Collective Brands Inc.
DSW Inc. (NYSE: DSW) reported that the company will pay a special dividend of $2 per share on October 26 to shareholders of record as of October 16. The company says that this, “reflects the company's strong cash flow and focus on returning value to its shareholders.” Normally I'm all about dividends, I believe they are an effective way for companies to return profits to shareholders. I prefer dividends over share buybacks because I can spend a dividend or choose to reinvest it. While share buybacks are usually seen as a positive move, many companies buy shares high and stop buying when the prices drop effectively wasting shareholders money. So what's wrong with DSW's special dividend?
Wolverine World Wide (NYSE: WWW), a footwear and apparel retailer, is becoming attractive recently. In my article, I talked about how this retailer is strategizing its moves which can be fruitful in the long run. Among its strategies of expanding its footprint in emerging markets and combating rising input prices, it had a particular strength to look forward to – its acquisition of Collective Brands’ (NYSE: PSS) performance and lifestyle business more »
Coach Incorporated (NYSE: COH) is a marketer of fine accessories for both genders. Their vast portfolio of products includes bags, business cases, footwear, jewelry, sun wear, travel bags, watches, and fragrances, but is mostly famously known for its women’s pocketbooks. The company distributes its products through its Coach Retail stores, the electronic store on the Coach website, and about 1,000 United States department stores. Over the past 5 more »
Here is another retailer which has fallen prey to the European markets' soft demand. Wolverine World Wide (NYSE: WWW) posted lackluster second quarter results that failed to meet analysts’ expectations. But a stellar guidance, boosted by the proposed acquisition of Collective Brands’ (NYSE: PSS) performance and lifestyle business, helped the company appease investors, and the stock surged. Let’s understand what the quarter has in store for us.
Analyzing the more »