HamsterBox

Tuesday, February 26, 2013

Ben Affleck has offered up an explanation for his Oscars acceptance speech, which led some to speculate that his marriage to Jennifer Garner is troubled.
The actor/director left fans and critics alike scratching their heads when he thanked his wife for “working on our marriage for 10 Christmases,” adding, “It is work, but it’s the best kind of work” during a garbled Best Picture speech after his movie Argo was named the big winner.
But Affleck insists people are reading too much into what he said onstage at the Dolby Theatre on Sunday night.
He explains, “All relationships, to a certain extent, require your work. We work on it together, we try our best, nobody’s perfect… She’s more perfect than I am.”

Oscar winner Jennifer Lawrence was left speechless during a backstage interview on Sunday, after engaging in a flirty exchange with Hollywood icon Jack Nicholson.
The Best Actress honoree was being interviewed for a pre-taped segment on “Good Morning America” shortly after her big win for “Silver Linings Playbook” when Nicholson stopped by to heap praise on the young actress.
He told her, “You did such a beautiful job (in the movie). I don’t mean to crash your interview…” as Lawrence joked, “Yeah, you’re being really rude!”
Nicholson then made a comment about how she bore a striking resemblance to an old flame of his, prompting the blonde beauty to reply, “Oh really? Do I look like a new girlfriend?”
The 22-year-old star, who split from her actor boyfriend Nicholas Hoult late last year, laughed as the veteran quipped, “I thought about it!”, as Lawrence gasped, “Oh my God” and buried her head in her hands as Nicholson, 75, walked away.

Apple Inc. (NASDAQ: AAPL) has long been criticized over its ridiculously high share price. With all of the pressure and media coverage that has been coming from activist investor activity, it should be no real surprise that rumors are circulating that Chief Executive Officer Tim Cook may announce a stock split at Wednesday’s shareholder meeting.
We have noted just recently how the recent pullback in the stock has still not been enough to alter the stigma of investors and traders. They are still buying and selling stock options in many cases rather than buying the stock on the open market. We would not be surprised to see a higher dividend declared as well, but that would be in lieu of a preferred share rather alongside it.
Here is how the math works. At the current market price an investor has to spend $44,800 just to buy a mere 100 shares of Apple stock. To buy one put or call option contract gives an implied leverage of controlling 100 shares. One March $450 Call option costs $14.35 per contract or a mere $1,435.00 to get the right to own Apple at $450.
We do not like the latest proposal to create preferred shares. it is a distraction and may just be one more vehicle for investors to buy something else other than the common stock. Splitting the stock will help that stigma but the question is by how much. A 2-1 split only takes the price down to an adjusted $224. Our take is that if Apple really wants to split its stock then it should consider a 4-1 or even 6-1 to matter.
The thing that investors have to understand is that simply splitting a stock changes nothing real about the math on sales and earnings. It only makes the numbers smaller. Still, historically investors have loved when they see stock splits even if it is such a 1999 strategy.
Jon C. Ogg
The Death of the PC
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