Summary Margins and Comparable Sales, Total Sales have been in decline and getting worse. Company specific issues as BBBY is doing much better. Company bought back shares while performance decline was accelerating. CEO leaving and management fighting activist through poison pill. Stock could tank if guidance misses. … [Read more...]
Archives for October 2016
Newsletter – September 2016
Everyone is jumping on the ETF bandwagon as $63.6 billion flowed into the product YTD versus $144 billion outflow from equity mutual funds. Fidelity launched six new ETFs with “smart beta” and large cap filling the headlines. For smart beta fans I recommend a smart piece from James Montier (click here) who makes the case that: Smart Beta = Dumb Beta + Smart Marketing. Now … [Read more...]