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Bloomberg: Retail REITs Have Further to Fall Even After 78% Decline

Mon, 16 Mar 2009 14:35:00 GMT

Speak of the devil (Mar 13: Beginning to Build a REIT Short Portfolio) we have a nice story front and center on Bloomberg. Any article with Howard Davidowitz in it, makes me smile - even if it's only a passing mention. To reiterate I am on a go slow approach to building these short positions since the market looks to potentially have more upside to it, which will most likely take associated poor companies with it. I am hoping to this first batch of purchases actually goes bad, which would mean I can build much larger positions at higher prices - hence more profit when the eventual next down leg comes. I will say, however,[More...]

Dow Sinks Below 8000 Again

Wed, 04 Feb 2009 21:43:00 GMT

Uncertainties about the administration's plan to stabilize the bank sector dragged down stocks. Dow dropped 122 (taking it below 8K), decliners were only modestly ahead of advancers & NAZ pulled back from a nice gain in the AM to essentially even at the close. Banks continue weak, I can't remember how many times I've said that. S&P 500 FINANCIALS INDEX slipped in the PM, from up in the AM to close at down 1.20 bringing the index under 120. The MLP Index continues to sit on the 200 line, can't make up its mind to go up or down (similar to the Dow sitting on or just above the 8K line). Today MLPs closed at 199.39, down 1.86. REITs & junk bond funds hang in there (at very low levels) as they find a few buyers who grab the 17-20% yields. Speaking of yields, the Treasury 10 year bond yield has quietly (in all the other confusion going on) risen from just above 2% to 2.91%, mostly in 2009. Nothing like worries about[More...]

It's Not Just Consumers Who Are Making Adjustments

Wed, 21 Jan 2009 03:44:00 GMT

Analysts and the media have focused plenty of attention on how overindebted and tapped out consumers are responding to deteriorating economic conditions. So far, there are clear signs that Americans are becoming more disciplined -- cutting back, saving, reusing, repairing and, overall, adjusting to a world where uncertainty is on the rise and there is much less to go around. But the reaction is not one-sided. Those on the other side of the counter are also seeing the writing on the wall -- better late than never, I guess -- and are starting to make structural adjustments of their own. In "Retailers Prepare for a New, Frugal Future," the Associated Press gives us the details.

[More...]

Electronics A Tough Sell Yet Best Buy Stands By Forecast

Tue, 16 Dec 2008 20:44:00 GMT

Oh to be a Electronics Retailer during a recession, roughly as sought-after a profession as 'Big 3 personal flight crew', after that first trip to Washington. But Best Buy (BBY) is holding on in the midst of turbulence while its main competitor has all but bowed out. With Circuit City Stores (CCTYQ) trading OTC and trying to stay afloat, BBY would seem to be serving for the match. If only customers would come to the stores and buy that is. With profits down 77% year over year in the latest quarter it appears on the surface Best Buy is facing some troubles of its own. But the company is being run effectively despite consumer spending reports that are on record as the worst since the early 30s. So to the numbers: Quarterly profits of $0.13/share ($0.35/share excluding special items) were better than expected. Analysts had the numbers pinned at $0.24/share[More...]

Swelling Ranks of Sellers

Sat, 13 Dec 2008 17:10:00 GMT

One feature that defines a deflationary downturn is the expanding array of sellers. You don't just have the usual crowd who are looking to make a profit or to get rid of something they already own so they can buy something else. You also see more and more individuals and firms who have to sell because they don't have enough cash on hand to meet their needs; lenders who end up with something they don't want because borrowers have defaulted on their obligations; people who are worried about their job prospects or other concerns who want to be more liquid; and others who simply get caught up in the spirit of the times. In "Rising Retailer Threat: Liquidations," the Wall Street Journal shines the light on one group whose ranks are destined to swell dramatically in the months and years[More...]

Diapers.com to open distribution facility in Covington Industrial Park

Fri, 04 Dec 2009 18:04:00 GMT

Dec. 4--An Internet retailer of baby products will create 120 jobs initially and up to 300 long-term at a massive distribution facility in the North Pocono area.
Quidsi Inc., the parent company of www.Diapers.com, will move this month into part of a vacant, 1.3-million-square-foot structure at Covington Industrial Park.
He said the region's geographic position figures in the transition.

: iStockAnalyst.com Symbols Feed

Bloomberg: Retail REITs Have Further to Fall Even After 78% Decline

Dow Sinks Below 8000 Again

It's Not Just Consumers Who Are Making Adjustments

Electronics A Tough Sell Yet Best Buy Stands By Forecast

Swelling Ranks of Sellers

Diapers.com to open distribution facility in Covington Industrial Park

Diapers.com to open distribution facility in Covington Industrial Park

Hanover mall nearing default: Owner has stopped paying $87.5M loan

Diapers.com to open distribution facility in Covington Industrial Park

St. Louis Post-Dispatch, Jim Gallagher column: Investing gets even less certain as economy snails upward

Bradley moves bonds to new bank

Petters liquidator made gifts of cash: Jurors hear of 'cabbage,' investor's imminent foreclosure

Local commercial real estate market surviving in recession

White-collar jobless prevalent in Richmond area

Local Coin Dealer Says Precious Metal Currently is a Better Money-Maker

Investment Industry Regulatory Organization of Canada - Trade Resumption - Cascade Resources Ltd. - CC

Media Advisory: Open Door Policy for U.S. Media Organizations on Black Friday, November 28, 2008; Circuit City Helps Kick Off Holiday Shopping Season

Circuit City Stores, Inc. Receives Court Approval of Its First Day Motions

Circuit City Stores, Inc. Statement Regarding NYSE Move to Delist Common Stock

Circuit City Stores, Inc. to Reorganize Under Chapter 11

Circuit City Store Closing Sales Now Underway at 154 U.S. Locations. - Nov 6 2008 11:57PM

Circuit City Stores, Inc. Provides Update on Liquidity and Announces Store Closing Plan

Put Celebrity Star Power Behind Your Holiday Gift Wishes; Circuit City Launches 'Wish Upon a Star' November 2 at www.circuitcity.com

Circuit City Launches 'One Price Promise' to Assure Consistent, Dependable Pricing in All Sales Channels

Verizon Unveils 'Expert Care' Plans for One-Stop Technical Support, Equipment Repair-and-Replacement

Form 4 SALINAS PLIEGO RICARDO For: Nov 13 (10K)

Form 4 PLIEGO RICARDO BENJAMIN For: Nov 12 (10K)

Form 3 PLIEGO RICARDO BENJAMIN For: Nov 12 (10K)

Form 4 CIRCUIT CITY STORES INC For: Aug 22 Filed by: BESANKO BRUCE H (10K)

Form 4 TURNER RONALD L For: Aug 21 (10K)

Form 4 CIRCUIT CITY STORES INC For: Aug 18 Filed by: MARCUM JAMES (10K)

Form 4 BRADLEY BRIAN S For: Aug 01 (10K)

Form 4 Breitenbecher Kelly E For: Aug 01 (10K)

Form 4 BRADLEY BRIAN S For: Jul 01 (10K)

Form 4 Breitenbecher Kelly E For: Jul 01 (10K)