Submitted by Simon Black of Sovereign Man blog, I really hate to beat a dead horse, but I wouldn’t be doing my job for you if I didn’t point out some of the most intellectually dishonest, self-aggrandizing Bernanke-speak to come out of the Fed Chairman’s testimony [this week]: “[The Federal Reserve has] 25 years of success in keeping inflation low and stable, not just in the United States but around the world.”
As part of our process, we perform a rigorous discounted cash-flow methodology that dives into the true intrinsic worth of companies. In Helen of Troy's (HELE) case, we think the firm is significantly undervalued. We think it is fairly valued at $46 per share, representing nearly 50% upside.
Chinese fashion designer Kinghero launched on Friday its first international listing of shares in Frankfurt, a European stock market that is actively courting companies from the far East.Kinghero placed one million shares and raised 15 million euros (20 million dollars) in the operation, the second by a Chinese firm here this year and the 23rd overall, market officials said."We are delighted that so many investors found our story convincing," chief executive Yu Zhang said in a statement.
The Shorenstein Center released an excellent study (PDF) recently showing that in the pre-9/11 era, the American media consistently referred to waterboarding as torture. Then once it was revealed that the US government had been involved in torturing people via the waterboarding method “media sources appear to have changed their characterization of the practice.”