McDonald’s (MCD) this morning reported another excellent quarter. Global same store sales increased 3.8% compared to the year ago period including gains of 2.5% in the US, 5.8% in Europe and 2.2% in Asia, the Middle East and Africa. That’s…
Brinker International (EAT), the owner of Chili’s, reported yesterday morning that same store sales dropped 6% at its 1296 Chili’s restaurants. Disclosure: Top Gun has no position in Brinker International (EAT) shares.
I really respect David Einhorn because he has evolved from a pure value investor into recognizing the importance of macro. Anybody who doesn’t recognize that at this point is going to pretty useless going forward. Buy great companies with high…
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IT’S TIME FOR THE FEDERAL RESERVE TO STOP talking about an “exit strategy” and to start implementing one. There’s no need for short-term rates to remain near zero now that the economy is recovering. The call to action is clear:…
Fissures are developing among policy makers at the Federal Reserve as they debate how and when to start raising the benchmark interest rate from its current level just above zero. – “Fed Is Split Over Timing of Rate Rise”, Edmund…
Let me simply state at the outset that based on current projections, absent any catastrophic home price decline, F.H.A. will not need to ask Congress and the American taxpayer for extraordinary assistance – we will not need a bailout. –…
Marriott Internatioal (MAR) this morning reported results for their 3rd quarter ended August 31, 2009. With 3,292 hotels and more than 570,000 rooms worldwide, Marriott is an excellent barometer of travel & leisure spending. The key metric in the hotel…
The securitization markets are dead. – Robert Shiller, Economist, Yale University Click here for larger graphic Fascinating and important article on the front page of today’s New York Times Business section showing that the securitization markets are completely dependent on…