud, involving the central voter file, during the US Presidential Election of 2000. The allegations charge that 57,700 people (15% of the list), primarily Democrats of African-American and Hispanic descent, were incorrectly listed as felons and thus barred from voting. Palast estimates that 80% of these people would have voted, and that 90% of those who would have voted, would have voted for Al Gore.”...

  • The impropriety of Jeb Bush in most aspects of his life is more than interesting. What I find amusing is that "W" was CEO of failed oil firms, not just once but three times. Interesting how that pattern of failure continues with the Bush presidential hopeful Jeb.