zebra1.JPG

To add your name to our networking event invite list, email us.

« January 2009 | Main | March 2009 »

February 26, 2009

Gary Locke - Obama's Smart Choice

I so often find that one door closes and another opens. And what's behind door 2 or 3 is better than the original. In this case, President Obama named Governor Bill Richardson, a leading Hispanic, as his commerce secretary. Events unfolded and Governor Richardson resigned the appointment. Next, President Obama named Judd Gregg, a Senator from New Hampshire and he decided not to proceed with the appointment. Now President Obama has named Gary Locke. Here's his background:

Locke, a democrat, is currently working for the Seattle-based law firm Davis Wright Tremaine on issues involving China, energy and governmental relations. He was the former governor of the state of Washington, serving two terms from 1997 to 2005. Locke was the first Chinese-American to serve as governor in the United States.

Imagine, a Commerce Secretary who has enormous experience dealing with China and who is a Chinese-American who speaks Taishanese Cantonese (Chinese) (OK, Mandarin would be better!).

Although Governor Richardson is a great public servant I don't think that having a Hispanic Secretary of Commerce makes near the statement of having a Chinese Secretary of Commerce. Where does our future lie in terms of trade - Asia, especially China. What is our top concern - energy.

This is a brilliant pick...better late than never!

Gillian Parrillo
SacWomen.com


February 25, 2009

The Best Stock To Buy Right Now

What if you found a company that has $408M in cash on the books and has a market capitalization of $249M? That's like someone giving you a dollar for sixty-one cents. And you still own the company's future prospects for nothing!

Would you buy it?

Before you decide, let me tell you more.

The company is profitable with $70.8M in net income on $638M in revenue (trailing twelve months). Profit margin is 10.9%.

Return on equity is 21.9%, return on assets is 6.3%, and return on capital is 18.1% (all last twelve months).

And the company’s total debt is $13.17M.

For the last twelve months, the operating cash flow was $114M and levered free cash flow was $84M.

The company shares closed today at $8.15. That’s a P/E of 3.57.

Who is it?

Humboldt Wedag International Ltd. (NSYE: KHD), a Hong Kong based company that is engaged in industrial plant engineering and equipment supply business and has a royalty interest in the Wabush iron ore mine. The Company's industrial plant engineering and equipment supply business focuses on services for the cement, coal and mineral processing industries. KHD supplies plant systems, as well as machinery and equipment worldwide for the manufacture of cement and the processing of coal and minerals, whether for new plants, redevelopments of existing plants or capacity increases for existing plants. The Company designs and provides equipment that produce clinker, cement, clean coal, and minerals such as copper and precious metals. The scope of services also includes feasibility studies, raw material testing, financing concepts, erection and commissioning, personnel training, and pre and post sales services.

I bought a few shares last week with some of my year-end bonus.

Warren Buffett would be proud of me! This company rocks! What a great margin of safety!

Pierre Cutler
The Sacramento Executive

February 23, 2009

2007 Merry Edwards - The Highest Rated Sauvignon Blanc Ever

Merry%20Edwards.jpg
Merry Edwards Sauvignon Blanc, Russian River Valley 2007, is the highest rated Wine Spectator Sauvignon Blanc ever! This month Wine Spectator rated this fabulous white 96 points. And the release price? Just $29!

This smashes the previous best! The next best wine ever of this varietal (and there were just two) received 94 points.

According to Wine Spectator, the 2007 Merry Edwards Sauvignon Blanc release is:

A rocket beam of vibrancy, with effusive honeysuckle notes, ripe honeydew melon, citrus, pear and apricot flavors that have amazing structure, depth and body. Ripe flavors end with a mouthwatering finish, where the mineral and spice details echo on and on. Drink now through 2012 (3,880 cases made).
The previous best Sauvignon Blancs?

ARAUJO Sauvignon Blanc Napa Valley Eisele Vineyard 2002; score: 94; release price - $32; Napa, California; Wine Spectator Top 100 of 2004, with a rank of 34; Wine Spectator Designation: Highly Recommended.

An exceptional bottling that offers a veritable explosion of hay, lemon blossom, grass, melon and nectarine notes. Tangy acidity, supple cream tones, anise and mineral nuances weave through a finish of superior depth and dimension. Doesn't get much better than this. Drink now through 2006. 1,300 cases made. –JL
CLOUDY BAY Sauvignon Blanc Marlborough 1996; score: 94; release price - $17; New Zealand ; Wine Spectator Top 100 of 1997, with a rank of 7; Wine Spectator Designation: Spectator Selection;
Superb. Well crafted, it's steely dry but exuberant at the same time, with distinctive, bright passion fruit, nectarine and herb flavors that linger bracingly through the zingy finish. Delicious. Drink now. 7,000 cases imported. –HS
I think this incredible Merry Edwards wine will be in the top five of 2009. Will it be number one? Stay tuned.

And the good news for me - I bought a case of this all time best today. Thank you Rick Siegman, wine merchant at the Centennial Fine Wines and Spirits in Highland Park Village, Dallas, for getting your hands on this beauty!

Pierre Cutler
The Sacramento Executive

February 19, 2009

Breaking News From Phnom Penh

Just in from "The Phnom Penh Post", Monday February 16 2009:

Page 6 (national news) - "Man Robbed By Street Prostitute"

A 44-year old moto-taxi driver had his bike stolen by street prostitutes on Saturday while he was touching the girls in a Phnom Penh park. The man realized that his bike was stolen and escorted one of the prostitutes to police for questioning. The 21-year old girl admitted she'd passed the bike's key to her friend to steal while the man was busy touching her body.
Gillian Parrillo
The Sacramento Executive

February 18, 2009

Good-bye 401K!

What's this insane world coming to? The following companies have suspended their matching 401K programs. Is there piling on, or is this legitimate?

  • Albritton Communications Company
  • Vitesse Semiconductor Corporation
  • North Jersey Media Group
  • Fossil, Inc.
  • Sparton Corporation
  • Atlanta Convention and Visitors Bureau
  • Journal Communications, Inc.
  • Bassett Furniture Industries, Inc.
  • Harrah's Entertainment, Inc.
  • Libbey, Inc.
  • Commercial Vehicle Group, Inc.
  • The Advocate
  • New York Daily News
  • Greater Greenville Chamber of Commerce
  • Star-Tribune
  • 7-Eleven
  • Eddie Bauer
  • Allis-Chalmers Energy Inc.
  • Tenneco Inc.
  • Talbots, Inc.
  • Diebold
  • Brush Engineered Materials Inc.
  • McClatchy Company
  • WellCare Health Plans Inc.
  • Measurement Specialties, Inc.
  • ArvinMeritor Inc.
  • Wynn Resorts Limited.
  • G-III Apparel Group Ltd.
  • St. Petersberg Times
  • UPS
  • Washington Regional Medical Center
  • Huntington Bancshares, Inc.
  • Mount Airy Casino Resort
  • Penske Automotive Group, Inc.
  • Macy's
  • Lincoln Electric Holdings Inc.
  • Xerium Technologies
  • Stephens Media LLC
  • Pep Boys Auto
  • Reader's Digest Inc.
  • Sprint Nextel Corporation
  • Wabash National Corporation
  • Media General
  • The San Diego Union-Tribune
  • AMD, Inc.
  • Cymer
  • Saks
  • Visteon Corporation
  • Zep, Inc.
  • Belk, Inc.
  • Mohegan
  • Tribal Gaming Authority
  • US Steel
  • ShopNBC
  • LeCroy
  • GateHouse Media
  • Media News Group
  • Sears Holding Corporation
  • NCR
  • Starbucks
  • Keithley Instruments
  • Unisys
  • American Media
  • Kemet
  • FirstMerit
  • FedEx
  • GenCorp Inc.
  • Motorola
  • Momentive Performance Materials
  • Boyd Gaming Corporation
  • Resorts International Holdings L.L.C.
  • Eastman Kodak
  • Vail Resorts
  • Ford
  • Chrysler
  • Station Casinos
  • Intermountain Healthcare
  • Cushman & Wakefield
  • Lee Enterprises Inc.
  • Entercom
  • A.H. Belo Corporation
  • General Motors
  • Morris Communications Company
  • Frontier Airlines Holdings Inc.
How is it that management is escaping from the impacts of their bad leadership and the workers continue to bear the brunt? Workers should be outraged! What else will we be asked to forego? Suspend our merit pay raises? Give up our houses? Pay bonuses to the elite? And make our grandchildren pay for our business and government leaders' mistakes?

Pierre Cutler
The Sacramento Executive

February 16, 2009

Today In Cambodia - Women Making A Difference

I found this moving piece in my email today from my wife Gillian Parrillo who is on travel with World Pulse in Cambodia:

We thought you would like to know that Jensine has posted to the group "Journey to the Heart of Cambodia."

In a post titled "Cambodian Valentine," Jensine wrote:

Cambodian Valentine

Each day pours onto itself – a streaming trail of lotus petal, carved stone and dusty road tuk tuk memories now.

Leading us to today – our final day. “How could we have bonded more?” asked our group last night, laughing…Valentine silk in red, maroon, and pink across our shoulders.

ABOVE ALL, the voices came in towering waves. We circled together, leaning in to hear the leading voices of Cambodia’s women……

-Elected member of parliament and women’s champion, Mu Sochua’s told her struggles, dreams and lifted her rallying cries. With her young associate by her side, we felt the next wave of Cambodia’s political future.

-In the garbage dumps, we filed past sleeping baby goats under cars and on heaps. Young teachers led us by the hands to their classrooms where bursting children practiced their English and awed us with their determined joy. Our visit ended in an explosion of traditional, precise and earnest - Khmer dancing by the young students. Their People's Improvement Organization school led by Phymean Noun (in Canada fundraising), recently profiled on CNN, made our eyes wet we parted with many high fives, and giggling girl hugs.

-International Journalist, Author and media trainer Putsata Reang– wowed us with her gripping life story and her illuminating take on land-grabbing and the upcoming Khmer Rouge tribunal.

-Sex Slavery warrior Somaly Mam and her colleague presented sobering and gripping account of the horrors young women and girls face in Cambodia today. They shared their programs – including taking on local police authorities and the new programs bringing together the voices of survivors. Some from our group visited her center the next day, moved and shaken into a new reality through the girl’s expression.

-The Founder of Cambodia’s Women’s Media Center, the distinguished Tive Sarayeth – impressed us with the achievements of her programming and decades of work. She shared with us the realities of reaching Cambodia’s mostly rural women with vital health and educational programming with her 70 member staff.

-We walked alongside landmine survivors and their advocates in the Veterans International rehabilitation center - we felt the plastic limbs in our hands that allow mothers to hold their children again and advance their lives. We learned of the 40% of Cambodian land still poisoned with these weapons.

And woven through it all - author Loung Ung’s open armed embrace….her constant interpretation and vocal path of light …… allowing us to see the Cambodia she loves through her eyes.

The increasingly heavy understanding of Cambodia’s corrupt and violent past and present blanketed everything. History of war, feminine repression, toxic contamination, genocide – echoes of baby cries richocet off smeared walls, torture devices left in their place….in the museum.

The bird calls at sunrise swooping across the towers of Angkor wat… echoes across etched pillars….incense and guana smudging the air and stone. A sacred civilization, with many teachings.

Our dinner tables - always heaped with food and stimulating conversation – as we processed, grappled, mourned and celebrated together. We left each speaker and group with a contribution…. furthering the political work, investigative work, human trafficking work, ramps for the landmine center, and even costumes to light up the children’s spirit for performances.

For some, punctuated with cool pool dips, healing massage, Cambodian haircuts, freeing walks… and many many bows and smiles.

And much more….left to linger in our senses forever. We raise our cold water glasses, our resources, our talents and voices to stand in solidarity with the Cambodian women from this moment onward. Deeply personal, deeply committed.

To Cambodia, with Love
Jensine

Jensine Larsen is Founder and CEO of World Pulse, "a global team united in our passion to create equal visibility for women in international media and to foster women’s leadership worldwide".

Pierre Cutler
The Sacramento Executive

February 15, 2009

My $118 Cup of Coffee

Yesterday I paid $118.37 for a "grande" cup of coffee at Starbucks! Yikes!

Surely you must think I jest. But it is absolutely true. Let me explain.

For starters, I forked over two dollars for the cup of joe. As I did, an inner voice spoke to me. I think it was Warren Buffett. He asked, "What is the true cost of that little cup of joe (even though Starbucks names the cup "grande") thirty-six years from now?"

Well if I put the two dollars into a 401K plan that returns 12% a year, in thirty-six years my cup of joe costs me $118.37. And if I buy five cups a week on my way to work for the next year, my coffee habit costs me $30,750; and. if I do this every year for thirty-six years, my coffee habit costs $282,151.32!

Wow! That is truly a grande cup of coffee!

How can I afford to drink coffee? Me thinks I should stick to water from the drinking fountain!

Oh, I almost forgot - I eat out for lunch every day at work. And what does a sandwich with chips and a drink cost? You might think just $8.75. But not really. Try $517.44 (at 12% return for thirty-six years). My weekly lunch habit for a year costs $134,533 and if I did this repeatedly for thirty-six years, eating out for lunch costs me $1,234,412!

That's over a million dollars for lunch! It better be damn tasty!

Pierre Cutler
The Sacramento Executive

February 14, 2009

My Son Goes To Vietnam as a Kiva.org Volunteer

I just received this note from my son Nathan:

Hello Friends and Family,

Many of you do not know this, but I am currently in Hanoi, Vietnam for the next four months volunteering for an organization called Kiva.org. Kiva is a microfinance organization based out of San Francisco with a very simple mission: to connect people through lending for the sake of alleviating poverty. Kiva's business model is actually very innovative in the Microfinance industry. They find lenders like you and me all around the world who want to lend $25 to a poor borrower somewhere in the developing world with no returns other than hopefully getting some type of journal update about the borrower that they have lent to. This journal updating, in short, is my role with Kiva. Only 20% of all borrowers have a journal update about them, and Kiva wants to increase this because these updates are what keep lenders coming back! The best part about it is, once you get your initial $25 back you can re-lend again! Theoretically, if your borrower doesn't default (defualts are less than 2%! better than typical commercial bank loans!) you could lend that $25 an infinite number of times.

While these journal updates are my primary role as a Kiva Fellow I will also be doing other things including helping my microfinance institution in Vietnam (SEDA) do a operational cost benefit analysis, create press releases, and blog about my experience. The blogs, in my opinion, will be the most fun! With that I would all love for you all to read my blog as often as possible. I will have two of them: a personal one and a Kiva Fellows one. My personal one I will update hopefully on a daily basis, but the Kiva Fellows one maybe once every week or two. With that said, my first big Kiva blog will be posted this Friday the 13th!

Here are the links to my blogs:
Personal: http://nmcutler.wordpress.com/
Kiva Fellows: http://fellowsblog.kiva.org/

Furthermore, I encourage you all to become members of Kiva.org and start lending! It's quite addictive and for a great cause.

With Regards to everyone,

Nathan Cutler

Check out his first blog by clicking here.

Pierre Cutler
The Sacramento Executive

February 9, 2009

My Co-worker Just Lost A Million Dollars

I could not have received worse news last week from my company!

This past Tuesday, my company announced a freeze on pay raises for the next year! This simple action cost my co-worker junior engineer one million dollars! How so?

Assume she is 27 years old and makes $75,000 a year. Her annual merit pay raise was 4%. This action cost her $3,000 in salary increase for 2009. Let's say she retires at the age of 58 and receives on average an annual 4% pay raise over the next 31 years. The compounding effect is $177,985 of lost income.

And that's just the begining of the loss! Let's assume she manages to save the annual pay raise in a taxed deferred savings account and it grows at a 12% annual rate. The result?

An amazing $1,122,094!

Wow! This would make Warren Buffett sick!

Pierre Cutler
The Sacramento Executive



Sponsors

CBLogo_webjpg (180 x 92).jpg

caroline%20jensen%201%20%28180%20x%2068%29.jpg

Pillsbury.jpg

legacy%20capital%20%28180%20x%2062%29.jpg

MPSC logo (180 x 64).jpg

Comstock2.jpg



eMail Us

comstocks (180 x 53).jpg
prosper_logo (180 x 28).jpg
re_bannerad.jpg

Website Contributors

AmplifyOEROverLogo.gif