Rob Black & Your Money April 18 - Apple #1 Retailer, Buffet Fights Cancer & Dick Clarks Empire

By: Rob Black - Wed, 18 Apr 2012 16:28:18 -0800

Loser: Stocks Decline as Intel, IBM Tumble

U.S. stocks fell, after the biggest advance in more than a month for the Standard & Poor’s 500 Index, as Intel and  IBM drove a slump in technology shares after reporting results.

Intel forecast gross margin that was lower than some analysts predicted and IBM’s sales missed forecasts.

Profits are lukewarm. You get disappointments from some bellwether technology companies at a time when the market has had such a good run.

Not thinking the market tanks , but if we’re going to add to positions, we need a pullback.


Winner: Dick Clark Business Man

He got his start in 1947 when his father hired him for a mailroom job at ABC-affiliated radio station in Utica, New York.

We all know about New Years Rocking Eve.

1972   After two brief runs as a quiz-show host, Mr. Clark hits the jackpot with 'The $10,000 Pyramid,' which premieres on CBS.  Utlimately in  1981 it becomes  'The $50,000 Pyramid,' and continues until 1988

1974   Mr. Clark begins producing 'The American Music Awards,' an annual special aired on ABC. The show is meant to offset the Grammy awards.

1984 Clark produces and hosts the NBC series 'TV Bloopers & Practical Jokes,' which runs through 1988.

 1987   Publicly traded  Dick Clark Productions began trading. Produced 1000s of hours of TV like American Country Music Awards to the Daytime Emmy Awards.

2002  Produces the NBC television series 'American Dreams,' about a Philadelphia family in the early 1960s whose daughter is a regular on 'American Bandstand.'

June 2007  Clark’s production company was sold for $175 million in June 2007 to Daniel Snyder, owner of the Washington Redskins football team. The deal included Clark’s shows as well as his vast library of musical performances.

Winner: Buffett to Stay at Berkshire Amid Cancer Fight

Billionaire investor Warren Buffett on Tuesday disclosed that he has prostate cancer and indicated he will keep running his  Berkshire Hathaway conglomerate as he receives treatment in the coming months
.
In a letter to shareholders, Mr. Buffett, 81 years old, disclosed he has stage 1 prostate cancer, an early form of the disease that is treatable. He said he was told by his doctors that his condition "is not remotely life-threatening or even debilitating in any meaningful way."

Mr. Buffett, who has run Berkshire for nearly half a century, doesn't expect to step down from his dual roles managing the conglomerate and overseeing the bulk of its investments.

But the development may raise more questions about closely guarded succession plans for Berkshire's leadership, a concern that has weighed on the company and its stock price over the past few years.

Mr. Buffett said in February that the company's board has identified an individual to succeed him as CEO and two backup candidates.

Winner:  Apple Stores Outperforms All Retailers

According to new data from RetailSales, Apple Stores still lead in sales per square foot by a significant margin, reports Asymco.

Sales of $300 per square foot and above is considered respectable, with the average for US malls being $341 and the average jeweler hitting $600.

Apple blows these numbers out of the water, fetching just over $6,000 per square foot for its stores.
Tiffany is # 2 on the list  Coach is #3 followed by Lululemon

Apple reports earnings next Tuesday the 24th

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