Amazon’s Newest Victim: hhgregg
Appliances and electronics retailer hhgregg slashed its guidance thanks to poor TV and audio equipment sales.
Brian Nelson
Cummins Stalls; Full-Year Outlook Slashed
Engine maker Cummins is cutting its full-year outlook in light of lower-than-expected demand. We touch on recent guidance cuts and the health of the economy.
AMD Warns On Revenue, We Like Intel Instead
Chipmaker AMD pre-announced poor results for its second-quarter revenue. We suspect earnings will also be poor, but we still like Intel.
Patriot Coal’s Bankruptcy Aftermath Hurts James River Coal
Weak demand and oversupply in the coal industry are severely impairing coal companies’ profitability. In the wake of Patriot Coal’s bankruptcy, investors are now concerned that James River Coal could be next. We dig into some of the names in the coal industry.
Alcoa Beats Estimates But We Don’t Like the Stock
Aluminum giant Alcoa reported better than expected results. We think shares are fairly valued.
Facebook May Start a Job Board To Compete With LinkedIn
Rumors continue to swirl that social media giant Facebook (FB) is in the process of creating a job board with its third party platforms to compete with LinkedIn (LNKD) and Monster Worldwide (). We understand why Facebook would want to compete with LinkedIn, especially after a Forbes article reported that LinkedIn earns $1.30 in revenue per hour of usage versus a measly $0.062 for Facebook. However, we’re unsure whether Facebook will be able to compete in the business networking space. Since its inception, Facebook has successfully captured a significant amount of its users’ free-time by providing a (mostly) unfiltered social experience. On Facebook, there’s a bit of a separation between one’s work life and one’s personal life. On the other … Read more
Ashford University is Denied Accreditation; We’d Continue to Stay Away From Bridgepoint
For-profit education provider Bridgepoint saw one of its schools, Ashford University, denied accreditation. We’d continue to steer clear of Bridgepoint and other for-profit education firms.
WellPoint Bets on Medicare and Medicaid
Health benefits company WellPoint will acquire managed care provider Amerigroup, as the company positions itself to take advantage of Medicare and Medicaid expansion.
Thompson Reuters’ Acquisition of FX Alliance Points to Growing Interest in Alternative Investments
Investment data provider Thompson Reuters acquired FX Alliance as currencies and precious metals become more popular with institutional investors.
Best Buy Slashes 2,400 Jobs
Big box electronics retailer Best Buy announced that it will lay off 2,400 employees. We still aren’t excited about the company.