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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 12, 2007
Page
7
Three advisory firms urged investors to oppose the re election of three Yahoo directors who approved Chief Executive Terry Semel’s 800000 stock options worth 8.4 million as Yahoo tumbled 35 percent this year. A majority of votes can remove a director under an uncommon policy.
Story Stock posted a fiscal first quarter profit of 45 dollars and beat analysts on revenue for its high end men s clothing line. Over the past three months quarterly profit fell short of estimates due to softer demand and higher inventories, according to SunGard.
The Conference Board reports May Consumer Confidence rose with 39.8 percent bullish on stocks, up from 34.2 percent in April. Merrill Lynch economist David Rosenberg notes the spike echoes January highs, while the S&P 500 fell about 5 percent by March and slid 1.2 percent after May data. Fund flows showed sizable outflows from stock mutual funds despite May gains.
Dominic Jones, president of Clarity Communications, discusses findings that most executive pay disclosures fail readability standards while the average worker can quickly understand their paycheck. He questions high disbursements and the disorienting disclosure practices used for top executives.
FundFocus targets companies with solid earnings growth potential trading at reasonable prices. The manager shifts sectors eagerly, pouncing on opportunities as they appear, aiming for peer-beating results.
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