Zale’s Same Store Sales Debacle
“On a percentage basis as you can see, that’s a huge hit for Zale’s coming in with same-store sales that fell more than 18%.” — Fox Business Network 12/7/2009 After the close of trading on Friday,...
Read MoreAuthor: Ned Douthat
Unemployment Rate Shrinks, Trust Us
U.S. equities cheered the Friday morning news that headline unemployment has ticked down for the first time in quite a while from 10.2% to 10% last month. An estimated 11,000 positions were cut by employers, which on the face of...
Read MoreThe Enterprising Investor’s Guide 12/7/2009
The price to peak earnings multiple rose to 12.4x on Friday, which is the highest level this valuation metric has touched since September of 2008. Positive macroeconomic data such as an unexpected, modest decline in the...
Read MoreTake-Two’s Bad Quarter Causes Investors to Double Take
It was not long ago that Take-Two Interactive Software (TTWO) seemed to be on top of the world with one of the most successful video game launches in history for the fourth edition of its Grand Theft Auto franchise. The...
Read MoreDel Monte Foods Nearing New Highs and Still Cheap
Del Monte Foods (DLM) is an under the radar stock for many investors, but the underlying value of a well run company is hard to deny. DLM reported fiscal second quarter results on Thursday morning that were much better...
Read MoreBest Buy: This Season’s Top Retail Stock?
“I think it’s Best Buy, BBY for all you home gamers. It reports December 15th and I think it will deliver, yes, indeed… We went to a local Best Buy, under cover, of course, and found that…They have 47...
Read MoreJobs Leaving at Cummins
On Wednesday, a spokesman for Cummins, Inc (CMI) announced that the company will be temporarily cutting about 400 jobs at a plant in western New York. Currently, the Jamestown Engine plant employs about 1300 workers with...
Read MoreWalgreen’s Still Healthy After Disappointing November Sales
The market sold-off shares of Walgreen Co. (WAG) following the release of November sales data to the tune of about 4% in afternoon trading. We do not regard the sales results as particularly bad, coming in at nearly $5.4...
Read MoreBanks Are Not Lending? So What
Much has been made about the fact that economy-wide bank lending is down considerably despite the fact that the stock market and other economic indicators have begun to improve. Even after the unprecedented cash made...
Read MoreBarrick Gold Races Out of Hedges
“Boosting gold this morning and commodity prices is Barrick eliminating hedges to fully take advantage of the rising gold prices.” — Squawk on the Street 12/1/2009 Gold is nearing yet another all time high...
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