9.4% Same Store Sales Drop At Chili’s
Chili’s parent Brinker International (EAT) this morning reported a 9.4% same store sales drop at Chili’s for the quarter ended June 24, 2009. What a great recovery!
Chili’s parent Brinker International (EAT) this morning reported a 9.4% same store sales drop at Chili’s for the quarter ended June 24, 2009. What a great recovery!
The most important event of the week was the Fed Decision on Wednesday afternoon. While the Fed did not make any policy changes (the Fed Funds Rate continues at 0% as well as $120 Billion/month in asset purchases) they did start to talk about inflation raising the possibility of tapering asset purchases and raising interest rates down the road. That was enough to create a dramatic reaction in financial markets.
Obviously the highlight of the week is Nvidia (NVDA) earnings Wednesday afternoon. As I wrote in my last blog, NVDA is guiding the Jan quarter to $20 billion in revenue and 75% gross margins. NVDA only provides quarterly guidance and…
As a value investor, one of the types of stocks you must learn to identify are value traps. These are stocks that look cheap but whose businesses are stuck and therefore the stock price is too. I personally like Best…
We never believed the investment of taxpayer funds was intended to be permanent. We view it as our duty to return the funds. – Goldman CFO David Viniar on a conference call this morning Paying back TARP (Troubled Asset Relief…
Deutsche Bank came out this morning with a pretty bold call, that is almost certainly right, slapping a sell rating on General Motors (GM) and a $0 price target. They forecast that GM might not have enough cash to operate…
Used car retailer Carmax (KMX) reported earnings Tuesday morning and it got double whammied by inflation. Used car sales units declined 15% compared to the previous quarter and 28% from the peak 2Q21. This is likely a function of higher…