Category Archives: Consumer Discretionary
Since peaking at $32.01 in July 2015, the MLP units of StoneMor Partners LP (STON) have lost nearly 90% of their value. The steepest part of the decline began in October 2016, just before STON cut its quarterly distribution in … Continue reading
BBBY has lost 70% of its value over the past three years. Profits are down sharply mostly because of price competition. Store comparable net sales have been falling mid-single digits, offset by growth in online/mobile sales and other areas. Management … Continue reading
General Motors Company (GM) reported third quarter EPS of $0.08 vs. $1.76 in the prior year. Excluding unusual items – a $2.3 billion, $1.24 per share deferred tax adjustment related to the sale of GM’s European operations in 2017 and … Continue reading
Sears Canada (SCC.TO) announced yesterday (10/10) that it would seek court approval to close all of its stores and lay off nearly all of its 13,000 employees. The move comes after the company’s Executive Chairman Brandon Strazl failed to obtain … Continue reading
It has been about 12 years since Edward S. Lampert acquired Sears and merged it with Kmart to create Sears Holdings (SHLD). Despite numerous spin-offs, asset sales and store closings, which have provided positive returns to shareholders, Sears Holdings today … Continue reading
Housing market activity has strengthened in recent months. This has raised the hope of another leg up in the recovery. Yet, investors are still skeptical about the industry’s future prospects.