A number of guru investors have taken a liking to Citigroup
ABH is a pulp and paper manufacturer headquartered in herve leger pink bandage dress Montreal. The company’s price to earnings ratio is 2.21, with earnings per share (EPS) of 7.22. The company’s competitors, including Domtar Corp. (UFS), Hadera Paper Limited (AIP) and Verso Paper Corp. (VRS), have experienced a sharp decline in their stock prices along with ABH. Lightweight competitor Catalyst Paper Corp (CTLUF.PK) posted a negative EPS of -0.96. As you can see, it’s not a great time to be a paper manufacturer. This decline in the paper manufacturing industry is mainly due to the heavy costs imposed by environmental regulation authorities. Regulators impose external costs on the company because of the waste they produce. Another main reason for the industry’s malaise is that people are simply using less paper.
RIMM is the company behind the innovative and award winning BlackBerry product line. The company does not pay a dividend, and plans to retain much of its earnings. RIMM has faced a lot of competition recently, as companies have moved away from the Blackberry as the “go-to” business smartphone. Employees can now choose their own phone and seamlessly integrate with a number of different systems. This obviously hurts RIMM’s bottom line. Gone are the days when the company’s phones were the ones used in business. The main benefactor of this move has been Apple (AAPL), the maker of the iPhone and iPad. We think shares of APPL look like a better value given the company’s plans to roll out a lower cost iPhone and the success of the iPad as a lifestyle device. Adoption by AT&T (T) and Verizon (VZ) have spurred sales growth.
A number of guru investors have taken a liking to Citigroup recently, most notably Bruce Berkowitz white bandage dress and John Paulson. The dividend paid by this financial company was $0.01 with a dividend yield of 0.14%. The EPS stood at $3.29 with a P/E ratio of 8.50. The financial sector has led the market downward recently. By way of comparison, let’s take a look at competitor JPMorgan Chase & Co (JPM) to see how C and JPM line up. The P/E & EPS for JPM are 6.94 and 4.68, respectively, with a 3% dividend yield. This information implies that JPMorgan is a better bet than Citigroup at the time of writing. We like Jamie Dimon’s leadership, and trust his instincts to lead JPM through the second leg of the financial crisis.
Short-term overseas visitor numbers rose 5 per cent to 175,900 in the month, according to the latest data from Statistic New Zealand, a record level for any August. That comes after a dip in the previous month, when visitor numbers fell 4 per cent with the strong New Zealand dollar keeping tourists away.
New Zealand’s current account deficit widened in the second quarter, as foreigners earned more from their local investments, including insurance companies that incurred earthquake-related losses in the first three months of the year.
The current account gap was $2 billion in the three months ended June 30, up from $1.53 billion in the first quarter, according to Statistics New Zealand. The annual gap grew to $7.47 billion, or 3.7 percent of gross domestic product, from a revised deficit of $7.2 billion, or 3.6 percent of GDP three months earlier.
The New Zealand dollar recently traded at US82.25c, up from US82.11c yesterday, with the risk-on tone to markets spurring demand for growth linked currencies such as the kiwi and Australian dollar.
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