Skate On ready to take on Drumcove Lad in Showsec Scurry Cup - Heat 1
Skate On will be looking to give a tough time to Drumcove Lad in the Showsec Scurry Cup - Heat 1 at Belle Vue in England on Thursday, October 4, 2012. Both runners are equally talented and will not make things easy for each other. They have got an impressive
speed and the one who starts well will definitely manage to finish on top of the table in the Grade OR encounter.
The overall distance to cover in the ?100 race will be just 260 metres. This means that speed will be the key factor in determining the outcome of the event. There are some very good greyhounds lined up for action today and they will definitely provide some
thrilling action to the spectators at Belle Vue.
According to the bookies, the best chances of victory are with Drumcove Lad, thus he has been rated as the favourite to succeed with a starting price of 4 to 6. He has been consistent since the start of his career and it will be a big mistake to take him
lightly. He will be entering the event from trap number two and will definitely look to attack his opponents right from the start until the end.
The C. Allsopp?s trainee likes running in the shorter distance events because of his brisk speed. He has won numerous races in this class and will not make life easy for the rest at Belle Vue.
The black dog started off his career with an outing in this class and he finished third back then. He has always been competitive and his fans will be backing him up to claim a victory yet again.
On the other hand, Skate On has been priced 3 to 1 by the bookies and she will be fancying her chances for a win today. She has been winning races with consistency and the bettors should have no hesitation while gambling on her.
The M. Walsh?s trained bitch will be entering the race from trap number six and will get an opportunity of pressing hard right from the start. She finished as a runner up in her most recent Grade OR outing, but has a chance of making an improvement today.
Disclaimer: The views expressed in this article are solely of the writer?s and do not reflect bettor.com?s official editorial policy.
[center][color=#7AC5CD][size=200]Name Here[/color][/size] ? ? ? ? ? ? ? ? ? ? ? [color=#7AC5CD][b]1.) Tell us, how old are you? What sex are you? When were you born?[/b][/color] ? ? ? ? ? ? [size=90]You should know your age, sex, and birthday silly![/size]
? ? ? ? ? ? [color=#7AC5CD][b]2.) Tell us, what do you Like?[/b][/color] ? ? ? ? ? ? [size=90]Please put as many that apply[/size]
? ? ? ? ? ? [color=#7AC5CD][b]3.) What kind of person are you interested in?[/b][/color] ? ? ? ? ? ? [size=90]Please write an entire paragraph.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]4.) What does 'Love' mean to you?[/b][/color] ? ? ? ? ? ? [size=90]Please write 2 paragraphs.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]5.) What is your love personality?[/b][/color] ? ? ? ? ? ? [size=90]are you very romantic? A paragraph please.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]6.) Is your glass Half Full, or Half Empty?[/b][/color] ? ? ? ? ? ? [size=90]Do you have Optimistic or pessimistic ideals[/size]
? ? ? ? ? ? [color=#7AC5CD][b]7.) Tell me, what kind of Soulmate may upset you if you got?[/b][/color] ? ? ? ? ? ? [size=90]put all that apply.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]8.) How sexually active are you?[/b][/color] ? ? ? ? ? ? [size=90]A paragraph please.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]9.) What are places you like, or scenery?[/b][/color] ? ? ? ? ? ? [size=90]Put all that apply.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]10.) What did you want to be when you were little? What do you want to be now? Why?[/b][/color] ? ? ? ? ? ? [size=90]A paragraph for both.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]11.) What are your favorite bands? Favorite songs? Any Genres?[/b][/color] ? ? ? ? ? ? [size=90]Put all that apply.[/size] ? ? ? ? ? ? ? ? ? ? ? ? [color=#7AC5CD][b]12.) How do you spend free time?[/b][/color] ? ? ? ? ? ? [size=90]Put all that apply[/size] ? ? ? ? ? ? ? ? ? ? ? ? [color=#7AC5CD][b]13.) Do you read? What is your favorite book?[/b][/color] ? ? ? ? ? ? [size=90]Put all that apply[/size]
? ? ? ? ? ? [color=#7AC5CD][b]14.) Who was the last person you dated?[/b][/color] ? ? ? ? ? ? [size=90]put a paragraph about each.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]15.) How would you describe yourself?[/b][/color] ? ? ? ? ? ? [size=90]Please use nice words.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]16.) Where would your dream date take place? Why?[/b][/color] ? ? ? ? ? ? [size=90]A paragraph please.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]17.) What is your Spirit animal?[/b][/color] ? ? ? ? ? ? [size=90]What is it, tell me about that animal. Get this at: http://www.jerismithready.com/quiz/#[/size]
? ? ? ? ? ? [color=#7AC5CD][b]18.) Is there anyone you've got your eye on? *wink* Why?[/b][/color] ? ? ? ? ? ? [size=90]Give us a paragraph.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]19.) Can you tell us secret you never told anyone?[/b][/color] ? ? ? ? ? ? [size=90] only your soulmate will ever know this.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]20.) What are the lyrics to the song that describes you best?[/b][/color] ? ? ? ? ? ? [size=90]Should be the same as your Theme song on your profile.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]21.) What color resembled 'Passion', to you? Why?[/b][/color] ? ? ? ? ? ? [size=90]Paragraph please.[/size] ? ? ? ? ? ? ? ? ? ? ? ? [color=#7AC5CD][b]22.) What gets you hot? Why?[/b][/color] ? ? ? ? ? ? [size=90]Paragraph please.[/size] ? ? ? ? ? ? ? ? ? ? ? ? [color=#7AC5CD][b]23.) If I walked into your bedroom right now, what may I see?[/b][/color] ? ? ? ? ? ? [size=90]List all that apply,[/size] ? ? ? ? ? ? ? ? ? ? ? ? [color=#7AC5CD][b]24.) You like TV, huh? What is your favorite Movie? How about Anime? Why?[/b][/color] ? ? ? ? ? ? [size=90]Can you tell me. Include plots.[/size]
? ? ? ? ? ? [color=#7AC5CD][b]25.) How would you Impress someone you like?[/b][/color] ? ? ? ? ? ? [size=90]List all that apply.[/size][/center]
I sat out the morning session of the Value Investing Congress for a combination of reasons, but primarily because I'm always swamped on Mondays with client service issues and the speakers I was excited about were coming later anyway. The shot above is of Whitney Tilson himself, taken from the press balcony in the Broadway Ballroom at Marriott Marquis. They parked us media types up here so we could clack away at our keyboards without disturbing the "beautiful minds" in attendance below.
Anyway, it's 2pm, so let's get into it...
First up is Barry Rosenstein of the activist hedge fund JANA Partners.? He's pitching Canadian phosphate and nitrogen giant Agrium (AGU).? First, although the stock has done well over the years, Barry reminds us that it's underperformed a weighted average of its peers substantially.
From JANA's presentation slide:
The basic problem here, according to JANA is that 30% of AGU's business is retail, selling fertilizers and products in stores, versus the wholesale business which is 70%.? AGU wants to remain a conglomerate, keeping both facets of the company together.
JANA argues that the retail side of the company is misunderstood by the non-retail oriented analysts who cover it and that this accounts for the lack of respect for the shares.? They believe there is a ton of room for upside once these two businesses are separated.? In particular, they see the retail business as a crown jewel if managed correctly and allowed to realize its full potential.? "Despite spending billions to add scale, Retail has failed to achieve operating leverage promised from synergies, and has actually experienced negative operating leverage."
Agrium has hired an investment banking team from Morgan Stanley to defend the company's conglomerate structure. JANA dismisses this on the grounds that this exact same team of bankers made the opposite argument while working for CF Industries, a fertilizer rival, years ago.? We are reminded of the words of Buffett - "an investment banker can be paid to say anything."? This should have been a laugh line but the crowd here is very stiff.? Value guys, lol.
Rosenstein repeats that there is no commonality between the retail and wholesale business here, no benefits or synergies worth speaking of.
The most brutal data point is about JANA has estimated an excess of $700 million in mismanaged, misallocated working capital throughout the company's structure. "lax working capital oversight encourages managers to risk shareholder capital on speculative ?heads I win, tails you lose? bets, where they can receive significant incentive compensation when inventory bets go right, and shareholders are the ones left holding the bill when bets go wrong."
The bottom line is that retail discount needs to be addressed or a spin-off should happen. Also, the way this company spends money and allocates working capital must change and should be a lot more accountable to shareholders. JANA pegs the improvement to the stock price that would result as upwards of $50 per share. With the stock currently trading around $100 per share, that would be nothing to sneeze at.
For investors who want the whole dissection of why JANA wants Agrium broken up now, here's their presentation:
JANA AGU PRESENTATION
***
Next up - Mick McGuire of four-year-old Marcato Capital Management.? He's pitching Alexander & Baldwin, Gencorp and Brookfield properties.? Here's Mick's bio real quick:
Founder and Managing Member of Marcato Capital Management. Marcato manages a select number of passive and activist investments across all industries with a primary focus on opportunities in middle-market public equities. Prior to forming Marcato, Mick was with Pershing Square Capital Management. Mick has spent his entire career in private and public equity investing and holds an MBA from Harvard Business School and a Bachelor's degree in Economics from Princeton University. He was also recently named by Institutional Investor as one of its 2012 Hedge Fund Rising Stars.
ALEX is a big real estate owner, specifically in Maui and throughout Hawaii. Mick notes that they're carrying millions of square feet at an original cost basis dating back to the 1800's!
He thinks the real estate held by the company - between mainland and on Hawaii - should be worth 13.50 per share ($900 million).? This is roughly half the market cap currently, just in land and RE holdings - the stock is selling for $28.50 today.? ALEX owns 20% of the land mass of Maui and 15% of the island of Kauai!
Bottom line: Maguire believes that ALEX is worth somewhere between $43 and $47 per share when you factor in the true value of their properties - a 50% return from these levels if realized.
Maguire also likes GenCorp (GY), a 9 dollar aerospace stock that happens to own 12,000 contiguous, developable acres around Sacramento, Calfornia, originally purchased in the 1950's!
He also likes the business of GenCorp itself as well as many tax-advantaged aspects of its capital structure. On a free cash flow yield basis, he thinks the stock is worth 145% of its current value - $22 per share versus today's 9!
His third and final stock idea is Brookfield Properties (BRP), also a play on raw land. Brookfield develops raw land which it then sells to homebuilders who build on it. The thesis is that homebuilding levels are still at unsustainably low levels, at a certain point, building must pick up and Brookfield's land will have to appreciate. "Recent home starts have been very encouraging" but we are still far below historical levels.
Also, Brookfield's Canadian properties (15% of their asset base) could be a huge kicker - 80% of their land in Canada is in and around oil-rich Alberta province.
Maguire notes that Brookfield has a longer "inventory runway" than other developers - 30 years worth. This means more flexibility with their capital, they don't have to replenish at unfavorable prices. Also, it's mostly raw land that they hold and old land at that, held at much lower carrying costs.
BRP is a straight up book value story, the older and lower-cost basis land will eventually be valued at higher levels, which will extend to the share price.
That's it for the afternoon session, back later with the evening presentations!
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
Posted on : 10-01-2012 | By : Legal Information | In : Legal Questions, Personal Injury
Tags: Cerebal Palsy
0
Dear sir or madam, I have a couple of brief question?s but they tie into each other. Does having dystonia, cereberal palsy and a history of about 5 strokes fall into the personal injury category. I also have drooling that is part of the dystonia, the cp and the strokes which they all feed off each other and I took medication which I still have to to stop the drooling and spitting when I talk. The medication coused my teeth to rot and I had to have many removed on the bottem and I had to pay out of pocket for that can I get compensation for the money I paid out for the oral surgeons and can I get compensation from the company who created the drug even though i still need it to stop the drooling and the spitting when I talk. And for emotional pain and suffering that I went through. people couldn?t even understand me when I talked. I now have a bottom denture in my mouth but it needs to be fixed but it doesn?t look great anymore and I have upper teeth that need repair one front tooth I had to pay out of pocket to have a front crown and post put in and my medicaid hmo denied me 6 times to cover it can I get compensation for that. I?m sorry if I sound stupid but I?m confused. Thank you Sincerely Michael
Georgian President Mikhail Saakashvili leaves a voting booth at a polling station in Tbilisi, Georgia, Monday, Oct. 1, 2012. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of Saakashvili's government. (AP Photo/Efrem Lukatsky)
Georgian President Mikhail Saakashvili leaves a voting booth at a polling station in Tbilisi, Georgia, Monday, Oct. 1, 2012. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of Saakashvili's government. (AP Photo/Efrem Lukatsky)
Georgians vote during Parliamentary Election at a polling station in Tbilisi, Georgia, Monday, Oct. 1, 2012, overlooked by a bust of Georgian scientist mathematician Nikoloz (Niko) Muskhelishvili. Voters in Georgia are voting in a heated parliamentary election Monday that will decide the future of Saakashvili's government. (AP Photo/Shakh Aivazov)
Georgian President Mikhail Saakashvili speaks to the media at a polling station in Tbilisi, Georgia, Monday, Oct. 1, 2012. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of Saakashvili's government. (AP Photo/Efrem Lukatsky)
Georgia's billionaire and opposition leader Bidzina Ivanishvili prays in a church in Tbilisi, Georgia, Monday, Oct. 1, 2012. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of Saakashvili's government. (AP Photo/Georgy Abdaladze)
Georgian President Mikhail Saakashvili, left, is helped by his son Nikoloz for casting his ballot as his wife Sandra Roelofs stands beside at a polling station in Tbilisi Georgia, Monday, Oct. 1, 2012. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of Saakashvili's government. (AP Photo/Efrem Lukatsky)
TBILISI, Georgia (AP) ? Two exit polls gave the edge to the opposition coalition in Monday's parliamentary election, but they may say little about the final result and the governing party claimed it would retain its majority.
The polls conducted by Edison Research and Gfk were only as of 4 p.m., four hours before the voting stations closed.
They also registered only the vote based on party lists, used to elect 77 of parliament's 150 members.
The remaining 73 members are directly elected by majority vote in their constituencies, where President Mikhail Saakashvili's party is considered to have a strong advantage.
A spokeswoman for his party, Chiora Taktakishvili, said the exit poll data they have seen shows the two sides fairly even in the party vote but the president's United National Movement way ahead in the majority vote and retaining a firm majority in parliament.
The governing party, which has dominated parliament, is up against an opposition coalition led by Bidzina Ivanishvili, a billionaire businessman who has posed the most serious challenge to Saakashvili since he came to power almost nine years ago.
ATHENS, Greece (AP) ? Greece's finance minister will submit the 2013 draft budget to Parliament on Monday, as the government resumed negotiations with international creditors over a two-year additional austerity package.
Yannis Stournaras was meeting with debt inspection teams from the International Monetary Fund, European Central Bank and European Commission ? known as the troika ? in the afternoon.
A group of about 30 protesters, mainly from the small right-wing Independent Greeks party, gathered outside the finance ministry. "Bastards, the gallows are coming," they chanted.
Athens needs the troika to sign off on a package of spending cuts and tax hikes for 2013-14 expected to reach ?13.5 billion ($17.5 billion) so its bailout creditors can continue disbursing billions of euros in rescue loans that are keeping Greece from a messy default.
The cuts relating to next year are to be included in the draft budget that Stournaras is to submit to Parliament after his meeting with the troika ? the first official record of what the new measures will be.
Austerity talks involving the troika and three political parties backing Greece's four-month-old coalition government have dragged on for weeks, with disagreement over how the cuts will affect low-income Greeks suffering under a four-year recession.
Government officials have conceded that pensions and salaries will be axed further.
Conservative Prime Minister Antonis Samaras, in a weekend newspaper interview, argued the country was regaining creditability with rescue lenders by making up for delays in government reforms.
"This will get better ? that's for sure," Samaras told the Sunday To Vima newspaper.
"Our partners can see that changes are now happening ... The first thing we must do is win back our damaged credibility," he said. "Without credibility, you can't negotiate."
WASHINGTON (AP) ? A recall of peanut butter and other nut products has some of the country's largest grocery stores pulling store-brand products off their shelves.
New Mexico-based Sunland Inc. has expanded its recall of peanut butter and almond butter to include cashew butters, tahini and blanched and roasted peanut products. The company, which sells its nuts and nut butters to large groceries and other food distributors around the country, recalled products under multiple brand names last month after salmonella illnesses were linked to Trader Joe's Creamy Salted Valencia Peanut Butter, one of the brands it manufactures.
In addition to Trader Joe's, the recall includes some nut butters and nut products sold at Whole Foods Market, Target, Safeway, Fresh & Easy, Harry and David, Sprouts, Heinen's, Stop & Shop Supermarket Company, Giant Food of Landover, Md. and several other stores. Some of those retailers used Sunland ingredients in items they prepared and packaged themselves.
The federal Centers for Disease Control and Prevention said there are now 30 salmonella illnesses in 19 states that can be traced to the Trader Joe's peanut butter. No other foods have been linked to the illnesses, but Sunland recalled other products manufactured on the same equipment as the Trader Joe's product.
Some of the brand names included in the recall are Target's Archer Farms, Safeway's Open Nature, Earth Balance, Fresh & Easy, Late July, Heinen's, Joseph's, Natural Value, Naturally More, Peanut Power Butter, Serious Food, Snaclite Power, Sprouts Farmers Market, Sprouts, Sunland and Dogsbutter.
Sunland's recall includes 101 products, and several retailers have issued additional recalls including items made with Sunland ingredients.
Those sickened reported becoming ill between June 11 and Sept. 11, according to the CDC. Almost two-thirds of those who became ill were children under the age of 10. No deaths have been reported.
Salmonella can cause diarrhea, fever and abdominal cramps 12 hours to 72 hours after infection. It is most dangerous to children, the elderly and others with weak immune systems.
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