Stock Market - David Murdock, Owner of Dole Foods -- the Largest Fruit Company in the World -- Rips Off Police and Firefighters so he Can Build Massive, 267-Room, 700 000 Square Foot Hotel |
- David Murdock, Owner of Dole Foods -- the Largest Fruit Company in the World -- Rips Off Police and Firefighters so he Can Build Massive, 267-Room, 700 000 Square Foot Hotel
- Here is a Market Recap for today Monday, October 26, 2020
- Tax question
- CrptoNews
- I have too many Tech Stocks
- Online Tutoring Earning Results Q3 2020 Revenue 154m , net loss 37.1M
- What happened to Occupy Wall Street from 2011?
- Watchlist: 10/26 Bears, Election, Virus
- What is the best way to invest 100k in the stock market for long term gains
- New Stock Portfolio
- SNAP price update
- General question on wash sales.
- $2.1 Billion Of Value Lost: Cogeco’s Big Mistake
- Thoughts on EQQQ?
- Predicting the crash
| Posted: 26 Oct 2020 05:44 AM PDT Dole Foods is probably the best example of the corruption potential that exists in the shareholder communications infrastructure. David Murdock took the company public, then essentially ripped off a bunch of elderly police officers and firefighters, rigged the vote, then bought back the company for significantly less than it was worth. At the time, he was struggling with loans connected to his $450 000 000 hotel that he had recently built directly across from Dole's corporate headquarters. The interest rate, prior to his decision to take the company public, had been increased to 13.875%. (August 30, 2007) "Bond investors may wish Murdock would spend less time on his health crusade and more improving Dole's bottom line. Last year, the company lost $89 million on $6.2 billion in sales. The assessment of its $2.4 billion in bonds and bank debt by Fitch Ratings ranges from "speculative" to "high default risk.". (28 Mar 2005) "Moody's expects leverage to remain high in support of Mr. Murdock's strategic initiatives, such as construction of a wellness center and acquisition of other food product lines with perceived health benefits". He ripped off the pension funds by manipulating the share price through the propagation of knowingly false information about the company's cost savings estimates from one of the largest asset sales in the food industry's entire history, that being the sale of his Asia pacific division to ITOCHU .. But here is the key: look at the vote tally. "Dole held a special meeting of stockholders on October 31, 2013. A narrow majority of 50.9% of the disinterested shares voted in favor*,* 21.2% voted against, 10.5% abstained, and 17.4% did not vote. The transaction closed on November 1, 2013" 50.9%. Experts have claimed that due to a banks ability to invent fictitious owners, that a margin of victory of anything under 5% can easily be manipulated.. "The existing system of shareholder voting is crude, imprecise, and fragile. Gil Sparks, a leading Delaware lawyer, estimates that, in a contest that is closer than 55 to 45%, there is no verifiable answer to the question "who won?" " The Hanging Chads of Corporate Voting And what do you know, Dole turns out to be the only company in American history caught red handed with more shareholders than shares actually in existence.. IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE DOLE FOOD COMPANY, INC. STOCKHOLDER LITIGATION "There were 36,793,758 shares in the class. At the conclusion of the claims process, however, claimants had submitted facially valid claims for 49,164,415 shares". ….."Despite diligent efforts, the settlement administrator and class counsel could not resolve the discrepancy". According the Court of Delaware, finding out who the true owners of the largest fruit company in the world would require a 'herculean effort', one for which " "The journey down the rabbit hole would require mapping the entire warren" https://courts.delaware.gov/opinions/download.aspx?ID=228790 Suppose we shouldn't expect any less from a district that allows confessed infant rapists ( not child, but infant) to get off on probation because the persons family (The Du Pont's) is too rich and powerful to meaningfully prosecute.. All this so he could build his sh*t hotel. [link] [comments]  |
| Here is a Market Recap for today Monday, October 26, 2020 Posted: 26 Oct 2020 01:05 PM PDT PsychoMarket Recap - Monday, October 26, 2020 Losses in the stock market accelerated today as new data showed an increased number of coronavirus infections in both Europe and the United States. In an effort to combat the disease, countries are once again putting restrictions in place, raising the concern of another lockdown that further harms global economic activity. The S&P 500 (SPY) finished the day down 1.82%. The tech-heavy Nasdaq (QQQ) finished 1.5% down and the Dow Jones performed the worst (DIA) finishing 2.21%. Unfortunately, over the weekend, the US posted consecutive days of record high infection, with more than 80,000 new cases confirmed on Friday and Saturday, according to data from Johns Hopkins University. States in the Midwest of the US have been the most affected, most likely due to a resistance by the population to wear masks and colder temperatures.. Over the past seven days, the country reported an average of about 68,767 new cases every day, the highest seven-day average recorded yet, again according to data compiled by Johns Hopkins University. Worryingly, The seven-day average is up more than 22% compared to last week, an extremely worrying increase. Adjusted for population, the Dakotas, Wisconsin, Montana and Idaho are reporting more average daily new cases than anywhere else in the country. Sadly, Johns Hopkins University reported there were 225,111 COVID-19 related deaths across the country as of Sunday afternoon. By comparison, there were 291,557 American soldiers killed in battle during World War II, according to the U.S. Department of Veterans Affairs. Europe is faring no better, with countries reporting a record number of infections over the weekend and announcing a host of new restrictions. On Sunday, France reported 52,000 positive cases, a record for the country. In response, two-thirds of the country has been placed under strict, 9 p.m. curfew. In Italy, 15,199 new cases of the virus were reported, well above the previous record of 11,705. In response, the Italian government has implemented restrictions, shutting down gyms, pools and movie theaters, putting an early curfew on cafes and restaurants and mandating that people keep wearing masks outdoors. Spain, which has also been struggling with a record number of infections, declared a nationwide state of emergency and imposed a curfew. With the November election a mere 8 days away, the chances for the passage of additional virus-relief have all but disappeared. In a letter to her fellow Democrats, House Speaker Nancy Pelosi slammed the Republicans for the failure to act in the face of the pandemic, calling their response "arrogance". She said, "The Republicans' continued surrender to the virus - particularly amid the recent wave cases - is official malfeasance. We must come to an agreement as soon as possible. But we cannot accept the [Trump] administration's refusal to crush the virus, honor our heroes or put money in the pockets of the American people. That attitude clearly explains why the White House has not embraced the science-based path to crush the virus, which is contained in the Heroes Act." Democrats and the White House have most recently proposed $2.2 trillion and $1.9 trillion relief packages, respectively. Despite the similar target price tags for legislation, the sides still have not resolved disputes over testing, extra unemployment insurance, state and local government relief and liability protections for businesses, among other issues. Highlights
"The best way out is through" -Robert Frost [link] [comments]  |
| Posted: 26 Oct 2020 06:34 PM PDT Say I buy 100 shares of a stock 3 times throughout the year 2020. Say January, June, and November. If I sell 100 of those shares in February of 2021 would I have to pay the minimal capital gains tax on those 100 shares since I've held it for over a year even though I would still have 200 left over? How about if I sold all 300 in February 2021? Would I have to pay 1/3 of the shares with the lower tax rate and 2/3 of the shares at the higher tax rate? Thanks ahead of time. [link] [comments]  |
| Posted: 26 Oct 2020 05:29 PM PDT Price is close to strong level (13200.0). I'm waiting that BTC can make uptrend as soon as price will break this level. We can open long position after that and take resistance (13760.0) as a target. [link] [comments]  |
| Posted: 26 Oct 2020 06:10 AM PDT I just realized that I am under diversified. Tech stocks have done so well this year but to limit downside loss I am looking to invest in some other industries to limit a downside loss. What are you guys investing in besides tech? [link] [comments]  |
| Online Tutoring Earning Results Q3 2020 Revenue 154m , net loss 37.1M Posted: 26 Oct 2020 01:28 PM PDT |
| What happened to Occupy Wall Street from 2011? Posted: 26 Oct 2020 04:25 PM PDT https://www.theatlantic.com/politics/archive/2015/06/the-triumph-of-occupy-wall-street/395408/ Why are people not inflamed and protesting Wall Street this time? [link] [comments]  |
| Watchlist: 10/26 Bears, Election, Virus Posted: 26 Oct 2020 05:02 AM PDT Market Notes:Today we kick off the last full week of trading before the election. Futures are pointing towards a red open. Virus cases are on the rise as new restrictions are put in place across the country and around the world. Earnings season is in full swing. I expect a busy week ahead. The bears have the upper hand going in. Obviously, that could change, but I don't like to fight the trend. Watchlist:NTZ is a low float, resistance at $7.50 PRPH is a low float, on watch VOXX is a low float, support at $12.50 SNSS is a low float, resistance at $1.67 BCOV is a lowish float, resistance at $14 AVXL watching for a continuation NBEV watching for a setup above $3 CLF is on watch [link] [comments]  |
| What is the best way to invest 100k in the stock market for long term gains Posted: 26 Oct 2020 09:31 AM PDT I have 100k in my savings. That is about 85% of my life savings. I hate having this money just sitting in a savings account making no return. I don't plan on touching this money for 5-10 years or longer. The only way I see myself dipping into this would be for a new house. What is the best way to invest this money long term with low/medium risk? I was thinking about putting it all in SPY. I calculated if I put in 100k in SPY 5 years ago I would have a round 166k. It has historically produced very consistent results. But I wanted to get some advice if there is some more interesting investments I could do hat could produce higher returns. Appreciate any and all advice. Thanks in advance! [link] [comments]  |
| Posted: 26 Oct 2020 05:33 AM PDT Hello everyone, I'm 19 and I want to create a stock portfolio. Currently, my goal is safe and long term stocks with good yield. I did some research and here are the top 10 stocks with their prices, % increase in the last month, year, and 5 years. I chose those 10 as they had the most % increase in the last year and 5 years. The stock prices are rounded but shouldn't be an issue since it still gives me a good and close overall idea of the stocks % increase. The stocks are VGT, QQQ, VUG, IWF, ARKW, XLK, ARKK, ARKG, ARKQ, FSPGX). I want to see what you guys think of them and if there's any you advise against or if there are others that I should look into. I attached a table of the data that I gathered. If anyone is interested in seeing the full document let me know! :) StocksTable [link] [comments]  |
| Posted: 26 Oct 2020 12:02 PM PDT If any of you took my advice last Friday to enter a short position on Snapchat I hope you are happy with today's gains. Although I was expecting a little bit of a bigger pullback I'm happy with the gains I made and decided to close out my position earlier today. The reason for that is since we had a very big red day today I feel like there will be a lot of buying pressure tomorrow and it seems that the bulls are not giving up on Snapchat yet. So I would advise to take some profits and see if a better opportunity presents itself in the oncoming days. Happy trading! P. S. if you guys enjoy the content I post and would like more please let me know and I will continue to post. I have a primary focus on swing trading. [link] [comments]  |
| General question on wash sales. Posted: 26 Oct 2020 11:44 AM PDT Hello! I had just created my stock port about a couple weeks ago. With everything going downhill I decided to shave my positions by selling half of all my investments( mainly all ETFS.) I know some people will say I should have held this, but I just got into and and want to make sure this sell off isn't too bad. I didn't have any gains because I just bought in a week ago. If the market decides to turn green in the next couple weeks I will want to buy back in. Wash sales from what I think I know, are buying stocks that you have sold within 30 days. Will this hurt me if I buy back in before the 30 days, even though I sold at a loss. Thanks [link] [comments]  |
| $2.1 Billion Of Value Lost: Cogeco’s Big Mistake Posted: 26 Oct 2020 11:41 AM PDT New podcast episode touching on:
https://open.spotify.com/episode/0emFYaW8iR6jYUdkcV2oLM?si=x8A3NX9cRf22JRElFPWlvg [link] [comments]  |
| Posted: 26 Oct 2020 01:41 AM PDT Hi guys! I'm based in UK and I already invest in VUSA and INRG, would you recommend adding EQQQ to my long term portfolio? (I was also thinking about ESPO, so feel free to let me know if you would suggest to add anything else). Thanks! [link] [comments]  |
| Posted: 26 Oct 2020 08:20 AM PDT I have a fair few investments in my stocks and shares ISAs. The fact that the stock market is going to crash soon is inevitable based on the amount of QE and such going on. I was curious what indicators people are looking out for to predict the start of the crash. What kind of predictions are people making? I see allot of wild claims ranging from crashing in 2 years, to crashing within the next month, but people rarely provide justification. My prediction is that the government will try and encourage as much spending as possible in the lead up to Christmas, and although many people have less money now I believe that they are going to be more willing to spend to compensate for an otherwise shitty year. This leaves people trying to scrape and save during the January period, which could possibly be the straw that breaks the camels back. So my guess is that stocks will take a turn in early Feb. Does anyone else feel like taking a stab in the dark here? [link] [comments]  |
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