Gary Balter
Gary Balter
beginning consumers keeping prices realize reducing retailers sales smarter wait
Retailers are getting smarter in the way they do business. They are reducing their inventories and keeping prices steady. Consumers are beginning to realize that they can't just wait for the sales like they used to.
cash continued growth higher lack point prices store
Their lack of investments in systems, continued new store growth by Wal-Mart and higher prices point to short-term cash maximization, not long-term growth,
budget budgets core drives gets microsoft office product spending supply time
If Microsoft gets the product out in January, that would still be in time for the new budget spending that drives many mid-to-small businesses, the core of the office supply segment.
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.
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.
commercial competitor despite drivers earnings executing faces footage improve investors looking margins operating remind results retailing sales slowing square strong
Despite the macro concerns, today's strong results should remind investors that Lowe's is executing as well in retailing today, has some significant sales and earnings drivers in installed sales, commercial and distribution, and faces a competitor that is slowing square footage and looking to improve operating margins in its core.
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.
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.
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.
attractive liked stock trading
With the stock trading at these attractive levels, we would have liked to see more significant repurchases.
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.
christmas given improved products year
Given the plethora of new and improved products that we should see this Christmas ... if there was a year to have a delay, this is it.