Today May Be Markets' Turning Point [View article]
Does anyone know when Goldman bought 40 million Citigroup shares? I don't remember seeing them listed as an institutional owner last week...but they are now.
Adjusting Ethan Allen Estimates for Q1 2010 Loss [View article]
Isn't it amazing that every quarter the CEO, Kathwari has to adjust his numbers to the downside. As someone who worked for EA, I can tell you, this is a terribly managed retailer that is stuck in their own thinking...and devoid of reality. They have way too many "design centers" across the country located within areas where the demographics do not support the pricepoint of EA products. The vast majority of locations have never made a profit within the last 6 years. Yes, that includes the "good times" before the recession. A large portion of their "sales" are actually the corporation selling product for floor display..This product isn't truly being sold to a customer, but the company itself. I predict many more store closing across the country. As for increasing hiring, I'm sure it's out of necessity due to the fact that the stores are running on a truly skeleton staff, no doubt eroding any customer service.
the most absurd assumption is that "companies like Ethan Allen" will be helped....the majority of purchases at such retail establishments were using home equity lines to buy such big ticket items....well that option isn't readily available anymore...that will actually HURT companies like Ethan Allen going forward. Not mention they opened way too many new stores during the last 5 years....there will be a major contraction in number of locations. It's already happening, they're just hiding it from shareholders and investors... Kathwari is very good at painting a "rosey" picture...
They have to go to custom US made casegoods, because the newly thrifty consumer woke up and realized they were paying "made in USA" pricing for "made in China product"!!!
Why Investors Should Short Ethan Allen [View article]
YOU DON'T KNOW HOW RIGHT YOU ARE!!!!! As someone who worked for EA for 5 years, I can tell you first hand this company is setting itself up for a big downfall. They opened large retail stores in "marginal" markets EVERYWHERE, with the attitude of "if we built it they will buy". Well guess what, the store I was working at wasn't close to being profitable during 2003 to 2008, so there is absolutely no chance of it being profitable now or even in the distant future. CEO Kathwari, has done a remarkable job of hiding the real picture from investors. As you stated, he created a policy of catering to the "high end" consumer. Unfortunately for Kathwari, his "high end" consumer wasn't TRULY high end..they were "wannabees" and those are exactly the customer base that has been decimated the last 2 years. The majority of purchasers were using credit and home equity loans...NEED I SAY MORE. I was wondering when an analyst would catch on to the real situation!!!! Glad to see someone out there is smart enough to read between the rosey pic painted by the CEO......SHORT THIS BABY AND SHORT IT BIG! ETHAN ALLEN is a HISTORICAL figure and I truly believe based on the knowledge I have, that ETHAN ALLEN the furnishings store will also be a HISTORICAL FIGURE.....IN THE HISTORY OF RETAIL.
Three Investment Trends That Benefit From Cap and Trade [View article]
What GS wants...GS GETS..... Goldman needs something "new" to manipulate....so the WH complies....shocking!!! NOT. Let's just give it up and buy GS stock...they own the world and it doesn't look like it's going to change anytime soon...even Buffet acknowledged it with 5 billion.....WAKE UP AMERICA!
On Jun 28 03:32 PM texasokie wrote:
> Rolling Stone Magazine this week has a very interesting article about > cap and trade and all the other messes that Goldman S has steered > the US into and greatly hurt our financial condiditon. The author > is Matt Taibbi and it is a must read.
Four Home Furnishing Stocks for a Housing Recovery [View article]
As someone who worked for Ethan Allen, I wouldn't touch their stock at ANY price....the companies agenda is seriously flawed, especially with the move away from "overpriced" furniture made in China, which is where a great deal of their product is now made. The CEO's assertion, that people will buy their products because of the socalled "design" service is ridiculous....
why should we be surprised??? it's obvious there will never be any SIGNIFCANT REFORM, as long as "Jr. Paulson" is at the helm....just a slightly "lighter" version of the same CORRUPTION
Average Joe Isn't Buying: Retail's Future Looks Bleak [View article]
For everyone out there focusing on the "numbers", you're focusing on the wrong thing...it's the fear that the "analysts" just don't get!! I worked in high end retail the last 5 years and I saw this coming a year and a half ago. I told everyone i knew "get your money out of the market". Those that listened to me are glad, those that didn't...oh well. As for retail stocks...trust me, there will be NO GOOD NEWS for a long time comin! I've been watching some retail stocks closely and unless they go beyond the lows of last November, I'm not touching them. And as for everyone that thinks the money is just being "redirected" to low end retailers like WM, well thats stupid too.... While most people may turn there for necessities, there is also a lot of needless CRAP that WM sell, that isn't necessity. Why do you think they "disappointed"?
The Stock Market Is Not a Democracy [View article]
Ignore the other comment, but you're both right and wrong. Are the rules fair? NO!, but you have the ability to make your own investing decisions. I for one mostly ignore what other investors are talking about and try to figure out what "interests" the big money..,.and yes that is Paulson and his buddies. As you pointed out..there is no way you can beat them, the trick is in figuring out how to "join them"... and yes..all roads lead to Goldman....for now.
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On Jun 28 03:32 PM texasokie wrote:
> Rolling Stone Magazine this week has a very interesting article about
> cap and trade and all the other messes that Goldman S has steered
> the US into and greatly hurt our financial condiditon. The author
> is Matt Taibbi and it is a must read.
Four Home Furnishing Stocks for a Housing Recovery [View article]
Exchanges Propose Weakened Uptick Rule [View article]
Average Joe Isn't Buying: Retail's Future Looks Bleak [View article]
The Stock Market Is Not a Democracy [View article]