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Wednesday April 25, 2018
Tuesday April 24, 2018
Monday may well have been a turning point for the stock market. By that I mean the correction may well have ended and higher prices lie ahead.
Bullish Percent 200 Day MA
The ribbons of four EMA are converging. That happens prior to a change in trend. MACD and RSI have risen off the multiple bottoms in this indicator. The overall market is really more oversold than the averages, boosted by a handful of stocks, indicate.
BRK/B Berkshire Hathaway Daily
One hears a lot about what Warren Buffet says and does but one rarely sees a recommendation to buy his flagship company.While high, the stock has pulled back in a classic A B C fashion. MACD is just turning up after a double bottom.RSI has worked off its over bought status which peaked in late January.
BRKB Weekly
both BRKB and MACD exhibit four waves with four probably complete this week.
BRKB Weekly Close Up
Again the EMAs are converging, MACD looks to be bottoming RSI has worked off the over bought condition.
If here is a canary for the stock market this is it. Wave One advanced 25 points. Could it be that Wave Five will do the same carrying us into the November elections?
Wednesday April 18, 2018
Yesterday I posted on the release of A Quiet Place.'
I suggested that Aaron Gleason, the producer and star, might become the next Clint Eastwood. Both began in television and had success with low budget but popular films.
Well here is another candidate with the same formula. Byron Allen bought the Weather Channel for $300 M in cash.
Byron has been building his own media network. Turns out the big boys, that would be Comcast and Blackstone, bought the Weather Chanel in 2008 for more than ten times this amount, $3.5 B. So we know Byron buys right.
The article relates that when the weather threatens, hurricanes, tornadoes, floods, this is the Super Bowl of TV. And it is on televisions in every civilian airport and boat marina in the world,though Byron does not have the digital side.
He bought the horror hit 47 Meters Down which grossed $44 M in 2017, one of the top independent films that year.
The more complete story is in today's WSJ.
Once again someone is buying at the right price where others do not see the potential.
His mother was a tour guide at NBC. This allowed him to view Johnny Carson in person. Eventually he became a comic guest on the Tonight Show. He bought Chappaquiddick for $4 M and it grossed $6.2 M the first weekend.
Here students is yet another example of managerial accounting successfully applied.
Tuesday April 17, 2018
Where TAMUSA Main Campus South Zarzamora and South Loop 410
When 9 00 - 10 30 AM First Floor Central Academic Building opposite Bookstore
A dozen students will present their poster research for comment and display, plan to come and visit with them in person
Here is a link to the 2017 SRS Event.
Mark Goldman visits with TAMUSA students.
Research Poster Presentations
8 30 - 9 50 First Floor Central Academic Building, Outside the bookstore
More than a dozen graduate accounting students will exhibit poster presentations. Their research will highlight ethical issues in the practice of accounting. This is the theme of ACT 5308 Ethics.
10 15 - 10 30.
Meredith Elise Harigan, Becker CPA Review Account Manager
Ms. Harigan will present information about the Becker Review program from
10 30 - 11 45
We will cap our Spring Graduate Ethics Class with a panel of distinguished San Antonio Accounting Professionals.
Mark Goldman CPA - CEO MGR Accounting Recruiters, Past President San Antonio CPA Society
Mike Lovelace CPA CMA CISA - Partner Aventine Hill CFOs
Ashlee Lamonte CIA - Internal Auditor USAA
Frank LaBorde CPA - LaBorde and Associates
Ruben Garcia CPA - ATR Advisory LLC, Ruben has worked with all of the Big Four Firms
The discussion will cover trends in accounting, reasons for different certifications, opportunities on Southside San Antonio
11 45 - 12 00
Keynote
William Scott
Ranching Women in Early San Antonio
Tuesday April 17, 2018
Aaron gleason explains why Q Quiet Place Might be an Instant classic.
Not many movie reviews go as far as comparing the ethical theories of Hobbs and Locke but this one does.
No wonder then that Gleason has an MA i philosophy of religion from Talbot University.
But that is not my focus here.
I cited Clint as a cost accountant in just the second month of this blog back on Oct. 4, 2006.
When I began this blog and was teaching managerial accounting, I used Producer Director Clint Eastwood as an example.
of budgetary excellence. While Clint is popular with the audience he is really popular with the studios. His hEvery Which Way but Looose was the second biggest grossing film Universal had at the time
The film took in $90 M but costing a mere $5 million. Clint always comes in on budget and on time.
Perhaps this can be traced to his early experience in the TV series Rawhide. Television with its weekly requirement of a new show a week, is fast and low cost.
After gaining fame in Italian produced Spaghetti Westerns, he returned to do a few Hollywood westerns. But his directorial debut was a bit of a horror film itself.
Play Misty for Me was estimated to have cost less than $1 M but grossed about $10 M, ticket prices were a lot lower then. It was the story of a stalking woman out to terrorize a DJ and his newer girl friend.
This was the first production of his new Malpaso company. He never looked back and has only had one flop at the box office, The Beguiled.
Now another former TV player, John Krasinski, is directing A Quiet Place. He cast himself and his real wife in the lead roles. The film cost $17 M but grossed $50 M the first weekend. this is how one gets attention in Hollywood.
Summarizing the similarities
Both men began in television learning 'lean production methods'
Both men cast their real life wives in their movies
Both men started with relatively low budget, tightly scripted projects
Both came in on time and budget
Each had a terrorizing or terrifying theme for their first movie
Managerial accounting is all about efficiency. Successful movie making is much the same way, on time, on budget, a simple idea made unique.