“That's right, a buy on Kmart, ... The 'buy' rating reflects [Kmart's] asset values we believe provide support for the stock at this level. Combined with strong positive cash flow, this implies the stock is undervalued.”
“We believe poor recent results and management changes are leading to internal rethinking of [Wal-Mart's] aggressive deflationary pricing strategies, which we believe will lead to better gross margins in 2004, while still reducing prices,”
“We believe poor recent results and management changes are leading to internal rethinking of [Wal-Mart's] aggressive deflationary pricing strategies, which we believe will lead to better gross margins in 2004, while still reducing prices.”
“That's right, a buy on Kmart. The 'buy' rating reflects [Kmart's] asset values we believe provide support for the stock at this level. Combined with strong positive cash flow, this implies the stock is undervalued.”
“That comment should calm concerns that the first quarter could be down, and positions Best Buy for solid earnings per share improvements against the second and third quarters.”
“These are the best of times for Best Buy. The product cycle is finally here, the competitive environment ... is benign and looks to stay that way for the foreseeable future.”