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,
More Quotes from Gary Balter:
That comment should calm concerns that the first quarter could be down, and positions Best Buy for solid earnings per share improvements against the second and third quarters.Gary Balter
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,
Gary Balter
We're looking for expenses that are coming in line and gross margins that are working, and that's what we saw. These results give us more confidence that Sears can continue to improve earnings in 2006.
Gary Balter
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.
Gary Balter
At first glance, this seems like a strange deal as investors in Sears Holdings are looking for cash generation, not new investments.
Gary Balter
We believe poor recent results and management changes are leading to internal rethinking of Wal-Mart's aggressive deflationary pricing strategies, which we believe will lead to better gross margins in 2004, while still reducing prices,
Gary Balter
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