Monthly Archives: October 2015

The HBCU Money™ Weekly Market Watch


Our Money Matters /\ October 30, 2015

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $8.40 (0.00% UNCH)

M&F Bancorp (MFBP) $3.40 (0.59% UP)

Radio One (ROIA) $2.11 (1.86% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  303.31 (0.50% DN)

Botswana Stock Exchange (BSE)  10 567.93 (0.03% UP)

Ghana Stock Exchange (GSE)  2 013.22 (10.96% DN)*

Nairobi Stock Exchange (NSE)  137.28 (N/A)

Johannesburg Stock Exchange (JSE) 53 793.74 (0.73% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 461.38 (0.35% DN)

London Stock Exchange (LSE)  3 484.60 (0.44% DN)

Tokyo Stock Exchange (TOPIX)  1 558.20 (0.72% UP)

Commodities

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Oprah Winfrey Purchases Over 10 Percent Of Weight Watchers International


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In a surprise move to many, Oprah Winfrey, Tennessee State University alum and second wealthiest HBCU graduate, purchased a 6.4 million shares of Weight Watchers International’s 57.3 million outstanding shares giving her an 11.2 percent stake in the company. She also has the option to purchase an additional 3.5 million shares, which would push her stake in the company to 17.3 percent. In either case the deal makes Ms. Winfrey the company’s second largest shareholder behind the Artal Group S.A., which itself is owned by Invus, an European shared family office representing a number of wealthy European families.

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The deal also is going to feature Ms. Winfrey as the new face of Weight Watchers. A move to help the long embattled company turnaround is the hope of Ms. Winfrey’s midas touch, that itself has lost some of its luster the past few years. OWN, Ms. Winfrey’s network that she co-owns in a 50-50 venture with Discovery Communications, has struggled to truly gain traction and take off as many had hoped. However, we can certainly expect Weight Watchers to become featured product on the channel’s programming that targets women 25-54.

Will this deal pay off for Ms. Winfrey and her HARPO, Inc.? After the announcement of Oprah’s investment shares in the company doubled and risen almost 150 percent in a little over a week since the October 16th close. Despite this feverish rise short sellers in the company have increased their borrowing of shares by 25 percent. A sign that Ms. Winfrey’s presence is nothing more than temporary fix to a company that may be permanently broken. One of the key statistics to examine is Weight Watcher’s net income (profits) is down over almost 55 percent over the past three years. However, one must also assume that Ms. Winfrey and her team did their due diligence prior to such an investment and see some light at the end of the tunnel.

If the deal does fail, do not worry. The $43.2 million investment in Weight Watchers International is only 1.4 percent of Ms. Winfrey’s net worth, which currently stands at $3.1 billion.

 

HBCU Money™ Business Book Feature – The Making of Modern Economics: The Lives and Ideas of Great Thinkers


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Here is a bold history of economics – the dramatic story of how the great economic thinkers built today’s rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, ‘imperfect’ markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known – and often amusing – facts about the economists’ personal lives that affected their work.

HBCU Money™ Dozen 10/19 – 10/23


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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

U.S. poultry & eggs output has grown more rapidly than dairy and meat animals. l USDA http://go.usa.gov/3hesx

West Coast fisherman says it’s time to strengthen U.S. ocean law, not weaken it l Pew Environment http://pew.org/1L9v47L

Politicians must get tough on sugar to curb obesity crisis l New Scientist http://ow.ly/TM3vf

Experts urge caution when putting health data in the cloud l CIOonline http://trib.al/6R460Z5

Russian cyberspies targeted the MH17 crash investigation l CSOonline http://bit.ly/1i0jalZ

Learn what #CommunityEligibility means to your school or local educational agency? l USDA http://ow.ly/TDL9c

Federal Reserve, Central Banks, & Financial Departments

See how the recovery from the Great Recession has varied around the world l St. Louis Fed http://bit.ly/1NqtgIj

How gentrification can affect your credit score l Philadelphia Fed http://ow.ly/TLXLi

How strong is the link between good financial decisions and education levels? l St. Louis Fed http://bit.ly/1LjnFTm

3 charts show 2015 will be the warmest year yet l World Economic Forum http://wef.ch/1MIiHNY

Has #Ghana made progress on #poverty reduction? l World Bank Africa http://ow.ly/TGhRk

Wealth, tastes, and entrepreneurial choice l NBER http://bit.ly/1W97F9u

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

The HBCU Money™ Weekly Market Watch


Our Money Matters /\ October 23, 2015

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $9.00 (0.56% UP)

M&F Bancorp (MFBP) $3.80 (0.00% UP)

Radio One (ROIA) $2.27 (2.12% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  304.25 (0.96% DN)

Botswana Stock Exchange (BSE)  10 595.05 (0.01% UP)

Ghana Stock Exchange (GSE)  1 987.37 (12.10% DN)*

Nairobi Stock Exchange (NSE)  139.54 (N/A)

Johannesburg Stock Exchange (JSE) 54 298.41 (1.88% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 489.37 (0.39% UP)

London Stock Exchange (LSE)  3 526.02 (1.07% UP)

Tokyo Stock Exchange (TOPIX)  1 547.84 (1.95% UP)

Commodities

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