Blog
Kohl’s – A Lesson in Value
2009-11-12
Kohl’s reported earnings today, that beat so-called expectations. Wal-Mart reported yesterday, also better than expected numbers. Kohl’s third quarter earnings were up 21% versus the same period of 2008. However, 2008’s third quarter was a down quarter. Therefore, the increase is off of depressed numbers. Wal-Mart reported a 3.2% increase versus the third quarter of […]
Discount Retailers?
2009-11-11
It seems logical that discount stores do well in a recession. In fact they do well in most economic conditions. Today’s video looks at how leading discount retailers have faired in good times and bad. Best when viewed in full youtube screen. Disclosure: Author Does Not Manage Portfolios Long ROST Perception and reality do not always […]
Retail Sales Department Stores
2009-11-10
Soon it will be Christmas, and the important shopping season. Coming out of the recession all eyes will be on holiday sales this year. Today’s blog will look at the retail industry, starting with the department stores, both high-end and middle-tier. Tomorrow we will review discounters. The most important principle being presented here is the […]
Carmax – Cash for Clunkers
2009-11-09
The recent ‘cash for clunkers” government stimulus program was a shot in the arm for Carmax. Otherwise look how stock price follows earnings long term, even when short-term volatility is high. Today’s video looks at Carmax whose recent business prospects have risen along with its price. Best when viewed in full youtube screen. The real […]
The Business Matters Most
2009-11-06
Every day I see an endless litany of pundits telling me the rally is over or it’s got a ways to run. Two truths apply: One, no one knows for sure, they are just guessing. Two, it really doesn’t matter anyway. Our video clearly shows that the success of the individual business is what matters most. […]
The Earnings Rule
2009-11-05
Whether earnings go up, down or sideways, in the long-run prices will follow. Over a short period of time price movement based on emotion may deviate. However, inevitably price will move to earnings. Therefore, it’s much more important and, interestingly, easier to forecast earnings than it is price. However, most people take their cue from […]