Description: Peeved over the pending sale of Red Lobster, an investment firm wants to replace Darden Restaurants’ (DRI) board of directors. Starboard Value, an activist hedge fund in New York, contends that Darden has “essentially given away” the seafood chain in its recent $2.1 billion agreement to sell it to Golden Gate Capital, a private equity… Read more »
Posts By: Brahm Canzer
Golf Market Stuck in Bunker as Thousands Leave the Sport
Description: The golf industry is in the rough. Once the go-to activity for corporate bonding, the sport is suffering from an exodus of players, a lack of interest among millennials and the mass closure of courses. Source: Bloomberg.com Date: May 23, 2014 Link: http://www.bloomberg.com/news/2014-05-23/golf-market-stuck-in-bunker-as-thousands-leave-the-sport.html Questions for Discussions: What does this report say about the reasons… Read more »
Tim Geithner responds to critics
Description: Former U.S. Secretary of the Treasury Timothy Geithner says the banking industry is like ‘the power grid’ and that the economic recovery from the financial crisis is ‘moderate.’ Source: CNNMoney.com – video report Date: May 15, 2014 Link: http://money.cnn.com/video/news/2014/05/15/n-tim-geithner-financial-crisis-economic-recovery-criticism.cnnmoney/index.html Questions for Discussions: Summarize the explanations provided by Tim Geithner for the way he handled… Read more »
Wal-Mart woes deeper than winter snow
Description: It was a rough winter for retailers and Wal-Mart was no exception. But the company also issued weak guidance for the warmer second quarter as it boosts investments to remain competitive against Amazon and Costco. Source: CNN.com – video report Date: May 15, 2014 Link: http://money.cnn.com/video/investing/2014/05/15/investing-the-buzz-walmart-retailers-kohls.cnnmoney/index.html Questions for Discussions: Why did Wal-Mart miss earnings… Read more »
Sears is in serious trouble
Description: Sears used to be an American retail icon. Ditto for Sears-owned Kmart. But with sales plunging and losses mounting, the only thing left for Sears to do is sell assets and close stores. That’s not a reason to buy the stock. Source: CNNMoney.com – video report Date: May 15, 2014 Link: http://money.cnn.com/video/investing/2014/05/14/investing-the-buzz-sears-kmart-retailer-eddie-lampert.cnnmoney/index.html Questions for… Read more »
Companies Choose Profits Over Productivity
Description: When the U.S. economy emerged from the recession in June 2009, productivity was rising at a fast clip. Companies had spent the downturn cutting jobs and were lean and efficient. Productivity—output per hour worked—jumped 5.5 percent in the fourth quarter from a year earlier as workers did more with less. But as the recovery has chugged… Read more »
Meet the Father of the Modern IPO
Description: In 1984, Eric Dobkin was working for Goldman Sachs (GS), selling stocks to professional money managers, when he was handed an assignment: The bank ranked a lowly ninth in underwriting new stock offerings. Fix it. Source: Businessweek.com Date: May 15, 2014 Link: http://www.businessweek.com/articles/2014-05-15/eric-dobkin-father-of-the-modern-ipo#r=hpt-ls Questions for discussion: Summarize the way IPOs are handled today, according… Read more »
Who loses if Apple buys Beats
Description: By purchasing Dr. Dre-backed Beats, Apple would gain a music subscription service and high-end headphone maker. Time to play a funeral dirge for publicly traded Pandora and Skullcandy? Source: CNNMoney.com – video report Date: May 09, 2014 Link: http://money.cnn.com/video/investing/2014/05/09/investing-the-buzz-apple-skullcandy-pandora-beats.cnnmoney/index.html Questions for Discussions: Why is this deal bad news for competitors like Pandora and Skullcandy?… Read more »
Munger: ‘Finance needs a few prosecutions’
Description: Warren Buffett’s right hand man, Charlie Munger, says banks are behaving better, but it’s important to charge some individuals with crimes to really change the culture. Source: CNN.com – video report Date: May 06, 2014 Link: http://money.cnn.com/video/news/2014/05/06/n-charlie-munger-bank-prosecution-criminal-charges-financial-crisis.cnnmoney/index.html Questions for Discussions: What does Charlie Munger have to say about controlling questionable behavior of top corporate… Read more »
K-Cups killing it for Keurig
Description: Looks like short sellers betting against Keurig Green Mountain may be getting squeezed again. The stock is hotter than a freshly brewed K-Cup due to better-than-expected earnings and revenue. Source: CNNMoney.com – video report Date: May 08, 2014 Link: http://money.cnn.com/video/investing/2014/05/08/investing-the-buzz-keurig-green-mountain-coffee-roasters-starbucks.cnnmoney/index.html Questions for Discussions: Why do you think short sellers are drawn to this stock?… Read more »
