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.
More Quotes from Gary Balter:
This is a rich company.Gary Balter
Favorable industry trends provide further support.
Gary Balter
That's right, a buy on Kmart, ... The 'buy' rating reflects Kmart's asset values we believe provide support for the stock at this level. Combined with strong positive cash flow, this implies the stock is undervalued.
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
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
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.
Gary Balter
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