Why Investors Fall Into The Same Trap Over And Over Again
The economy is growing, the markets are up, stocks are flirting with record highs… The good times are back for investors it seems, but are they really? Investors have the wind at their back once again. Everything seems to be moving in the right direction and the global economy is doing great, with strong growth […]
When Europe Gets Greece’s Jingle Mail: Dealing With Default
The costs and consequences of Greece exiting the Eurozone may well dwarf the financial losses triggered by Greece’s default. The term Jingle mail originated in the great popping of the housing bubble 2008-2011. It refers to defaulting homeowners mailing the keys to their house back to the lender, and it denotes the finality of default: it’s over. The […]
Dismal April Retail Sales Sinks Dollar
The U.S. Dollar continues to be under significant pressure as investors appear to have decided that the recent weakness in the U.S. economy may not be as “transient” as the Federal Reserve Bank would have hoped. Yesterday’s release of April retail sales figures was unexpectedly dismal, and for an economy like the U.S. which is […]
Draghi Warns ECB Economic Policies May Lead To Financial Instability And Worsen Income Inequality; Stupidity Index At New High
Here’s a new one. ECB president Mario Draghi cautions that ECB policies may “lead to financial instability and worsen income inequality.” Place that warning in the “duh” category. For duh details, please consider Draghi Warns Central Banks Against ‘Blind’ Risk-Taking. Mario Draghi has warned central banks to beware of the risk that aggressive monetary easing, including […]
The Conn’s Paradox, Or The Synergy Of Awful
I wrote the following article for Institutional Investor magazine. Well, kind of. First I wrote to our clients as part of our first-quarter letter, explaining why we bought Conn’s during the quarter. I feel a little bit uneasy sharing this article, because Conn’s has a tremendous run-up since. Despite the run-up, we were buying it for new […]
Is Urban Outfitters About To Turn The Corner On Its PR Nightmare?
(Photo Credit: Mike Mozart) Six months ago Urban Outfitters (URBN) missed the Estimize earnings consensus for the third quarter in a row. The retailer was marred by controversy after showing several highly distasteful products including a Kent State sweatshirt which appeared to be covered with a blood splatter. Heading into last quarter’s earnings report contributors on […]
Avon Products, Inc. (AVP) Hoax Buyout Sends Shares Soaring; Your Move SEC
Avon Products, Inc. (NYSE:AVP) Products skyrocketed as much as 20% to $8.00 per share in Thursday’s market trading. The spike was caused by regulatory filing from a certain PTG Capital Partners indicating its intention to buy the company for $18.75 per share. The trading of the shares of Avon Products was temporarily halted. The stock closed $7.07 per […]
Bad Things In The Midwest
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 191 = 18,252 SPX + 22 = 2121.10 NAS + 69 = 5050 10 YR YLD – .04 = 2.24% OIL – .77 = 59.73 GOLD + 6.30 = 1222.40 SILV + .35 = 17.55 The Standard & Poor’s 500 Index closed at […]
Delta Air Lines Beefs Up Dividend, Announces New Buyback
Delta Air Lines, Inc. (DAL – Analyst Report) declared that its board of directors has approved a new share repurchase program worth $5 billion. Simultaneously, the airline behemoth increased its quarterly dividend by 50%. Shares of the company climbed 1.48% to $46.78 per share following the twin investor-friendly moves on the company’s part. Delta expects to return in […]
