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Matters Financial |
18 August 2003
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Electricity and Regulation
In the coming months, a load of nonsense will be spoken about the role of regulation and markets in the context of the recent darkness in America and Canada. Free traders will claim that the government is at fault for denying the power of the market to provide power for the people, and the friends of Big Government will demand re-regulation of the industry. Both are providing little light in the debate. Click here to read more.
Marvel Discovers its Business
Marvel Enterprises, which brings the world Marvel Comics, was bankrupt in 1991. In the five years since it emerged from bankruptcy, its stock has soared, and its latest quarterly results exceeded market expectations by about 40%. A great many factors have contributed to the turnaround, but the biggest is the realization by the managers that they aren't actually a comic book company. Click here to read more.
Renewable Energy -- A Passing Wall Street Fad
While most of the northeastern US sat in the dark Thursday and Friday last week, some on Wall Street sought to make a buck on the shortcomings of the North American power grid situation -- that is, after all, what Wall Street is there to do. But the enthusiasm for renewable energy stocks had all the hallmarks of a bubble building. This is what comes of emotions in stocks rather than reason. Click here for our view.