William Shatner Wants $30 Billion for Water; Harley-Davidson’s Wall Street Hits and Misses; Under Armour Needs to Bulk Up Projections

Rain rain don’t go away…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Leave it to Star Trek legend William Shatner to take California’s drought emergency straight to Kickstarter. The 84 year old actor and Priceline shiller wants people to beam him up some cash – $30 billion’s worth, to be exact – so that a  four foot above ground pipeline can be built from Seattle to Nevada’s Lake Mead. The fact that Seattle doesn’t have a surplus of water to really be giving out to California, which is in its fourth year of drought, doesn’t seem to bother Shatner much. I’m guessing he didn’t ask officials in Seattle their thoughts on the idea. California Governor Jerry Brown has already issued a drought emergency and apparently there is about a year’s supply of water left. Mr. Shatner isn’t entirely convinced himself that he can even raise the $30 billion needed to build the pipeline but he is hoping to raise awareness on the issue. “If I don’t make 30 billion, I’ll give the money to a politician who says, ‘I’ll build it.’ I don’t think that last part is the best idea Mr. Shatner has ever had, but its sure to get a few people talking.

Not so hog wild…

Image courtesy of dan/FreeDigitalPhotos.net

Image courtesy of dan/FreeDigitalPhotos.net

Profits for iconic Hog maker, Harley Davidson, are up thanks to a somewhat reduced tax rate. So why the sad faces on Wall Street over the price of its shares? Because those very shares took a 6% hit today over revenue that fell 3.4% to $1.51 billion, down from $1.57 billion a year ago. The bike makers also revised forecasts that have less bikers getting on those legendary two-wheeled machines. Harley-Davidson initially expected to deliver between 282,000 – 287,000 Hogs this year. But now that range is looking closer to 276,000 – 281,000 orders. Some of that, of course, can be attributed to that annoyingly strong U.S. dollar that seems to be sucking the fun from just about every company’s earnings these days. But Harley-Davidson has also had to deal with competitors  – hard to believe that anyone can compete with a Harley – who have been offering better discounts and totally messing with the motorcycle company’s earnings. The good news is that the motorcycle brand still took in $270 million and $1.27 per share, even though analysts only expected $1.24 per share. Can someone please get those analysts on a Harley? A year ago the Hogs pulled in about $265 million at $1.21 per share.

Dude, what gives?

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Under Armour came out with earnings today and informed those that matter that it hit its revenue targets and raised its outlook. The Maryland-based athletic company even has PGA Masters Winner Jordan Spieth shilling for it. Under Armour also pulled in 5 cents per share on revenues of $805 million when analysts only called for $802.5 million. The apparel division grew 21% while the footwear division grew 41%. So why are investors still not satisfied with the athletic apparel company’s earnings? Here’s where things get dicey. Even though Under Armour raised its outlook for revenues from $3.76 billion to $3.78 billion, investors, analysts and others who throw large sums of money at the company expected higher projections of $3.82 billion in revenues. That $.o4 billion difference put a damper on the morning for many investors. Hence the stock took a bit of a hit this morning. Nothing major, just a few percentage points, but enough to put several Wall Street-ers in a bit of a snit.

Jessica Alba, “A” List Mogul; Hooray for Hollywood and CA Lawmakers; Get Your Motors Running;

Yeah really, Jessica Alba = Financial News…

Image courtesy of Salvatore Vuono/FreeDigitalPhotos.net

Image courtesy of Salvatore Vuono/FreeDigitalPhotos.net

Is there anything she can’t do!!!!! Now Jessica Alba is even considered a bona fide mogul all thanks to Santa Monica-based The Honest Company which she co-founded in 2011 together with Christopher Gavigan, Sean Kane and Brian Lee. The company makes all sorts of useful, organic-y, non-toxic household products like cleaners and diapers. Now The Honest Company is gearing up for some major IPO action. Good thing it’s been valued at close to a billion dollars. For 2014, the company is expected to pull in $150 million in revenue. While 80% of the business comes from monthly subscribers, The Honest Company’s products can also be conveniently purchased at Target, Costco and Whole Foods, to name a few. And if Jessica Alba’s “A” list status isn’t enough to sell you on the products then how about the company’s social mission: It regularly donates diapers and cribs to those in need.

Speaking of Hollywood…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Well at least there wont be any major tax inversions coming out of the film industry. For the next five years anyways. After years of losing million upon millions of dollars to other states and countries, California will once again be fiscally alluring to filmmakers. That’s because California Governor Jerry Brown and other California lawmakers finally reached an agreement that would triple the tax credits for moviemakers –  a commitment valued at $330 million a year. Producers can now get up to a 30% refund on production costs. At least 40 states and 30 countries have offered better tax incentives than Hollywood’s own home state – up til now. Go figure. The credits can be used for up to the first $100 million of a film’s budget. After that, you’re on your own. Now if they can just figure out what to do about that pesky drought…

Filler’ Up…

Image courtesy of Paul/FreeDigitalPhotos.net

Image courtesy of Paul/FreeDigitalPhotos.net

Go fill up your cars and start guzzling. This Labor Day is going to be a most affordable one, at least as far as gassing up your car is concerned. Gas prices haven’t been this good since 2010. Thanks to a relatively low-key hurrican season (so far, anyway), and the fact that world conflicts haven’t much affected the US fuel demand, website and app GasBuddy reported that the national average price of gas hit $3.42 today. Last year at this time the price was $0.11 higher. Last month it was $0.09 higher. Cha-ching, baby! And GasBuddy ought to know a little about that since this ridiculously helpful app allows users to compare gas prices in their area. But expect some traffic because according to AAA, 300 million American will be road-trippin’ this weekend, with another 14 million racking up some frequent flier miles.