Stocks Archive
Goldman Is Okay
September 16, 2008 · Category: Stocks, Market Commentary
In light of recent events at Bear Stearns, Lehman Brothers and Merrill Lynch, there was a lot of fear heading into Goldman Sach's (GS) 3rd quarter earnings report this morning (GS FY 3Q Earnings Release).
But, ...
Posted by Greg Feirman · No Comments »
Earnings Reports From Four Retailers Show US Consumer Spending Is In Recession
August 28, 2008 · Category: Macro Economics, Stocks
Four earnings reports out today from prominent retailers show that US consumer spending is clearly in recession:
Men's Warehouse (MW) - "You're gonna like the way you look. I guarantee it!" - reported a 7.8% decrease ...
Posted by Greg Feirman · No Comments »
Darden Restaurants, Owner of The Olive Tree, Lowers Full Year Forecast
This morning Darden Restaurants (DRI), owner of The Olive Tree and Red Lobster, lowered their full year forecast (Press Release).
They lowered same store sales expectations for fiscal year 2009 from 2% growth to 0%-1% growth, ...
Posted by Greg Feirman · No Comments »
Fannie, Freddie And Lehman In The Eye Of The Storm
This week's trading has been dominated by concerns that Fannie Mae and Freddie Mac will essentially be nationalized by the US Govt and their common stockholders wiped out. The catalyst was a story in Barron's over ...
Posted by Greg Feirman · No Comments »
Deterioration In Credit Card Portfolio Hits Target’s Bottom Line
August 19, 2008 · Category: Macro Economics, Stocks
Target (TGT) reported 2nd quarter earnings before the open this morning and what really caught my attention was the detioration in their credit card portfolio (TGT Earnings Release).
Target, a $40 billion market cap company, has ...
Posted by Greg Feirman · No Comments »
It’s Hard Out There For Consumer Discretionary Companies
August 6, 2008 · Category: Macro Economics, Stocks
This morning before the open, used car seller CarMax (KMX) reported a dramatic falloff in sales in June and July. Comparable used unit sales fell by an average of 17% in June and July compared ...
Posted by Greg Feirman · No Comments »
Revisiting My Freeport McMoran (FCX) Call
August 4, 2008 · Category: Stocks
The stock has run, but nothing unusual. It barely made a 52 week high with copper prices at all time highs and the company is executing. The stock is undervalued.
- slim1216, comment on SeekingAlpha, April ...
Posted by Greg Feirman · No Comments »
“Please Make A U-Turn. Thank You. Recalculating Route.”
July 30, 2008 · Category: Stocks, Fundamental Analysis
GPS maker Garmin (GRMN) is getting torched again today after reporting disappointing 2nd quarter earnings before the open (GRMN 2nd Quarter Earnings Release). They reported earnings of 94 cents a share, excluding a 25 cent ...
Posted by Greg Feirman · No Comments »
Merrill Sells $31 Billion In Mortgage Securities For 22 Cents On The Dollar, To Issue $8.5 Billion In Stock
July 29, 2008 · Category: Stocks, Market Commentary
The big story today is Merrill Lynch's (MER) announcement that it will sell $30.6 billion in face value mortgage backed securities to Lone Star Funds for a purchase price of $6.7 billion -22 cents on ...
Posted by Greg Feirman · 1 Comment »
Monday Reading: The Big Picture
July 28, 2008 · Category: Macro Economics, Business and Investment Philosophy, Stocks, Market Commentary, Geopolitics
I've come across some really good pieces the last couple of days that I want to share:
"Generalists can have some advantages, including being able to 'focus on the true, single hinge issue' of a company', ...
Posted by Greg Feirman · No Comments »
