As I write this on Friday, we may be finding the bottom. We went down big yesterday with big volume. If we can follow through today, plummeting on huge, panic driven volume, we might find a bottom. Maybe even bounce before the close. Complete panic, with everybody giving up in total despair, is the key to a finding a bottom many people seem to think. Read more thoughts here.
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October 10 2008 |
477 views | 9 comments
Back on September 23, I posted an article that highlighted, among other things, Zumiez’s valuation and management of its issue with auction rate securities. I said that I thought other companies would be having similar issues if they weren’t already. Guess what? They are, and I didn’t want to leave Zumiez hanging out there like they were the only one. Read more here.
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October 08 2008 |
436 views
As I walked around ASR, I came to the unhappy conclusion that of all the people at the show- retailers and exhibitors- very few of them were old enough to have actually been through a real, honest to god, actual recession as business people. I came to the even unhappier conclusion that I was one who was old enough and, indeed, had. Read more here.
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October 03 2008 |
813 views | 12 comments
I wrote this and posted it on my blog back in August or early September. I just read it again and decided I still liked it. Since Transworld Business has graciously given me space to write pretty much anything I want (so far) I thought I’d throw it out there and see what the response was.
Read more here.
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October 01 2008 |
940 views | 26 comments
A couple of days go, Nike put out a press release for their first quarter ended August 31. It’s not the whole quarterly report, so I can’t delve into any footnotes. They sold, uh, a whole bunch of stuff and made a lot of money. I’ll deal with the details when the 10Q is filed. Here’s the link to the press release if you want to review the summary financial statements. You don’t need me to spew the numbers back at you. But as I read the press release, I was struck by the fact that a few years ago, I wouldn’t have bothered.
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September 26 2008 |
603 views | 8 comments
Once upon a time, way back in 2003, an investment bank could only have leverage of up to twelve to one. In 2004, the Security and Exchange Commission gave five investment banks, and only five, the ability to leverage up to 30 or 40 times or so. Guess which five they were? I almost don’t want to bother listing them, because the list is so obvious. But for the benefit of all the readers who have just awakened from a coma they’ve been in for most of the year, they are Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley and Goldman Sachs. Read more here…
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September 24 2008 |
593 views | 9 comments
Jeff Harbaugh discusses Zumiez’s latest quarterly report and provides some insight into credit markets conditions. Click here for the full analysis in this week’s Market Watch.
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September 23 2008 |
523 views
Rarely, but once in a while, I come across something I want to plug. This time it’s some inexpensive, easy-to-use, financial planning software that the Retail Owners’ Institute has developed. So instead of ranting and raving about some possible industry trend, or saying something depressing about how the skate industry might be evolving, I thought I’d say glowing things about this software in the hope that some of you might check it out.
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September 01 2004 |
79 views
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