Rubens Morse's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/107962/comments http://seekingalpha.com/article/150775/comments?source=feed#comment-599305 599305 Thu, 23 Jul 2009 09:56:23 -0400 http://seekingalpha.com/article/149834/comments?source=feed#comment-596686 596686
This is a long shot gamble, not an investment.]]> Tue, 21 Jul 2009 12:38:24 -0400
This is a long shot gamble, not an investment.]]> http://seekingalpha.com/article/132538/comments?source=feed#comment-513107 513107
Steinway's brand will survive for sure but I'm not sure the company will in its current form. The most valuable unencumbered real estate is the store and office building on 57th Street. The Queens factory site could only be sold in a total liquidation scenario, if the factory continues to run they won't sell it. There is a worrying trend of Steinway financing more and more of it's dealers inventory, since several banks and GE are cutting lines in this segment. They will probably have bad debt problems from the dealer financing in the near future.

Zale is just an overleveraged retailer, it could go under and no one would miss it, like Circuit City and Linens N Things. I also think Playboy is becoming less and less relevant in today's digital world. The latest proof of that is the magazine will probably go from monthly to bi-monthly. Raising the price of the magazine to $5.99 is a pretty desperate move and should backfire. The reason they are going down (I think the stock will eventually go to $0) is that today you can find better and cheaper adult entertainment online, and their brand is just not relevant for the new generation. Their old time readers are getting older and dying, the young guys don't care about Playboy.]]> Thu, 21 May 2009 13:02:37 -0400
Steinway's brand will survive for sure but I'm not sure the company will in its current form. The most valuable unencumbered real estate is the store and office building on 57th Street. The Queens factory site could only be sold in a total liquidation scenario, if the factory continues to run they won't sell it. There is a worrying trend of Steinway financing more and more of it's dealers inventory, since several banks and GE are cutting lines in this segment. They will probably have bad debt problems from the dealer financing in the near future.

Zale is just an overleveraged retailer, it could go under and no one would miss it, like Circuit City and Linens N Things. I also think Playboy is becoming less and less relevant in today's digital world. The latest proof of that is the magazine will probably go from monthly to bi-monthly. Raising the price of the magazine to $5.99 is a pretty desperate move and should backfire. The reason they are going down (I think the stock will eventually go to $0) is that today you can find better and cheaper adult entertainment online, and their brand is just not relevant for the new generation. Their old time readers are getting older and dying, the young guys don't care about Playboy.]]> http://seekingalpha.com/article/122491/comments?source=feed#comment-403404 403404
DPS is a misunderstood company, a combination of syrup company (like PEP and KO) with a bottler (like CCE and PBG). It should trade at an EV/EBITDA multiple somewhere in between, but is valued right now very close to the bottlers.]]> Wed, 25 Feb 2009 14:28:26 -0500
DPS is a misunderstood company, a combination of syrup company (like PEP and KO) with a bottler (like CCE and PBG). It should trade at an EV/EBITDA multiple somewhere in between, but is valued right now very close to the bottlers.]]> http://seekingalpha.com/article/102682/comments?source=feed#comment-293974 293974 Wed, 29 Oct 2008 23:28:40 -0400 http://seekingalpha.com/article/90622/comments?source=feed#comment-229437 229437 I think Starbucks has a very promising turnaround story based on cost cutting and closing unprofitable stores. You will see a shrinking top line but a growing bottom line over the coming quarters.]]> Wed, 13 Aug 2008 11:21:03 -0400 I think Starbucks has a very promising turnaround story based on cost cutting and closing unprofitable stores. You will see a shrinking top line but a growing bottom line over the coming quarters.]]> http://seekingalpha.com/article/45631/comments?source=feed#comment-205584 205584 Mon, 14 Jul 2008 20:39:20 -0400 http://seekingalpha.com/article/78673/comments?source=feed#comment-173263 173263 Sat, 24 May 2008 15:46:34 -0400 http://seekingalpha.com/article/68959/comments?source=feed#comment-131193 131193 Tue, 25 Mar 2008 11:18:55 -0400 http://seekingalpha.com/article/68276/comments?source=feed#comment-126446 126446 Fri, 14 Mar 2008 10:11:18 -0400 http://seekingalpha.com/article/60315/comments?source=feed#comment-111222 111222 Thu, 17 Jan 2008 19:34:21 -0500 http://seekingalpha.com/article/47540/comments?source=feed#comment-96479 96479 Thu, 20 Sep 2007 14:43:48 -0400