Weekend Nov 8, 2014 Eddie Lampert has certainly been more famous for financial shenanigans to keep SHLD afloat than for innovative retailing.  Now he ponders selling stores to an REIT, then leasing them back. The stock jumped $10 on this idea which would infuse cash, for about one year's needs they was SHLD is burning cash.  I…

Weekend Nov 8 2014 Transocean RIG delayed reporting earngs. RIG took a $$2.8 B write down. This was a combination of a write down of goodwill on acquisitions $1.97 B And a writedown on the equipment resulting from lower lease rates $788 Million. I recently posted several of my articles on the declining oil price.…

Tuesday Oct 21 2014 FEI has published an article on convergence or rather the lack there of. I have suspected they would never marry and that turns out to be the case. Does this matter, what is your take?  Does this make the USA less or more attractive as a place to locate an international…

Monday Oct 20 2014 IBM stock price is tanking in pre market trading Monday.  The reason is lower earnings and declining prospects, world wide. This is simply anohter puzzle piece falling into place. This suggests thw five year bull market in stocks is ending. IBM was THE blue chip stock when I first became a…

Wed Oct 15 2015 Marvin Elllison with a good deal of retail experience is the new J C Penny CEO. But as you will read analysts at UBS are not convinced. Macy's and Kohl have the better road map they say. I don't konw, probably the best thing goinng for JCP is the weak performance of Sears…

Tuesday Occt 7 2014 I received this update from Padegett Strateman today on Revenue Recognition. No doubt all the cpa firms have something on their websites on this. Links are on the left side of this blog as well as in Helpful Websites on BB.S Come to think of it that would be a good…

Thursday Sept 25 2014 When I worked for Ross Perot we were immersed in a six month training program. The idea was to produce a securities broker who did not depend on the stock market for success. We would be licensed across several markets, insurance, annuities, muni bonds, you name it.  And the fellow running…

Tuesday Sept 23 2014 RSH is seeking an extension of payment terms with a large supplier. A bankruptcy lawyer comments this is the same thing that happened at Circuit City and Borders,and as he says, we know how that turned out.  I commented in Acct 3310 yesterday that the cash flow statement was the most important…