I think the retail sector is a great sector to buy because they don't have any of these Asian flu syndrome. I mean, all the things that are happening in Asia right now are positive to retailers because a lot of these retailers -- their cost will go down and they'll be able to bring goods into the United States at a lower...cost basis.
More Quotes from Steve Kernkraut:
They reported much better earnings than we suspected. It was all based on Fingerhut being better than plan. Department stores were actually below plan, so the quality of that (earnings) improvement reflects better delinquency rates than anticipated.Steve Kernkraut
Any business they do on the Internet is going to be very profitable for them. They have the infrastructure. They don't have to create it. And additionally, the profit margins on their bras and underwear and lingerie are spectacular, while the other e-commerce companies have very narrow margins.
Steve Kernkraut
I think this is a good move, the right move to make.
Steve Kernkraut
The numbers that came out were surprisingly strong. You have to walk away impressed with what they've been able to do in a short amount of time.
Steve Kernkraut
It really is very weather-sensitive. You've got to psych the consumer into thinking the fall is coming. And the season is longer because kids wait to see what other kids are wearing.
Steve Kernkraut
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