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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Friday, June 06, 2008
Pali Capital Expands Research Offering with Leading Softline Retail Analyst
Comtex
NEW YORK, June 6, 2008 /PRNewswire via COMTEX/ ----Pali Capital, Inc., the U.S. broker-dealer subsidiary of Pali Holdings, Inc., today announced that Amy Noblin has joined the firm as Managing Director and Research Analyst, covering the softlines retail sector.
Ms. Noblin will report to Richard Greenfield, Managing Director, Media analyst and Walter Piecyk, Managing Director, Telecoms analyst, both based in New York.
"Amy has a unique background having worked both as an analyst and for leading global retailers. We welcome her to our growing team and are confident she'll provide valuable, action-oriented research for our clients," said Kevin Fisher, President and Co-head of U.S. Equities.
"I am honored to join a firm with such a deeply respected and fast-growing independent research platform," said Ms. Noblin. "I look forward to extending the firm's capabilities in the retail sector."
Pali Capital's U.S. research team now covers the following sectors: building products, home building, media, specialty retail, softlines retail, and telecom, and is planning to expand its research group in 2008.
Ms. Noblin brings over 9 years of expertise as a softlines retail analyst to Pali. She was most recently Senior Analyst and Principal at Banc of America Securities in San Francisco. Prior to Banc of America Securities, she was an Equity Research Associate at Donaldson, Lufkin & Jenrette in New York. Ms Noblin began the first five years of her career as a Buyer at Neiman Marcus Group and Harold Stores in Dallas and then as an Associate Buyer at Saks Fifth Avenue in New York. She received her Bachelor of Science degree in Economics from Texas A&M University.
Ms. Noblin can be reached at: (415) 927-2662, anoblin@palicapital.com, AOL IM: awnoblin
Richard Greenfield, Managing Director, recently ranked second in the 2008 FT/StarMine Equity Analyst Awards for U.S. Media Stock Picking, and was cited by Institutional Investor as best boutique for media and cable research. Mr. Greenfield and Mr. Piecyk were both cited in the Wall Street Journal's Best on the Street for stock picking.
About Pali
Pali is an independent, global, full-service institutional securities firm and investment bank that has served leading hedge funds and money managers since 1995. Headquartered in New York, with offices in London, Singapore, Boston, and Minneapolis, Pali provides clients with institutional brokerage, independent research, capital markets services, structured finance, and corporate finance advisory services. Please visit www.palicapital.com for more information.
SOURCE Pali Capital, Inc.
Copyright (C) 2008 PR Newswire. All rights reserved
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