Built to Sell blog...
Great blog by John Warrillow talking about all the elements needed to build value in your company, including the necessity of A recurring revenue in your business. His book, "Built to Sell" is out next month. It might be worth a read! “The best thing you can do for your business – and peace of mind – is to create a recurring revenue model”.
Think trailers...think MERIX.
Housing crisis 'inevitable' if prices outpace income...
The question of a correction comes down to whether increases in household incomes can keep up with rising home prices.
* TSX +70.70 to 14,214.72. The TSX pushed to its highest level in almost three years since June 2008, as investors cheered stellar quarterly results from Canada's two biggest banks who trounced earnings expectations, sending financial shares up sharply.
* DOW +191.40 to 12,258.20
* Dollar +.02c to 102.86c USD
* Oil -$.32 to $101.91USD per barrel retreated from two-year highs amid profit taking and hopes that the conflict in Libya might be resolved by international mediation.
* Gold -$21.30 to $1416.40 per ounce market watchers said investors were likely taking profits following recent impressive runs in those sectors.
* Canadian 5 yr bond yields markets +.18bps to 2.64. The spread (based on the MERIX 5 yr rate published rate of 4.14%) has plunged to BELOW the comfort zone at 1.32.
Two things happened yesterday: they reset the bond maturity being used that acts as the 5 year benchmark, now maturing June 2016. Yields also went up so it appeared to be a very large increase. The reality is yields were up about 10 bps, however that still supports rates increasing.
