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Hale Stewart

 
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  • Don't Expect A Rate Reduction From The Reserve Bank Of Australia [View article]
    Lares and Tom

    You are correct; my analysis was flawed. Chalk it up to writing when I was in fact too distracted to write something.
    Aug 10, 2014. 08:48 AM | 1 Like Like |Link to Comment
  • Bon-Ton Stores Are Shortable Below The $9-10 Price Range [View article]
    @ Rohitt: blind luck on my part.
    Jul 24, 2014. 12:14 PM | Likes Like |Link to Comment
  • Bon-Ton Stores Are Shortable Below The $9-10 Price Range [View article]
    @hneumann: practically all stores have an online presence. All have had severe problems integrating online into their store operations. Plus, consider the advantage Amazon has in that area. When you go to shop anything online, where do you go?

    Respectfully, we simply disagree on this point.
    Jul 24, 2014. 11:33 AM | Likes Like |Link to Comment
  • Bon-Ton Stores Are Shortable Below The $9-10 Price Range [View article]
    @ hneumann: Please note the overall macro-environment in which the store is operating. The US consumer is simply not buying as much as before. This has been the case since the end of the recession. It's just not a sector conducive to barn burning news right now. In that environment, there is only so much you can do; it's a bit like bailing out a boat with a teaspoon.

    @ Volte: you raise good points. However, central to my thesis is this is an extremely competitive sector operating in a very weak macro environment. Overall shopping is down as shown in the PCE numbers, income growth is weak (as is GDP growth) brick and mortar retail is falling out of favor (especially with millennials who going more and more online) and competition is intense. Also note the stock has tried to rally twice in the last 18 months, only to fall back to the 9-10 area.

    Jul 24, 2014. 11:10 AM | Likes Like |Link to Comment
  • Is Target's Yield At 3.6% Worth The Risk? [View article]
    @David

    WMT has a huge publicity problem that they are not handling well.

    TGT has two big risks:

    1.) They've got about 80 cases outstanding regarding the data breach. They do have a good insurance policy, but, there is the potential for a big payout.

    2.) A slow atrophy like that of Sears caused by the management culture's problems.
    Jun 25, 2014. 03:36 PM | Likes Like |Link to Comment
  • 5 Fundamental Problems With the Jobs Market [View article]
    Haotian

    See this chart:

    bonddad.blogspot.com/2...
    Jul 15, 2011. 09:13 AM | Likes Like |Link to Comment
  • Oil Market Update: Tight Trading in Near Term [View article]
    As a follow-up to the article, I was obviously wrong about oil not dropping. As I like to say, the markets will make an idiot out of you whenever possible.
    May 6, 2011. 07:38 AM | Likes Like |Link to Comment
  • A hat-trick for March personal income and spending figures, albeit a mild one, with income and spending both on the rise, and inflation in check. Q1 employment costs were also slightly higher than forecast, which should mean a few more dollars in workers' pockets. S&P futures +0.2%.  [View news story]
    It doesn't get any better than hockey and economics
    Apr 29, 2011. 08:56 AM | Likes Like |Link to Comment
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