Archive for the 'Finance' Category

AS THE RATS SCRAMBLE THRU THE HAWS PIPE…

Sunday, April 3rd, 2016

Given the news last week regarding Walmart annual sales (lack of) growth, a reasonable person might expect that investors would look elsewhere growth opportunities. Four news items today, however, shine light on how Wall Street makes money for itself: by buying and selling the same stocks. First up is Gould Asset Management which: reduced its […]

ARE THE CHICKENS COMING HOME TO ROOST…?

Saturday, April 2nd, 2016

While reading this morning I found Brian Feroldi over at The Motley Fool. I expected a follow-on this week’s news that Walmart failed to post annual sales growth for the first time since the company went public 45 years ago. That wasn’t what I found however in 3 Dividend Aristocrats We Will Never Buy. Feroldi […]

APRIL FOOL’S…? NOPE…

Friday, April 1st, 2016

Shelly Banjo reporting in Wal-Mart’s first-ever sales drop marks the end of an era for Bloomberg News, writes: For the first time ever—or at least since the company went public some 45 years ago—Wal-Mart’s revenues shrank from the year before, according to its annual financial filing released Wednesday. Wal-Mart is clearly having trouble adapting its […]

Does this figure explain why there is so much crime in Walmart parking lots?

Tuesday, August 17th, 2010

Walmart continually surprises me. This would be a boring earnings report story (they were up – sorry, Robert used to do these stories but I can’t muster enthusiasm for them) except for this: Company officials said that credit card transactions now account for only 15 percent of spending at Wal-Mart. Wal-Mart couldn’t immediately offer a […]

HUH…?

Monday, September 14th, 2009

There are times when I read news reports like the one below from Reuters that I lament my ignorance of economics and finance beyond the most basic freshman-level courses. I think I get that Walmart wants to borrow a billion euros. But beyond that, I’m clueless. WAL-MART SETS SIZE OF 20-YR GLOBAL BOND AT 1 […]

What if the Employee Free Choice Act makes Walmart workers more productive?

Tuesday, March 10th, 2009

If Citibank says sell, I’d buy (assuming, of course, I wanted to make money off human misery). Because after all, Citibank has been doing so well lately. PS I know Citi is up today, but really, isn’t that kind of thinking what got the economy into trouble in the first place?

Walmart is a symptom

Tuesday, July 8th, 2008

As we know, the focus is on Walmart because they are the biggest and the worst, but they are still only a symptom of a greater problem. This is the general decline in the idea that society is a communal effort and only succeeds when everyone does well. The rise of the libertarian, selfish mindset […]

WHY DID A BANK FAIL IN BENTONVILLE…?

Monday, May 12th, 2008

A story about a bank failing in Bentonville, Arkansas, really has me scratching my head this morning. It could be nothing, pure coincidence, but I have to scratch my head a bit in light of a post from a clearly left-leaning blog that ties: First, Chinese companies refusing to do business in U.S. dollars; Second, […]

PENNY PINCHERS OR JUST FLAT-OUT BROKE…?

Wednesday, February 20th, 2008

The wires this morning are flooded about all the wonderful economic coming out of Wal-Mart. It’s a perfect case of news-release journalism: skim the release, make a quick phone call for a quote and type that sucker up. Job done. Nobody really reads beyond the headlines anyway, right? From Reuters: Penny-pinching shoppers boost Wal-Mart profit… […]

LEGO TAKES A STAND…?

Wednesday, February 6th, 2008

The tanking of the U.S. dollar and the recession (yes, economists and market pundits are finally admitting we’re in a recession) has increased the value of the Canadian dollar and Wal-Mart is attempting to renegotiate pricing to reflect the shift. Legos told Wal-Mart, no thank you. From Reuters: Wal-Mart Stores Inc’s Canadian unit has discontinued […]

LEAVING CASH IN UNATTENDED REGISTERS…?

Sunday, October 21st, 2007

When I was back in college I worked a register in the Jewelry department at Hart’s in Marietta, Ohio. One of the things you never, ever did was leave your cash in the drawer at the end of the shift. You counted it out and signed it over or took the drawer to the safe. […]

WHY HACKERS LOVE WAL-MART MONEY CARDS…

Saturday, August 4th, 2007

The blogger at GhettoWebmaster dropped us a line to help spread the word that those Wal-Mart pre-paid Visa cards are not only financially a horrible idea, but that your money would be safer scattered in the street. I heard about Walmart’s new “Money Card” which is nothing more than a prepaid Visa card. Just like […]

Only liberals hate Wal-Mart – RIP.

Wednesday, August 1st, 2007

I think we can now once and for all put to rest the popular notion that only liberals hate Wal-Mart. Jim Capo, National Spokesman on Trade Policy for the John Birch Society has attacked Wal-Mart for offering financial services to people who might be illegal aliens: Walk in to your local Wal-Mart and for every […]

WAL-MART SUED OVER ACCOUNTING PRACTICES…

Wednesday, August 1st, 2007

Ah come on, what’s $400,000 between friends? After all, that’s not even real money by Wal-Mart standards. But when you’re a small vendor a $200,000 here, $200,000 there can pop your eyes open real fast. From the Arkansas Democrat Gazette: A California trampoline vendor is suing Wal-Mart Stores Inc., claiming the retail giant secretly withdrew […]

“Never give a sucker an even break.”

Monday, July 30th, 2007

Last night, I saw this post by save_the_rustbelt at Angry Bear which weighs some pros and cons of Wal-Mart. All the pros, have to do with the Wal_Mart MoneyCard. So I wrote in the comments: Have you ever seen the fee schedule on one of those money cards? and linked to it. Here’s the response […]