HollywoodDan has been quiet for the last 6-8 months, working on a new project for a heavy metal band. I look at his picks quite often mostly checking for new blogs (none) and to see if he has come to his senses concerning his green thumb on Blockbuster A&B. He of course is stubbornly staying the course. Not sure of the reason for his hiatus, but his contributions are sorely missed. The website did change to follow his lead of collecting some of the better blogs from other members, but his short clips/pitches with his partner in crime the Duke of Wall Street added a lot to the site. [more]
Not picking on Jaques Penny, I understand that I am on the wrong side of this market, but why would you buy stock in a retailer who reports a 36% decline in profit, and same store sales declining 4.3%? They are making less money, on lower volume and their stock rises 4.9%? [more]
Yes the price of oil is falling, but the number of flights are being reduced but their fixed costs and overhead remain the same. Nickel and diming passengers is not going to make it up. Market is saturated and needs to adjust for the shift in demand for their services.
No real surprises here, but this is occuring despite the governments stimulus program. This slowdown is occuring at relatively low levels of unemployment. In addition a higher percentage of consumer's income is going to pay for energy costs-stimulus is going into the gas tank. This does not bode well for consumer discretionary spending. It is going to be a tough Christmas for retailers. The recent rally is not supported by fundamentals. Tip of long on SCC (Double Retail Short) provided by Anchak. [more]