filed in food and beverage, peridot services, retail on Apr.24, 2009
The following is a research update to Peridot Capital’s Select List model portfolio. Readers may sign up for a 30-day free trial to the Select List which has outperformed the S&P 500 by more than 8% year to date. Taking Profits in Cheesecake Factory April 22, 2009 After a 49 percent increase in the Select’s [...]
filed in retail on Mar.26, 2009
Back in November I wrote that Best Buy would be a prime beneficiary of Circuit City’s bankruptcy and given that they were already one of the best run retailers in the country, the stock was cheap at a single digit P/E (around $25 per share). Today Best Buy reported blowout fourth quarter earnings and predicted [...]
filed in financial services, retail on Mar.24, 2009
Meredith Whitney, long time bear on the banking sector, is pointing to the possibility that reductions in credit card lines could result in a sharp drop in consumer spending over the next year or two. In a recent television interview she predicted that outstanding credit card lines in the United States would drop from $5 trillion to $2.3 [...]
filed in food and beverage, internet services, retail on Jan.30, 2009
In November of 2004 I wrote a piece entitled “Sleepless in Seattle” which postulated that shares of Starbucks (SBUX) were trading at such a high valuation (forward P/E of 48) that even if the company grew handsomely over the following few years, the stock’s performance was likely to be unimpressive. I projected an aggressive three-year [...]
filed in retail on Jan.02, 2009
Last weekend’s issue of Barron’s highlighted a money manager’s bullish stance on shares of luxury retailer Saks (SKS). The stock is up more than 10% since then, and now fetches $4.50 per share. The manager in question believes Saks has normalized earnings potential of 50 to 60 cents per share, which he thinks will translate [...]
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