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June 17, 2011     Post-Gazette
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June 17, 2011
 

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Page 4 POST-GAZETTE, JUNE 17, 2011 with Ben Doherty by Sal Giarratani .... Z._&/ EARNINGS MIXED Stocks posted gains in all three indexes for the 1st time in a month. The NYSE rose. 8%, the S&P500 rose .7% and the NASDAQ rose .4%. Gains faded in the final hours but the Indexes rose as funds were aggressive partici- pants. Gains were broadly based with seven industry groups rising as volume in- creased. Fertilizer and farm equipment stocks did well on good gains. The Agriculture Department estimated that U.S. feed grain supplies would be tight in 2012 and corn acreage is expected to be small by weather related problems. Illinois-based fer- tilizer group is strong right now. Deere advanced 3% on heavy volume. Titan Equip- ment, an operator of farm equipment leapt 12%. Titan beat the analysts averages and raised its guidance pace. The jobs report was worse than expected, but it didn't affect the market. Apparel retailer Lulermon Athletics set a 2-for-1 stock split but will report results on Friday, September 17th. Chipotle Grill, Buffalo Wild Wings, Panera Bread and BJ Res- taurant's are the best per- formers in the group. Buffalo Wild Wings have jumped more than double in the last five quarters. Ford analysts expect 4% growth this year. Consumers will have to settle for price hikes to off- set higher food costs. A lot depends on gas hikes, but will be anticipated. IPOs hold their volume on solid demand. Storage IPO Fusion came public last week and closed near its lows after being up 15% dur- ing the day. Fusion's de- mand was high as it raised its IPO price to $19/share and traded as high as between $18 and $29/ share. Q1 sales of Fusion was $67 million on net in- come of 97 million. A com- petitor Facebook earnings were up to 47% of revenue the first nine months to March 31st. It uses the cloud- computing system from Amazon, and Microsoft. Vio- lin Memories just got $40 million in an IPO, making the way for NBA networks, and others was the old stor- age doesn't work in the new world. This could affect EMC and Net App. VP Joe Biden is leading a group to settle the Greek crisis! Corn prices rose after the USDA started harvest fore- casts. Oil rose to $102/bar- rel. Silver jumped 2% to $38/ oz. The Saudi's offered to pump more oil, which en- hanced the price. They will pump 10 million barrels a day as $8.8 million compared to May. Greece's recession is far worse than expected as application loans has been worse than anticipated and application loans fell 4.4%, the lowest since 1997, a bid sign for the summer season. The economy may be down not out! Growth slowed in May as high food and gas prices hurt consumer spend- ing and Japan's disaster hit manufacturing. The Fed said seven regions grew steadily with the Dallas region see- ing stronger activity. De- mand fell last week as the 30-year mortgage fell four ticks to 4.54%, a six month low. Refinancing slowed and rose 1.3% due to lack of equity by homeowners. Judges question the con- stitutionality of Obamacare. The 11th Circuit Court of Appeals is mulling with law- yers from 26 states. The judges may be neutral. The Supreme Court may end up hearing Obamacare. Few of those being asked by poll- sters about the Ryan plan know anything about it. 61% answered not sure on not much when asked about their knowledge of the Ryan Plan. Only 12% knew what premium plan means. An IBD/TIPP poll found that those aware of the plan, 68% agree that opponents are scaring the seniors and 54% say that media coverage is misleading. Ryan has a lot of selling to do. 44% say it will put Medicare on a sus- tainable patch with 60% say- ing it will on a destructive path and prefer it the way it is, The public would prefer Medicare the way it is and don't want it changed. Altera has seen heavy de- mand from markets across the globe. Earnings enjoyed a rebound last year and operating margins improved to 40%/year. Sales to the Asian/Pacific region im- proved to 16% from 40% last year. A slowdown in some markets was offset in other , markets. No American sales increased 20% for the quar- ter due to strength in the military and industrial markets. On June 2"d Altera reported recovered earnings up and on July 19th, analysts expect .64C/share up from .58C/share last year on sales of $562.9 million. It's time to call your financial advisor or call me at 617-261-7777. Sumner Tunnel Closures Starting June 17th We All "'Dash" Through Our Lives "Only those who risk going too far can possibly know how far one could go." -- T.S. Elliot On Friday evening I at- tended the graduation exer- cises for North Attleboro's Class of 2011 students. The above quote from T.S. Elliot was this year's class motto. I'm sure it was picked by seniors to inspire them to reach beyond their grasp. Life is never meant to be easy, it always remains a challenge to be understood and conquered. High school graduates have just begun their lifetime adventure. Attaining a diploma is the first mark of adulthood. The training wheels of the class- room have been removed. For some of these young men and women, the workforce awaits them. For some, it is military service. However, for most, it is college in Sep- tember as the next genera- tion begins the groundwork for their future goals. T.S. Elliot had it right. Life isn't always or even seldom about easy things or sailing on easy street. Life gets tough. Mommy and Daddy are there but this is your life now. You steer it for good or bad. Parents can try and steer you in a direction but you are now the driver and no longer a passenger in this world of ours. Nearly 300 students re- ceived their diplomas from North Attleboro. Their se- nior prom is history. Gradu- ation Day is history. High school days and things like detention are history. For good or bad, the journey be- tween birth and death has begun in earnest. During the graduation exercises, the acting Superintendent of Schools Susan B. Cullen ad- dressed the seniors in their red or white caps and gowns. It was a simple poem about something we have seen endlessly and never fully understood. We've heard the expression "the mad dash." I can picture the old Filenes Basement in Downtown Bos- ton. Remember when all those wedding gowns go on sale and women of all ages lined up like horses at Suf- folk Downs. The signal goes off and all the ladies charge the hangers looking for a cheap gown. It looks like a cattle stampede. Pushing and shoving each other for a great deal in life. However, the poem talks about a much different dash, the ones seen at cem- eteries on tombstones. Be- tween the dates of a birth and death is a dash and while we focus on the dates, we forget the dash. The dash of life, the dash that marks the time we live and experi- ence our dreams, our hopes, our failures and our fami- lies. The dash is just a little line but it is the line of our lives. For some the dash is longer or happier than oth- ers. For some it marks great joy and for others great sor- row. My own father was born in 1912 and passed away in 1989. He is buried over in Malden, Massachusetts at Holy Cross Cemetery. My mother is there. My mater- nal grandmother is there. Many of my uncles are bur- ied there too. Often the only time we see the dash of our lives is on Memorial Day when many of us visit the gravesites of family mem- bers no longer with us. We never really recognize the dash but before hearing "The Dash" by Linda Ellis for the first time on June 4, I never Beginning Friday, June 17, 2011, MassDOT will be implementing intermittent tunnel closures for a period of one week in the Sumner Tunnel, which connects East Boston with downtown. The restrictions are re- quired for pavement milling operations. The Sumner Tunnel will be closed to all through traffic during the following dates and times: Friday, June 17, 2011 from 9 PM to 8 AM the fol- lowing morning. * Saturday, June 18, 2011 from 9 PM to 8 AM the fol- lowing morning. Monday, June 20, 2011 from 9 PM to 5 AM the fol- lowing morning. * Tuesday, June 21, 2011 from 9 PM to 5 AM the fol- lowing morning. Friday, June 24, 2011 from 1 AM to 5 AM. The Agency for all your Insurance Coverages Owned and operated by Pamela Donnaruma, Publisher, Post-Gazette AUTO HOMEOWNERS TENANTS COMMERCIAL Experience makes the difference SPECIALIST in RESTAURANT and BUSINESS POLICIES CALL TODAY FOR YOUR QUOTE 617-523-3456 - Fax 617-723-9212 1 Longfellow - Place Suite 2322 - Boston, MA 02114 Conveniently located with Free Parking During the work, traf- She offered a poem by Linda fic leaving the airport will be ' Ellis entitled "The Dash.' I directed to utilize the Tedhad never heard of it and Williams Tunnel and will beprobably most hadn't. How- detoured via the Route 1A ever, it was a powerful poem U-Turn at Bennington that offered much to those Street. There will be some who listened and understood noise associated with the what the words were saying. milling work. Rapine Memorial Home 9 Chelsea St., East Boston 617-567-1380 Kirby-Rapine Memorial Home 917 Bennington St. East Boston 617-569-0305 Dino C. Manca Funeral Director A Family Service Affiliate of AFFS/Service Corp. Int'l 206 Winter St. * Fall River, MA 02720 508-676-2454 really thought about the dash that marks our lives lived. North Attleboro's Class of 'I 1 heard a great lesson of life from the acting superin- (Continued on Page 15) No Quality Printing for all your Commercial and Personal Needs -- COMPETITIVE PRICES --