Professor Elam

Hedge Fund Proposes New Board Members for Luby's

Thursday Nov 29, 2018

Bandera Partners has proposed new Board members for Luby's.

 

One can see the price of the stock  bounced to the upside on this news.  Bandera Partners note that Luby's hassold $88 M worth of real estate which is twice the current market capitalization of the company. Those assets are gone forever and the money has been used to pay down debt. And stores are closing. It is hard to see how revenues increase that way.

But this may be a lost cause without a complete re think of the business model. One observer notes that the cafeteria concept is dead.

A few decades back cafeterias were popular with the senior set but that group may not exist any more.

If you can think of a way to re-work Luby's  I suspect the Board would like to hear from you.

Library Calculator Donation

Nov 20 2018

Marina asked my advice about  what calculator the library should buy for student loan. I replied just a four function.

But I had an HP 10 B and an older HP 18 which offers all sorts of functions. I had the manual for a later model 18 and printed the manual for the 10 B. Both are in the library for your use on campus.

 

Diedre at left and Marina pose with the calculators.

No Lack of New Material for ACCT Ethics 5308

Monday Nov 19, 2018

Carlos Ghosn CEO of Nissan

was arrested and jailed today for under reporting total compensation.Apparently Carlos broke some other rules as well

What a lousy way to end a career at age 64.

 

Meanwhile SA oil and gas fraudster Brian Alfaro had his Ferari and other toys seized under an $8 M judgement.

LUby's Misses Filing SEC Report

Thursday Nov 15 2018

Luby's  missed filing its annual 10 K financial report with the SEC.

 

Luby's stock hit a high of $25 in the early 1990s and has been in decline since. The firm also owns Fudrucker's and Cheeseburgers in Paradise.  This is ironic given the  flood of newer chains like Smashburger, Five Guys and In and Out in San Antonio.

 

J P Morgan Visit Nov 14

Tuesday Nov 13, 2018

The JP Morgan Securities Information event for students is scheduled on Nov 14^th (Wednesday) 5-7 pm at the STEM
building room 242. The room is a large classroom with a capacity of 95. This wasn’t my preferred option but the Vista Room or the President’s Casa and even the large classrooms at CAB were not available at that time. I don’t expect any faculty to attend (unless you want to). However, I need enough students to fill up the room. So far I have only two students sign up.

 

To keep track of students signing up, I’ve created a doodle pool. Please forward/post the link so that the students can sign up: https://doodle.com/poll/5kanksez9b772ye3. I would really appreciate if you can send your class, especially students enrolled in the senior level (43XX) Accounting or Finance classes. Please encourage them to attend and if needed, give them some extra credit to ensure they attend. We really need to have a good student turn out.

 

 

Professor Farhat Lecture Series

Tuesday Nov 13, 2018

Thanks to a helpful tip from Mark Goldman, I am providing a link to

Professor Farhat's accounting lectures.

 

Here is the Edspira link

 

https://www.youtube.com/results?search_query=edspira+accounting+videos

 

 

 

 

This is a link to his main page which displays all his offerings. Notice he has about 33,000 followers!  And he covers all the bases, advanced, tax, intermediate, govt, cost even a section on cpa exam review.

So in addition to the Edspira Kahn series this is another resource for your accounting review.

Meet the President of Aston Martin America

Monday Nov 12, 218

Meet the President of Aston Martin America

 

Laura Schwab

yep a female, how about that for busting the glass ceiling?

Sol Schartz Scholarship

Monday Nov 12, 2018

A TAMUSA accounting student was selected as a winner of last year SS scholarships.

 

In 2005, we established the Sol Schwartz & Associates, P.C. Accounting Scholarship Award to commemorate the 25th anniversary of our firm. Each year since then, we have been presenting an annual scholarship of $2,500 to an outstanding accounting student in San Antonio. In 2016, we increased our scholarship to $5,000.  We are constantly striving to make our scholarship program more accessible to students to use for their education, which is why we have changed the time frame of our scholarship for 2019. 

 

We would appreciate your assistance in promoting our scholarship.  I have attached an application form for you to distribute or you can download a copy of the application form by visiting our website under Careers/Scholarship/Download the 2019 Scholarship application.  The deadline for applying is Monday, April 15, 2019, finalist interviews will be conducted in late April 2019, the winner notified in May 2019 and the check presentation in early August 2019.  Students should mail the application and proof of current registration to:

 

                                                          Sol Schwartz & Associates, P.C.

                                                          Attn:  Tracey Cifone – Director of Marketing

                                                          8000 IH-10 West, Suite 1100

                                                          San Antonio, Texas  78230

 

 

JP Morgan Presenting on Campus

Friday Nov 9, 2018

The JP Morgan Securities Information event for students is scheduled on Nov 14^th (Wednesday) 5-7 pm at the STEM
building room 242. The room is a large classroom with a capacity of 95. This wasn’t my preferred option but the Vista Room or the President’s Casa and even the large classrooms at CAB were not available at that time. I don’t expect any faculty to attend (unless you want to). However, I need enough students to fill up the room. So far I have only two students sign up.

 

To keep track of students signing up, I’ve created a doodle pool. Please forward/post the link so that the students can sign up: https://doodle.com/poll/5kanksez9b772ye3. I would really appreciate if you can send your class, especially students enrolled in the senior level (43XX) Accounting or Finance classes. Please encourage them to attend and if needed, give them some extra credit to ensure they attend. We really need to have a good student turn out.

 

 

Changes for 2019 in CPA Exam

Tuesday Nov 6 2018

Click here to learn about changes in the CPA exam for 2019

 

This is a summary by Rogers CPA Exam Review.