(Source: “Citigroup, B of A Results Shine Light On Failings” (subscription required), The Wall Street Journal, C1, July 18)
Three or four years ago I remember having many conversations with my Mom about how tough it was to invest for income. The only place you could get any yield was the bond market but yields were still weak and…
Andrew Ross Sorkin has a wonderful piece on the story of Duane Read, the Manhattan based drug store chain with 257 stores in the New York Area that was acquired by Walgreen’s (WGN) last Wednesday, in today’s New York Times:…
Talk about the probability of a recession has increased of late as stocks have gotten hit. Mark Zandi puts it at 35%. Jeff Gundlach thinks it’s higher than 50%. One thing I was taught is an important indicator of a…
“We are taking a more cautious view on the consumer finance stocks as the serial negative economic news suggests that the risk of a consumer recession is all but certain, in our view.” – Merrill Lynch analysts, in a report…
Best Buy (BBY) yesterday morning reported an excellent fiscal year 4th quarter ended February 27, 2010. US same store sales increased 7.4% and overall revenue was up 12% year over year. Net income was up 14%. It was a record…
Last Tuesday, The Wall Street Journal ran a “Heard On The Street” column on the front page of its “Money & Investing” section making the argument that there was a good chance Under Armour (UA) would fall short of analysts…