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| − | , | + | ,The analyst recently revealed data that shows an innovation spurt occurring as the economy tanks.Innovation slacks off as spending climbs.Much of the innovation that will drive the coming upturn is being developed in a flurry of activity that is off the radar right now.When we return to years of fruitful product and service introductions, you'll notice the Internet will not be all the rage that it was in 1999 and 2002.Much of the innovation will be Internet-based, Internet developed and will have Internet components, but the Net will no longer be the center of innovation.As we learned to shift bank funds by using our push-button phones, we didn't marvel at what our phones could now do. |
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| − | , | + | ,Thus, in theory, cap-and-trade promises to turn global industries green in the easiest, most cost-effective way possible.Carbon Market MeltdownThe only problem? The global recession has wreaked havoc on the carbon market's underlying fundamentals.Industrial plants worldwide have cut production, lowering their pollution levels and demand for carbon credits.Other companies looking to slash costs have postponed or even scrapped plans to upgrade to green technology, thus reducing the supply of tradable credits.In a recent report, industry research group Point Carbon said that although trading volume will likely grow 20% this year, the total value of the carbon market will drop to $79.7 million down 32% from last year."Survival is the focus in 2009," wrote the report's authors. |
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| − | , | + | ,Their core dating brand is "Are YOU Interested?" which has over 55 million user installations, 8 million monthly active users, and quickly received 675,000 downloads of its iTunes mobile application in Q3 2011.The company's location-based social application is branded under "Who is Near?" and was launched in Q2 2011.As of the last 12 months ended September 30, 2011, the company has recorded $16.5 million in sales.Quarterly revenues hit $5.1 million (+198% YoY) in September, which puts the company on pace for approximately $20.0 million in sales for 2011.In the past decade, the internet has become a socially acceptable medium for dating and finding lasting relationships. |
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| − | , | + | ,We acknowledge that REITs should trade at above average multiples (below average spreads) when the supply and demand dynamics are favorable, but the spreads we observed were more than 2 standard deviations from the historical average, an extremely rare event statistically.The economy and commercial real estate had moved the recovery stage, as same store net operating income (or NOI) and GDP growth were decelerating going into 2007.Therefore, the cycle was much closer to the 9th inning than the 1st inning.The smart REIT management teams saw the writing on the wall, employing a strategy to either sell properties or sell the entire company to private buyers, not an easy decision when peers are raising equity and expanding balance sheets along with their compensation. |
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| − | , | + | ,The $100 million in annual spending will be geared to "significantly reduce combined-sewer overflows through green infrastructure." By creating new parks and by using new "green technologies on top of Philadelphia's gray infrastructure to capture rainwater before it enters the city's 3,000-mile sewer network," Philadelphia is clearly trying to re-cast itself as a "green city." To see such quick movement and simultaneous multi-billion dollar commitments on both coasts speaks of a sector crossing into a major inflection point.Like most secular trends entering inflection points, this one has taken a few decades to develop. |
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