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The Story Of Duane Reade
Reading Time: 4 minutesAndrew 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:…
A Soft Landing Is Fully Priced In
Reading Time: 7 minutesThe S&P broke out to new all time highs Thursday in the wake of the Fed’s 50 basis point cut to the Federal Funds Rate on Wednesday. While it is consolidating a bit today (Friday), as long as it stays…
Was It Really So Bad At Blockbuster This Quarter? – A Look Behind the Headlines
Reading Time: 4 minutesFor the 1st quarter Blockbuster reported a net loss of $49.2 million compared to $4.7 million in last year’s 1st quarter. Gross margins decreased 480 basis points to 51.7% from 56.5% in last year’s first quarter. So, predictably, the stock…
The Limits of Pure Fundamental Analysis – How Morningstar Gets Things Wrong
Reading Time: 4 minutesI find Morningstar’s stock and mutual fund analysis useful, which is why I am a premium subscriber, but I am constantly frustrated with their lack of an ability to integrate a macro economic perspective into their analyses. They seem to…
Great Quarter From Goldman; Stock Flat
Reading Time: 2 minutesGoldman (GS) lived up to the hype this morning and reported a great quarter. Net income was $2.7 billion ($4.93 a share) including a one time $426 million dividend on TARP Preferred shares owned by the US Treasury which Goldman…
Sniffing Out A 1Q Earnings Slowdown
Reading Time: 2 minutesThe stock market has been quite resilient this year but my premise is that the Fed’s rate hiking is still working its way through the economy. If correct, this will show up in earnings at some point. I already thought…
