Options are risky derivatives that represent risky claims on human capital -- they should appear on companies' balance sheets.
Donald L. Luskin
AO Hell
Thursday, April 25, 2002
The growth dream is over at AOL. And the rest of the tech sector may be starting to wake up to reality, too.
Mind the Gap
Wednesday, April 24, 2002
The economy still can't generate the earnings recovery that techstocks need. But it's time to take some more profits off the table.
IBM's Defense Rests
Thursday, April 18, 2002
Like OJ, IBM says it was framed. But that doesn't mean that it's not guilty.
The Levin-McCain Stock Option Tax Hike: An Option Americans Can’t Afford
Tuesday, April 16, 2002
Legislation masquerading as a post-Enron financial reform conceals a monstrous multi-billion-dollar tax hike.
Council of Institutional Investors Wish May Backfire
Monday, April 15, 2002
Under Senate Bill 1940, every company that issues stock options would be hit with an enormous tax hike -- but technology companies that use options extensively would be hit especially hard.
Expectations and Realities for Earnings Season
Thursday, April 11, 2002
Expectations still run rampant. But this earnings season, reality may get the upper hand.
Can Anybody Here Play This Game?
Thursday, April 4, 2002
How we can rely on faulty analyst estimates to gauge value in the markets? Because sometimes stock prices are even worse.
The Pension Headwind: The Final Tally
Thursday, April 4, 2002
Fiscal 2001 is now officially over, so we can survey the damage to pension assets last year, and predict the hit to earnings this year.
Tech Hits the Wall
Wednesday, April 3, 2002
Pass the "V"-agra! The steady march of upward earnings revisions from the September lows has stalled out.