Tuesday, 03 February 2009 23:00

Costco missed estimates today, and it was on my shortlist of retailers

The markets are again moving faster than I can process research and perform due diligence. I will release additional name that I have been looking at and gathering positions on in that space some time today or tomorrow. I would like to be clear that these are not subjects that have been thoroughly analyzed, but have popped up as shortlisted in initial screens.

Last modified on Tuesday, 03 February 2009 23:00

16 comments

  • Comment Link Reggie Middleton Thursday, 05 February 2009 23:29 posted by Reggie Middleton

    Very, very funny. Many CEO's fly [url=http://www.markfiore.com/wall_street_executive_air_0]Executive Air[/url].

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  • Comment Link phirang Thursday, 05 February 2009 23:18 posted by phirang

    HIG at least has a good P&C business.

    PFG offers nothing worth mentioning. I'm shorting them into oblivion.

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  • Comment Link johnnydollar Thursday, 05 February 2009 19:42 posted by johnnydollar

    having been well positioned. i'd now like to know if he thinks things are deteriorating at a greater clip than he thought with hig.

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  • Comment Link cube660 Thursday, 05 February 2009 19:27 posted by cube660

    HIG is old news. All prudent subscribers should have already positioned themselves with shorts and leap puts by now. Especially with the recent run-up in the stock price. HIG at $16 was a complete joke.

    Reggie has already released and reiterated his opinion with this stock. Of course they missed. Next will be PFG.

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  • Comment Link johnnydollar Thursday, 05 February 2009 18:38 posted by johnnydollar

    reggie, any comment on hig's miss would be appreciated.

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  • Comment Link phirang Thursday, 05 February 2009 17:23 posted by phirang

    pretty mediocre results... Reggie, can you provide subscribers with a quick update and some channel-check intel? ;D

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  • Comment Link phirang Thursday, 05 February 2009 11:09 posted by phirang

    trades like a tech stock with kindle.

    Dangerous short, unless you think kindle is a bust.

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  • Comment Link Reggie Middleton Thursday, 05 February 2009 07:41 posted by Reggie Middleton

    This is a danger of posting shortlist candidates. I have no opinion on Wynn yet, other than it is in trouble. Feel free to look into it further. I will have more complete findings in a couple of weeks.

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  • Comment Link nealthom Thursday, 05 February 2009 06:29 posted by nealthom

    I agree that Wynn is a scary short at this level but Reggie just released it. Was looking for a valuation but unfortunately, none was listed. Does anyone know when the next earnings report is being released?

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  • Comment Link shaunsnoll Wednesday, 04 February 2009 23:09 posted by shaunsnoll

    i have also posted some research in the forums on this site with some long ideas that could be interesting. i'll try to post some more research of mine over there late, so as not to clog up the comments section with unrelated talk. there are some VERY intelligent investors on here and creating an engaging and smart conversation in the forums would be great. one of the most under utilized assets of this blog is the quality of its subscribers imo

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  • Comment Link jarret Wednesday, 04 February 2009 21:10 posted by jarret

    Thanks Shaunsnoll as I have been following your comments and noticed that you have a real good handle on things. I think we both found Reggie around the same time and I know you like me are better off on a lot of levels for it.

    On a side note Costco is a great retailer, has great management and corporate governance
    which is one of the reason it carried a high PE and showed up on Reggie's list. If I remember correctly AMZN didnt show up which is suprising given their PE though they did have a good last Q.

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  • Comment Link shaunsnoll Wednesday, 04 February 2009 20:57 posted by shaunsnoll

    count as a retailer? movies are pretty discretionary, and can anyone explain to me why MW spending more per year on capex? CSTR looks bad too with a 30 P/E

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  • Comment Link shaunsnoll Wednesday, 04 February 2009 20:43 posted by shaunsnoll

    i dont know if CRI counts, but they look to be in a pretty bad spot, let me get back to you tomorrow, my research is on my other computer

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  • Comment Link jarret Wednesday, 04 February 2009 20:09 posted by jarret

    Do you currently have an companies in the retail space that you believe would be good shorts?

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  • Comment Link phirang Wednesday, 04 February 2009 17:01 posted by phirang

    I would admonish everyone here NOT to short WYNN at these levels... let's wait for Q4 and guidance. The real dump will be, ceterius paribus etc etc, on Q1 results and guidance thence.

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  • Comment Link shaunsnoll Wednesday, 04 February 2009 11:55 posted by shaunsnoll

    the list of your potential shorts is almost more useful than the full reports, since, for me, being aware and involved in your thought process as you go through your research is better for me than when you hand an amazing stock idea on a silver platter to us. (Not that i don't love that of course!) through releasing bits of your research process i have learned such an immense amount about forensic research and stock picking that my own personal ability has gotten much better since i started reading your site. these updates as you go through yoru research process is something that i dont think ANY other site/blog/service has ANYWHERE, and THAT learning i've gotten from you is priceless!! for that, i definately owe you a big Thank You and Cheers Reggie! Your the man!

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