Disney (DIS) reported earnings after the close but the numbers were distorted by an extra week in the current quarter. Therefore, they beat on revenue and earnings but I’m not sure analysts were accounting for the extra week. Revenues and…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
Some analysts have been puzzling over the high price Buffett agreed to pay for Burlington Northern Santa Fe (BNI). He paid $100 a share for a company that has earned $5.38 over the last 12 months for a trailing multiple of…
$140 billion networking goliath Cisco Systems (CSCO) reported 1st quarter fiscal year earnings after the close yesterday. Revenues were off 13% from the year ago period – though they were up 6% from the previous quarter. Net income was off…
Most important of all, however, it’s an all-in wager on the economic future of the United States. – Warren Buffett on his acquisition of Burlington Northern This morning, Berkshire Hathaway came to an agreement to acquire the remaining shares of…
Honeywell (HON), a big, diversified manufacturer, reported earnings this morning. They earned 80 cents a share, beating estimates for 72 cents, but revenues were off 17%, more than $1.5 billion to $7.7 billion. They cut Selling, General & Administrative expenses…
We think it speaks volumes about Amazon’s still-improving ability to attract customers, serve them better and sell them more, to gain share, and reinforces our view that Amazon can continue to gain share. – Ed Weller, Analyst, ThinkEquity Amazon (AMZN)…
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.
On a day when the S&P peaked its nose above 1100 for a few minutes in the morning, the market ended up having a severe late day selloff as respected financials analyst Dick Bove downgraded Wells Fargo (WFC) to sell…