Last month I wrote about Ford’s (NYSE: F) China Strategy, highlighting the important trends in the Chinese market, and how important it was for Ford, a late entrant, to gain market share in the world’s largest auto market.
Car and truck makers sold 18.9 million vehicles in China last year, up 2.7% from a year ago, with growth sputtering from highs of 30% in 2010 and 42% in 2009. After overtaking the U.S. in 2009, China became the world’s largest auto market.
I own Ford, (NYSE: F) and the recent drop of 9%, due to expectations of a weak 2013 in Europe, suggests an opportunity to buy more. Sure, Europe will continue to bleed money -- Ford expects to lose $2 billion in Europe this year, but in my opinion this is already reflected in the price. At $49 billion, Ford 's market cap is a low 37% of sales as compared to more »
Discount Stores:Five Impressive Years
All Numbers in Percent except PE
EPS growth past 5 years
EPS growth next 5 years
Sales growth past 5 years
Return on Equity
42 more »
HomeAway (NASDAQ: AWAY) has some first mover advantages in the vacation home rental industry. The largest player in a fragmented industry, it is also reshaping it, making it more structured and organized. Unlike hotel and resort properties, most vacation rentals are smaller -- second homes, shared travel, and mom and pop bed and breakfasts. Very popular in Europe, this segment of travel is catching up in the US and also growing more »
TD Bank (NYSE: TD) behaved like a truly seasoned banker and avoided the housing bubble, escaping the fate of its American cousins. As Amanda Alix wrote in Why these 5 Canadian banks rock, TD’s larger exposure to the Canadian housing market -- where their standards were not as lax -- helped.
With its peers floundering, TD remained healthy and cash rich, scooping up Commerce Bank, Chrysler’s finance arm and credit more »
To most admirers of LinkedIn (NYSE: LNKD), the biggest question is -- is the premier jobs hub priced to perfection?. With consensus estimates pointing to 63 cents earnings for 2012 and $1.31 for 2013, LinkedIn has a whopping forward earning multiple of 79! And with the way the market has punished social network high fliers Facebook (NASDAQ: FB), Zynga and Groupon, surely LinkedIn is a likely candidate for a hammering more »
Sprint (NYSE: S) raced ahead this August with stellar second quarter results, handily beating estimates and pointing towards a tighter race with arch rivals AT&T (NYSE: T), Verizon (NYSE: VZ) and T-Mobile.
Five takeaways from June 2012 earnings
Nike’s (NYSE: NKE) performance for the financial year ended May 2012 was way below par for the sports apparel and footwear giant. While revenues grew 16%, net income inched up a measly 4% and earnings helped by a generous buyback climbed faster at 8%. The gross margin sunk to 43.4%, down 220 basis points from 45.6% last year. Trimming overhead and sales, Nike managed to keep net more »
Williams-Sonoma(NYSE: WSM), retailer of higher-end home furnishings operates five retail chains, Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and the recently added Rejuvenation, earning 56% of revenues from retail stores and the rest from website and catalog sales.
Williams-Sonoma went through two terrible years in 2008 (year ended Jan 2009) and 2009, (year ended Jan 2010), with revenues dropping from a peak of $3.9 more »
Bed Bath and Beyond's (NASDAQ: BBBY) first quarter of fiscal 2012 was a huge disappointment, with comps growing only 3% and Bed Bath ratcheting down expectations to low single digit earnings growth for fiscal 2012. Its stock price dropped almost 20% from its peak of $ 75.84, and has since stabilized in the low sixties.
From fiscal 2008 to 2011, in spite of a weak housing market, Bed Bath more »