Filed under: Earnings reports , Staples Inc (SPLS) While less foot traffic and lower sales dragged down Staples Inc. ’s (NASDAQ: SPLS ) second-quarter profit, mining equipment maker Joy Global Inc. ’s (NASDAQ: JOYG ) fiscal third-quarter profit soared on strong demand for its products and services.
Staples , the world’s largest office supply company, reported Wednesday that it earned $150.2 million , or 21 cents per share, down 16% from its year-ago profit. Sales jumped 18% to $5.07 billion, though same-store sales fell 7% in North America. Results were boosted by the acquisition of Dutch supply chain Corporate Express NV. Analysts polled by Thomson Reuters had expected a profit of 21 cents per share on revenue of $4.69 billion. Because of the slowing economy, the Framingham, Mass.-based company also forecast low single-digit earnings per share growth for the full year
Staples shares rose 41 cents, or 1.7%, W...
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Shares of Staples Inc. continued to climb Friday, a day after the world’s largest office supply chain laid out its business strategy to investors at a day-long meeting.... more
Filed under: Politics , Presidential elections Maybe it took the prospect of going down to an inglorious defeat to a relative political novice to get Hillary Clinton to loosen up. In the last 72 hours, the New York senator has appeared on both "Saturday Night Live" and "The Daily Show." On both appearances, she was calm, relaxed and natural, qualities that have been decidedly lacking in her campaign. The question heading into today’s important Texas and Ohio primaries is whether this ... more
Filed under: Allergan (AGN) , Stocks to Buy The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth reviewing is Allergan. Allergan, Inc. (NYSE: AGN ) is a leading producer of ophthalmic, neuromuscular and skin care pharmaceuticals, and, via its March 2006 acquisition of Inamed Corp., aesthetic products. Analysts see 10-13% revenue growth... more
Filed under: Law , Scandals If you’ve read my posts on Overstock.com, Inc. (NASDAQ: OSTK ) CEO Patrick Byrne’s allegations of a vast conspiracy of market manipulation involving a character from Star Wars and crooked reporters, you know that I’m a bit skeptical. But for this post, let’s put all that aside and assume that Patrick Byrne’s whacked out conspiracy theory is right on: there is indeed a cabal of hedge fund managers and "captured journalists" ... more
Filed under: Mutual funds , Media World , Chasing Value , Stocks to Buy , NASDAQ People are always looking for the perfect investment that is going to be able to beat the market. I have been intrigued recently with the Ultra EFTs. For some investors Ultra ETF’s may be the magic bullet to beat the market over the very long term.
ETF’s such as SPY , QQQQ and DIA have become very popular tools for investors to mirror the indexes with minimal fees. The QQQQ has a man... more
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