Word: bottoms
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...dropping forecasts to rock bottom, companies have taken some of the fun out of the guessing game that is played around earnings season. Firms may beat their forecasts, but most results will still be terrible by historical standards, so it will not be as if the market will cheer relatively poor performance on the back of predictions that cheat to the downside. Very few companies will show results that fall much below the market's worst guesses, which will bring some degree of comfort that earnings are not going from being the worst they have been in fifty years...
...Second, and more important, is the importance of perspective as Harvard revamps its own basketball image. Reactions on campus last year to the New York Times coverage of Amaker’s recruiting were mixed, but the bottom line is that the allegations against Amaker and his staff were the smallest of small potatoes in NCAA recruiting violations, even if they had proven to be true. Just as claims about Harvard’s “lowering of academic standards” for basketball are overblown—the Crimson’s Academic Index for men?...
...nothing from his teammates at the plate as Harvard dropped a 3-0 decision. Fast-forward to this year’s Beanpot opener, and the bats have come around. Nutter, though, was missing his best stuff.Things went from bad to worse for the Crimson in the bottom of the fifth, when Watson failed to provide much relief after inheriting two runners from Nutter. David Gustavson and Tamsin greeted him with back-to-back run-scoring hits, and Watson came unglued—a balk, wild pitch, walk, and consecutive singles followed before Walsh called for Hofeld with the score...
...significant? Whenever the dividend yield on the S&P 500 rises above 3%, which it has, that's significant, even if it's not above the 10-year Treasury. It says stocks are attractive. That said, we are very cautious about what to own in this market. Bottom line: If you can find high-quality companies - meaning they have a good balance sheet and provide yield - we think for the long-term investor this is now an attractive way to invest. The consumer-staples sector (i.e., food, beverage, tobacco, etc.) is a good sector for finding these types of stocks...
...Langley suggested that Harvard follow the example set by similarly-affected universities like BU and MIT. He said these universities have acted responsibly in postponing layoffs and offering modest increases in salary to low-wage workers while cutting wages for the highest paid workers. “The bottom line is that Harvard is a non-profit subsidized by taxpayers and we expect a higher level of responsibility from them,” Langley said. “The message they are sending to workers on the bottom of the food chain is that they are surplus and not central...