Prepayments | InvestmentWatch

Post Office Chief Lays Out Plan for Survival; Eliminate Mail Delivery On Saturday

The head of the financially struggling U.S. Postal Service said the agency must be allowed to ease the terms of prepayments into a retiree health-care fund and eliminate general mail delivery on Saturday.

Patrick Donahoe told “CBS This Morning” the agency isn’t asking Congress for money.

http://www.cnbc.com/id/49992517

APPLE: Making The US Dollar Too Strong Could Destroy APPLE

The language Apple uses in its 10-K is a bit obtuse – it’s very lawyer-ly – so we’ll translate it for you into English here.

So, here are few scenarios Apple worries could materially damage its entire business:

…

Terrorists could attack.

Nuclear power plants could blow up.

War could start.

Fire could wipe out offices, factories, or infrastructure.

Labor disputes could bring business to a halt.

Public health disasters could happen.

Apple could be hacked and its users [...]

Up until 2006, USPS was debt-free and profitable, or — at least — breaking even financially.

The 2006 lame-duck Congress passed a mandate requiring the Postal Service to prefund 75 years’ worth of future retiree health benefits within 10 years. No other entity — public or private — has ever been subject to such a draconian requirement. Congress created the problem, and Congress needs to fix it

PAEA law passed in 2006 requires prepayment to fund for health
benefits for future retirees. 10 year plan 2007-2016. About $5.5 [...]

Apple Announces $10 Billion Share Repurchase Program, $2.65 Quarterly Dividend, Plans To Spend $45 Billion Over 3 Years

And so Steve Jobs legacy is now gone as Apple goes Jamie Dimon. At least Apple was not part of the stress test. And as announced yesterday, we for one, can’t wait to find out if it was JPM that advised Apple, to pull a JPM. Finally, we hope that AAPL’s cash creation rate remains the same, as $45 billion in 3 years may put quite a large dent on the company’s [...]

Barclay’s Joseph Abate: Starting gun

From Barclay’s Joseph Abate

Starting gun

Since last August, the Fed has reinvested its MBS prepayments into Treasuries. And it has always fully reinvested its maturing Treasury holdings. The April FOMC minutes indicate that the first step in the normalization process will be a decision about re-investments – initially with respect to MBS. The minutes also suggest that Treasury reinvestment could be adjusted or terminated simultaneously [...]

What is the key driver in the growth of this asset category, which in the week ending March 23 hit a fresh all time high of $120.4 billion?

by ZH

Following our latest Fed balance sheet update, where we get another confirmation that for another week the Fed’s assets have hit a fresh all time record (Bernanke now owns nearly $200 billion more Treasurys than China), there are two items that we believe deserve far closer scrutiny. The first is the as expected drop in MBS and Agency prepayments, which after seeing an initial [...]

Another day, another alleged Chinese fraud emerges:

by ZH

Here is the latest candidate for very careful diligence: China Integrated Energy (NASDAQ:CBEH). From the Sinclair Upton Research thesis: “In this report, we present irrefutable evidence that China Integrated Energy (NASDAQ: CBEH) is 1) transferring company funds to management insiders through fraudulent sham acquisitions and 2) fabricating its SEC financial statements. CBEH has transferred at least $35 million dollars of company cash by making [...]

InvestmentWatch

Post Office Chief Lays Out Plan for Survival; Eliminate Mail Delivery On Saturday

APPLE: Making The US Dollar Too Strong Could Destroy APPLE

Up until 2006, USPS was debt-free and profitable, or — at least — breaking even financially.

Barclay’s Joseph Abate: Starting gun

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