Word: investor
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...Investors in Gillette, headquartered in Boston, can't complain. Their shares were already up sharply over the past year, even before the 18% premium that P&G's bid provides. CEO James Kilts, for one, stands to make an estimated $123 million from selling his firm to P&G, based on last week's stock prices and options that will vest when the ink on the deal dries. Famed investor Warren Buffett has also scored big, reaping a paper profit of $567 million for Berkshire Hathaway, which owns 96 million Gillette shares. "It's a dream deal," he said...
...guru Bill Gross says the days of falling interest rates (and rising bond prices) are over. Real estate--the kind you live in as well as publicly traded trusts that invest in malls, offices and apartments--will stumble if, as expected, interest rates move higher. So what's an investor...
David Darst, chief investment strategist at Morgan Stanley's Individual Investor Group, argues that with the dollar's weakness, "you need something international to generate currency gains." Consider an unhedged international bond fund like Pimco Foreign Bond or T. Rowe Price International Bond. They pay a fixed income, which rises as the dollar falls and vice versa...
Some of the smartest scam artists, Minkow explains, target groups united by religion, race or ethnic origin. From 1998 to 2001, at least 80,000 people lost $2 billion in religious-investor frauds, according to the North American Securities Administrators Association, a group representing state regulators. In fact, most of the eight major frauds Minkow helped uncover in the past year have involved hustlers trying to sell investments to church groups...
Minkow knows how to play that gig. He went undercover after getting a call from a prospective investor in a pair of Southern California investment schemes and, posing as someone with extra cash to commit, found enough evidence to allow the Securities and Exchange Commission to shutter the firms in November. They allegedly had conned nearly $26 million from more than 1,200 people, largely by targeting church-affiliated African Americans. In 2003 he managed to shut down another scheme, a California operation that targeted retirement funds worth $813 million. "Barry has a lot of insight into the many ways...