October 27, 2004 – TheStreet.com: Street Insight Premium consumer brands no longer guarantee pricing power. Sara Lee (SLE) reported earnings at the higher end of estimates, producing 44 cents per share. However, these results include 15 cents received from the sale of its European cut-tobacco business. Sales grew 4% during the quarter, with net income [...]
October 26, 2004 – TheStreet.com: StreetInsight FHN is taking market share in the mortgage business from defunct small players. Management is not managing the business for the short-term; its building a strong, viable franchise for the long term. The company was able to maintain flat earnings year-over-year despite huge exposure to the refi market. I [...]
October 22, 2004 – TheStreet.com: Street Insight … and I don’t want to be around when payment is due. Paying $500 million for Howard Stern only works if Stern generates 40 years worth of revenue. And consumer tastes do change, even for vice. I thought I had seen the epitome of stupid management decisions during [...]
October 14th 2004 – TheStreet.com: Street Insight If an investor was looking for a catalyst to short GM, this is probably a good starting point. Timing is essential because GM pays a 4.8% dividend, though I believe downside in this stock is significant. Editor’s Note: Vitaliy Katsenelson described the perfect storm of rising interest rates, [...]
October 6, 2004 – TheStreet.com: Street Insight Rising interest rates, incentives, and declining profit margins are swirling around the automakers. The perfect storm is brewing on the horizon for the automotive industry and, unfortunately, the industry will be unable to dodge it. It will have dire consequences on this already over-leveraged, mismanaged and over-unionized industry. [...]