Tax loss deductions and bankruptcy stock questions
The tax code allows deducting capital losses from income up to 3000 dollars per year after offsetting gains, with any excess losses carried forward. In bankruptcy cases a stockholder may recover only after creditors and preferred shareholders, often leaving common shareholders with little or nothing. Monitor holdings regularly and consult IRS or Fool resources for details.
MENTIONED IN THIS ARTICLE
T.H
Santa Rosa
Calif
B.N
Dover
N.H
Texaco
Owning Long Term Beats Renting in Stocks
The piece argues homeowners build equity while renting funds stores no lasting value. It cites Odean and Barber showing high trading turnover hurts returns and taxes erode gains. It urges choosing strong growing companies and holding them for the long term.
MENTIONED IN THIS ARTICLE
Terrance Odean
Brad Barber
Odean and Barber
Boston Chicken stock lesson and lessons learned
A reader recounts buying Boston Chicken stock at about 70 cents before bankruptcy and selling after a small return. The mentor note warns investors about low prices masking near extinction and cites McDonald’s acquisition of Boston Market. The story ends with a plea for readers to share their own investments mistakes.
MENTIONED IN THIS ARTICLE
Boston Chicken
Boston Market
Brett
Austin
Texas
McDonald’s
Foolish Trivia riddle points to a Houston food distributor
A 1946 born Houston company markets and distributes food service products to over 400 000 customers including restaurants and hospitals. It reports nearly 30 billion in annual revenue and a stock rise of about 1400 percent over 15 years. The acronym S and S Co implies Sysco.
MENTIONED IN THIS ARTICLE
Houston
North America
Systems and Services Co
Stewart Enterprises Faces Mixed Q2 Results and Stock Buyback
Stewart Enterprises, a leading death care company with 234 funeral homes and 145 cemeteries, posted a 4.2 percent rise in Q2 revenue and an 8 percent rise in expenses along with a 4 cent per share loss. The loss reflects a $30 million debt payoff charge. excluding accounting changes, gross margin rose 7 percent. The firm pays a 1.6 percent dividend and continues share repurchases, trading below book value and promising earnings power if management maintains a shareholder focus.
MENTIONED IN THIS ARTICLE
Stewart Enterprises
STEI
Service Corp
SCID
Alderwoods Group
Before Carriage Services
Stewart
Sony Corporation weaves radio to media giant arc
The text traces Sony Corp from 1946 beginnings repairing radios in a Tokyo department store to a global electronics and media powerhouse. It notes 913 subsidiaries, listings on 16 stock exchanges, annual revenue over 70 billion, about 160 thousand employees, and a recent Metro-Goldwyn-Mayer acquisition. It invites readers to send questions for Fool columns.
MENTIONED IN THIS ARTICLE
Tokyo
Metro-Goldwyn-Mayer
Sony Corp
Money market funds fall by 4.5 billion in latest week
Asset totals for retail and institutional money market funds declined in the week ending Wednesday, with overall money market assets at 1.895 trillion. Yields across seven and 30 day measures edged up slightly as institutions reported steady portfolio maturities.
MENTIONED IN THIS ARTICLE
New York
Investment Company Institute
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Money Funds
Money Fund
Bankrate.com
North Palm Beach, Fla
Banks face insider theft at Wachovia and Bank of America
Banks warned more than 100000 customers in May after New Jersey police charged nine people including seven bank workers in a scheme to steal financial records. Security experts say insider threats may be more dangerous than hacker breaches, with access to vast personal data. Bank of America says it spends about 250 million annually on security and training. Wachovia emphasizes strict screening and access controls.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Wachovia Corp
Bank of America Corp
Peter G. Neumann
SRI International
Menlo Park
Calif
Bank
New Jersey
Wachovia
Bank of America
Tara Burke
Burke
Christy Phillips
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Irs.gov
Fool.com
Fool
America
Avivah Litan
Stamford
News Tip Hotline
Welter
Eauipment
Dubuque
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