Artfest International Inc., the Dallas based art community marketing and services company, today announced financial results for the third quarter ending 9/30/09, including a huge jump in operating revenue. The company generated $896,404 in operating revenue for the quarter, as compared to $4,000 for the same quarter in 2008, representing an increase of 22,310%.

The company also reported an important move into positive territory for net income, declaring a net income of $7,397 for the quarter, as compared to a net loss of $29,862 for the same quarter 2008.

In addition, Artfest International experienced a jump in total assets. The company reported total assets of $3,421,019 for the quarter, as compared to $537,445 for the same quarter 2008, an increase of 536%.

Operating revenue increase was credited to the upswing in sales of art and sports memorabilia through the company’s wholly owned subsidiary, Charity Sports Distributor (CSD), as well as from events

This article is part of a syndicated series about deflation from market analyst Robert Prechter, the world’s foremost expert on and proponent of the deflationary scenario. For more on deflation and how you can survive it, download Prechter’s FREE 60-page Deflation Survival eBook, part of Prechter’s NEW Deflation Survival Guide.

The following text was originally published in Robert Prechter’s February 2009 Elliott Wave Theorist

By Robert Prechter, CMT

During depressions, many businesses make a fatal mistake: They lay off employees. Some businesses have no choice; if the product or service is related more to quantity than quality, then perhaps there is no alternative. But many businesses are far better served by keeping their employees and reducing compensation. That way, they can continue to serve customers with full quality and stand ready to lead the competition when the …

Liberty Media [LMDIA: 17.34, +0.15 (+0.87%)] has been in the news a lot lately, due to CEO John Malone’s recent bailout of Sirius XM Radio [SIRI: 0.2473, +0.0123 (+5.23%)]. This article is not about that deal, however. This article is an attempt to explain the structure of Liberty Media, which is sure to confuse most amateur investors, as well as some professional ones. This is because Liberty uses “tracking stocks,” which have not been popular since the dot-com days of the 90’s.

According to investopedia.com, a tracking stock is a “common stock issued by a parent company that tracks the performance of a particular division without having claims on the assets of the division or the parent company.”

When a parent company issues a tracking stock, all revenue and expenses of the applicable division are separated from the parent company’s financial statements

This article is part of a syndicated series about deflation from market analyst Robert Prechter, the world’s foremost expert on and proponent of the deflationary scenario. For more on deflation and how you can survive it, download Prechter’s FREE 60-page Deflation Survival eBook, part of Prechter’s NEW Deflation Survival Guide.

The following text was originally published in Robert Prechter’s February 2009 Elliott Wave Theorist

By Robert Prechter, CMT

During depressions, many businesses make a fatal mistake: They lay off employees. Some businesses have no choice; if the product or service is related more to quantity than quality, then perhaps there is no alternative. But many businesses are far better served by keeping their employees and reducing compensation. That way, they can continue to serve customers with full quality and stand ready to lead the competition when the …