General Electric Shares Fall After Profit Drops 30%

By Michael Sheetz – Re-Blogged From CNBC

Key Points
  • The industrial conglomerate said second-quarter earnings per share fell 30 percent from last year because of weakness in its power division.
  • GE reaffirmed its financial outlook for the year, saying it continues to expect full-year earnings of $1 to $1.07 per share.
  • GE’s deal in May to merge its transportation business with Wabtec was praised by investors, with the $2.9 billion in cash to GE seen as a welcome respite.

Ford Plans $11.5 Billion in Extra Cuts, Killing Most US Cars

By Bloomberg – Re-Blogged From Newsmax

Ford Motor Co. is cleaving an additional $11.5 billion from spending plans and dropping several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target.

The automaker is almost doubling a cost-cutting goal to $25.5 billion by 2022, Chief Financial Officer Bob Shanks told reporters Wednesday. By not investing in next generations of any car for North America except the Mustang, the company now anticipates it’ll reach an 8 percent profit margin by 2020, two years ahead of schedule.

Continue reading

Price of Bullets Slowly Rises as Firearms Industry Struggles

By Bloomberg – Re-Blogged From Newsmax

For the last few weeks, shooting enthusiasts may have been paying more for bullets without realizing it. Vista Outdoor Inc., which owns a variety of firearms and ammunition companies, recently announced that it had increased the price of ammunition last month.

In an earnings call held last week, Chief Executive Officer Chris Metz told investors that the company first increased the price of ammunition in early January. A second price increase will come in April, he added.

 Both boosts in price were “in the low- to mid-single digits.” Vista owns Federal Premium Ammunition, CCI, Estate Cartridge, and Force on Force, among other shooting-sports and outdoor product companies. Commodity pressure led to the increase, Metz said.

Continue reading

Gold Miners’ Q3’17 Fundamentals

By Adam Hamilton – Re-Blogged From

The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight dispelling the obscuring sentiment fogs. The major gold miners’ just-reported Q3’17 results prove this sector remains strong fundamentally, and super-undervalued.

Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. Canadian companies have similar requirements. In other countries with half-year reporting, many companies still partially report quarterly.

Continue reading

Oil Prices and Oil Stock Prices

   By Bob Shapiro

I see in the commodities markets that the price of oil has gotten into the mid 50s, after spending years it seems in the 40-50 Dollar range. Prices always fluctuate, but this uptick at least bears watching.

As with many resources, oil exploration and development takes years, so once the decision is made, the cost to produce oil from any particular well or oil field are known. Yes, costs also fluctuate for oil production, but in a very narrow band. So, what happens when prices fluctuate is that it is magnified when the bottom line is calculated.

Continue reading

Using Silver Dollars – Part 4

cropped-bob-shapiro.jpg   By Bob Shapiro

So far in this series, we’ve seen how to put Liberty Eagle Silver Dollars in the hands of both businesses and individuals, utilizing an Exchange mechanism. We’ve used variations on procedures already available and in use elsewhere in our Economy right now.

Today, we’ll start to see how these Silver Dollars can be spent.

Suppose you have a credit card bill due or some other amount which calls for payment in Paper Dollars. One way to pay the amount would be to go to your account on your bank’s web page, and use their Bill Pay service. You enter the amount, who to pay, and where to send the check. They make the payment for you, and they charge our account.

The Cambi Bill Pay would work in similar fashion. You advise us of the payment information, and Cambi would pay the bill for you, using Paper Dollars. For this service, Cambi would bill your Silver Dollar account based on the current exchange rate.

Continue reading

Using Silver Dollars – Part 3

cropped-bob-shapiro.jpg   By Bob Shapiro

Using Liberty Eagle Silver Dollars in everyday commerce carries several advantages. In Part 1, I detailed an Exchange mechanism, as well as a way to store the Silver Dollars for later use. In Part 2 of this series, we began to see the advantages as they related to a business’ sales and taxable profits.

Today, I’d like to show how employees may be paid in a mix of Paper and Silver Dollars in a way that benefits both the employee and the employer. (The pay needs to be a mix of Paper and Plastic because of the Minimum Wage. Most states have a higher Minimum than the federal rate of $7.50 per hour – in my home state of MA, the rate is $9.00.)

Here’s how it would work. Suppose you had an employee working 40 hours at $25 an hour, or $1000 for the week. As an existing employee, he may be offered perhaps a 5% premium – an incentive add-on encouraging him to participate, bringing his weekly all-paper pay to $1050. (You may or may not choose to offer an incentive to new employees.)

You would tell my company (let’s call it Cambi Money Services) the person’s name, etc, that the hours worked was 40, the incentive rate, and the pay amount. Cambi would calculate how much that comes to after tax, and that amount would be the target purchasing power. Cambi then would use the hours and the state Minimum Wage to calculate the total Paper plus Silver Dollars (eg. 40 x $9 = $360), and the after tax amount.

Using the two after tax amounts, and the Exchange mechanism, we would tell you to use your regular payroll provider, with $360 as the amount, and a Direct Deposit amount to Cambi (in Paper) which would go into a Silver account with us.

Cambi would bill you for the Paper Dollars needed to change the Direct Deposit amount into Silver. Cambi would act as both a Payroll Advisory and as a Depository. Let’s look at an example for a married worker with 4 exemptions and an Exchange Rate of 20:1.

Nominal Pay         $1000

Incentive                 5%

Pre-Tax Total       $1050

After-Tax Target  $858.48


Hours                       40

State Minimum     $9.00

Pre-Tax Total         $360

After-Tax Amount $325.66


Paper Difference   $532.82

Direct Deposit       $ 28.04


Silver Deposited    $ 28.0432

Exchange Rate          20:1

P.P. Of Silver         $560.86

Paper Pay Amount$297.62

P.P. Received         $858.48


Employer Billed

P.P. Make Up         $532.82

Exchange Fee-2% $ 10.66 (on amount exchanged)

Payroll Fee-0.5%  $ 5.25 (on pre-tax total)

Total Bill                 $548.73


Employer Cost

Employee Pay        $360.00

Cambi Bill               $548.73

FICA Match            $ 27.54

Total Cost                $936.27


Previous Pay         $1000

FICA Match           $   76.50

Total                        $1076.50

Amount Saved      $ 140.23

Percent Saved          13.0%


The fee charged by Cambi to you is for the advice on the payroll amount ($360) and on the Direct Deposit amount, and for the Account handling, so that the Dollar amount of the Direct Deposit is made as a Silver Dollar deposit. Cambi’s charge is not pay for the employee, but just a fee for services rendered to you.

So, how much profit value can an employer add to the bottom line by using the Payroll Services? Let’s assume a $10 Million sales business in MA, with $1 Million gross profit and $1 Million payroll averaging as in the example above.

The profit becomes around $600,000 after tax. The 13% you saved comes to about $130,000, or a profit bump over 21½%. How much growth can your business achieve with this much more in bottom line profit? How many more jobs can you create?

Your business benefits. Your current, and future, employees benefit. What’s not to like?