(Reuters) — CBOE Holdings Inc., which runs the Chicago Board Options Exchange, reported lower-than-expected earnings on Thursday, with quarterly profit falling 11 percent.CBOE’s Chief Financial Officer Alan Dean called the results — the company’s first since its $339 million initial public offering in June — “solid,” and pledged to keep a tight control over expenses in future quarters.But the company projected core expenses to rise 3 percent to 5 percent annually, a factor that could weigh on the stock price today, said Ed Ditmire, a New York-based analyst for Macquarie Securities.”The cost growth guidance, while low by industry standards, is above our projections,” Ditmire told investors in a note on Thursday.
Posts Tagged ‘Stock Price’
CBOE’s drop in profit disappoints investors
August 5th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Alan Dean, Cboe, Chicago Board Options, Chicago Board Options Exchange, Chief Financial Officer, Contract Options, Ditmire, Electronic Exchange, Electronic Trading, High Frequency, Initial Public Offering, Macquarie Securities, Net Income, Options Exchanges, Organic Growth, Quarterly Profit, Reuters, Stock Price, Tight Control, Volume Trends 
Comments OffSEC’s new short selling rules are short-sighted
March 4th, 2010 Before You Invest The Securities and Exchange Commission’s (SEC) choice to bring in tougher regulation of small selling practices has been criticized by a professor of finance.Under the new rules, which were approved last week, restrictions will be imposed on small selling when stock falls by more than ten per cent in the course of a day.If that occurs, then small selling may only take place at a price above the best bid for that stock.According to SEC estimates, around four per cent of the market is affected by drops of ten per cent or more on an average day.But the go has been attacked as “small-sighted” by Professor Larry Harris from the USC Marshall School of Business.He told the Financial Times: “The majority of such sales reflect hedging and … if a stock price does not reflect fundamental value, retail investors will most likely end up paying more than they should for it.”Announcing the introduction of the rule last week, a statement from SEC said the intention of the new legislation is to help market stability by preserving investor confidence.
Posted in Finance Fraud Tags: Best Bid, Course Of A Day, Estimates, Finance, Financial Times, Fundamental Value, Intention, Investor Confidence, Larry Harris, Market Stability, New Legislation, Professor Larry, Retail Investors, School Of Business, Sec Rules, Securities And Exchange, Securities And Exchange Commission, Selling Stock, Stock Price, Usc Marshall School Comments OffThis Day in Wall Street History 1881: Western Union snaps up Atlantic and Pacific Co.
January 19th, 2010 Before You Invest In 1881, Jay Gould — the ravenous financier and archetypal robber baron — used his wiles and ways to seize control of Western Union, William Vanderbilt’s mighty telegraph company. Gould mounted an elaborate campaign to drive down the company’s stock, using his newspaper — as well as his influence on Wall Street — to raise doubts about Western Union’s leadership and hefty stock price.
Posted in Finance Fraud Tags: Archetypal, Asking Price, Busy Driving, Cheap Stock, Cronies, Desperate Attempt, Final Phase, Financier, Gambits, Jay Gould, Pacific Co, Pocketbook, Robber Baron, Source History, Stock Price, Telegraph Company, Wall Street History, Western Union, Wiles, William Vanderbilt No Comments »California Broker Barred from Securities Industry for Insider Trading
November 7th, 2009 Before You Invest A former employee of Piper Jaffray & Co., Abhishek Uppal, has been barred from the securities industry for engaging in insider trading. The Financial Industry Regulatory Authority (FINRA) made this choice following actions taken by Uppal in June of this year.Uppal, a resident of the San Francisco area, bought shares of SoftBrands days before the company announced it was being bought by Golden Gate Capital and Infor Global Solutions.
Posted in Finance Fraud Tags: Abhishek, Acquisition, Broker Dealer, Business Day, California Broker, Financial Industry Regulatory Authority, Golden Gate, Golden Gate Capital, Illegal Activities, Infor Global Solutions, Insider Trading, Mask, Piper Jaffray Co, Possession, San Francisco Area, Securities Industry, Softbrands, Stock Price, Uppal No Comments »Corporate Speak Glossary
June 13th, 2009 Before You Invest action item An urgent task requiring immediate action—from someone else.as discussed A phrase used to remind someone of a conversation that has never taken place: “You don’t remember? That’s weird. We certainly discussed it.”assign ownership To dump responsibility on someone else as quickly as possible.at the end of the day Never mind what happened during the day.
Posted in Finance Fraud Tags: Backside, Bandwidth, Best Practices, Brain Space, C Level, Checks And Balances, Core Competency, Corporate Speak, Dce, Designation, Ferrari, Ferrari 599, Graphic Design, Last Ditch, Organizational Chart, Private Bathrooms, Proper Processes, Shareholders, Stock Price, Syllable No Comments »
