June 25, 2011

CMFNY and Corporate Alliances

The Children’s Medical Fund, where Corey Ribotsky is the president, has a rich history of corporate partnerships.  These partnerships go all the way back to 1974, when the H.J. Heinz Company sponsored a baby-food label-collecting campaign with the CMFNY.

Corporate Alliance member companies help the Children’s Medical Fund to keep doing its important work, while getting recognition for their own companies. CMF helps companies to build their community presence to meet other businesspeople and to make valuable contacts.

In addition, with a Corporate Alliance sponsorship, businesses get tickets to the Annual Corporate Alliance breakfast, a special rate ticket to the Annual Golf and Tennis Charity Classic Dinner and a company name and logo presence on the InTouch newsletter.

Jun 25, 2011 2:27:00 AM | Children's Medical Fund, CMFNY, Corey Ribotsky, Philanthropy

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Financial News and Coca-Cola In a recent article on Businessweek.com, Duane Stanford wrote about Coca-Cola and their stock. Certainy, this is the type of investment piece that fund managers like Corey Ribotsky and many others will find of interest. In the piece, entitled "Can Coca-Cola Surpass Its Record High of $88 a Share?" the author discusses the high point that Coke reached, and the fall-out since they have declined from that height. In attempting to answer his own question, Stanford says, "So when will Coca-Cola get back to $88, a 31 percent climb from $67, its May 31 closing price? In the short term, Coca-Cola faces volatile commodity costs that could force it to raise prices at a time when consumers may balk, says Lauren Torres, an analyst for HSBC Securities. She estimates Coca-Cola will trade at $71 a year from now. Lane says a new high will come in two to three years. He expects Coca-Cola's profit to rise 10 percent to 12 percent annually during that time—respectable, but below the rates the company enjoyed in the mid-1990s. Assuming Coca-Cola's p-e ratio stays at 19, the earnings gains would imply a stock price of $90 in 2013. "It's still a relatively inexpensive stock," Lane says. "It has broad positions globally, it's broadened its...
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Latest Hedge Fund News For those in the hedge fund world like Corey Ribotsky it's certainly important to know the lastest finance news. In the most recent news, Morgan Stanley's top executive in Brazil will be leaving his position soon to launch a headge fund. He'll be receiveing help from Farallon Capital Management for his fund. And his current position will be taken up by Daniel Goldberg to become president of Morgan Stanley Brazil. Learn more and follow the new hedge fund as it develops.

Corey Ribotsky

Corey Ribotsky is the Head Portfolio Manager at the NIR Group, LLC., where he serves as Managing Member and CEO.

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