I imagine it’s happened to all of us. You need to paint (or if you’re lucky, have painted) a wall/room/house. You go into the store to pick “the right” paint color and are confronted with literally an infinite number of choices- because they can match any color you want. As if the paint chips by […]
Author Archive for: jeff
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Entries by jeff
Emerald didn’t report a great September 30 quarter. However, there are some mitigating factors. I’ll discuss those results and the factors below. Before digging into the numbers, let’s focus on issues of strategy and tactics. Emerald’s previous CEO was resigned about a year ago. It happened suddenly and, to the outside world at least, unexpectedly. […]
On October 31, I posted an article called “What’s Wrong with Capitalism?” After a couple of paragraphs of me ranting and raving there was a link to an article that described what Ben Hunt calls the “financialization of Texas Instruments. It was disturbing to a few people I heard from and, I hope, to some […]
At its September 29 quarter end, Big 5 had 433 stores down from 436 a year ago. Big 5 “…provide a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Our product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and […]
Well, uh, nothing actually. Okay, not nothing. Some things- sure. There’s no perfect system. But the real problem is that what we actually have is less and less like real capitalism. Adam Smith’s invisible hand and Schumpeter’s idea of creative destruction have both taken it on the chin. Quantitative easing, low to negative interest rates, […]
I admit it. Before this deal, I’d never head of Kathmandu, a public company headquartered in New Zealand. If you haven’t either, you can visit their consumer facing web site or their investors web site where you can pour over all the deal related documents I’ve looked at. Mostly, though, I think you’re happy to […]
This is interesting. It seems to indicate that most retailers are being left behind. You might want to click through to Capgemini and sign up for some of their research. Anyway, here’s the link.
I never learned why SPY went public in the first place all those years ago. I imagine it was because a group of people who may not quite have understood the industry saw potential fast growth and a chance to make a lot of money. Those were different times. I have some experience with that […]
Zumiez had a great quarter ended August 3 (remember I don’t write until I have received and digested the 10-Q). They did it with sales that rose just 4.3% from $219.0 in last year’s quarter to $228.4 million in this year’s. But they also increased their gross margin from 33.1% in the same quarter last […]
Globe filed its annual report for the year ended June 30, 2019 pretty much concurrently with the announcement that it had sold Dwindle to Highline Industries Corporation. Skatewire reported that the purchase price was $1.5 million, but what the annual report says is that the carrying value of the assets was $1.5 million. I haven’t […]
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Market Watch updates
- How’s the Trade Show Business? Emerald Exposition’s Quarterly ResultsNovember 19, 2019 - 4:33 pm
- Big 5 Sporting Goods. What Should We Think About Their Solid Quarter?November 5, 2019 - 3:30 pm
- Kathmandu Buys Rip Curl: Analysis and QuestionsOctober 14, 2019 - 4:07 pm
- An Inevitable Deal: SPY Purchased by BolleOctober 1, 2019 - 9:31 am