Gary Balter
Gary Balter
bothered continue growth light numbers positive propensity rates results shine
We continue to be bothered by the company's propensity to shine a more positive light on results and growth rates than the numbers may support.
above absent current earnings imply improvement level signals stock trades view
The stock trades above a level that we would view as appropriate for the current earnings that, absent signals of improvement or takeover, would imply downside.
benign best cycle environment finally looks product stay
These are the best of times for Best Buy. The product cycle is finally here, the competitive environment ... is benign and looks to stay that way for the foreseeable future.
best
These are the best of times for Best Buy.
announced believe changes management michaels plus
Michaels announced management changes that we believe will be a plus to the story at this time.
believe concern consumer continue push
We continue to believe that all of the concern over the discounters' push into consumer electronics may be overblown.
believe track turnaround view
We believe that the turnaround story is very much on track and we view AutoZone as an interesting story for 2006.
company discount flat gross margins near quarter reflection sluggish term transition trends view weather
While every quarter is important, we view AZO as a company in transition and would discount flat comps or sluggish gross margins as more a reflection of near term weather trends than a concern.
cap challenges discount faces large retail retailers
Sears faces significant challenges in the discount retail market, particularly from the large cap retailers Wal-Mart and Target.
believe cost improve improvement key
While we believe they are doing the right things to improve their positioning, the cost of that improvement is going to be the key near-term.
bull downside exciting greater maybe risk stay upside
While maybe not as exciting as some had hoped, the upside is still significantly greater than the downside risk and we stay in the bull camp,
asset date expecting leadership sales seen
We have been expecting Sears to play out similarly, but to date have not seen the asset sales or leadership that have characterized the other stories.
attractive liked stock trading
With the stock trading at these attractive levels, we would have liked to see more significant repurchases.
cash deal investors looking seems strange
At first glance, this seems like a strange deal as investors in Sears Holdings are looking for cash generation, not new investments.