The annual Business Week Investment Outlook issue (dated 12/29-1/5) is out and I was asked to contribute a bargain investment idea from the currently depressed market. My pick (on page 58) was Anheuser-Busch InBev . I am on vacation through 12/27 but I will write about this newly created be ... Read more

Last month I mentioned I thought Abercrombie and Fitch (ANF) stock looked undervalued . A December 8th Wall Street Journal article entitled “Abercrombie Fights Discount Tide” discussed ANF’s strategy to maintain its premium brand image by choosing to accept higher rates o ... Read more

To get an idea of how bad the high yield debt market is right now, one need only look at what price El Paso (EP) had to pay this week to issue $500 million worth of senior notes. El Paso is a solid company and should not have trouble selling debt. Their hybrid business model; energy pipelines co ... Read more

It is going to be very difficult for the U.S. economy to turn a significant corner without a housing market that is at least stable. Amazingly, the housing situation has not improved much at all during 2008, even as builders halt new construction and slash prices on newly built inventory. Increas ... Read more

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This blog will be moving to a new server over the weekend, so if the site is down periodically in the next couple of days, that is why. I am not expecting major issues, but the rss feed conversion could pose the most risk to being a bumpy transition. If you have trouble getting content delivered to ... Read more

Simply judging from the stock market's performance over the last couple of months, you might think the entire U.S. economy is teetering on the brink of disaster. In reality though, the sheer ugliness of the financial services and retail sectors is masking the other eight sectors of the market that, ... Read more

The last four years or so for Sears Holdings (SHLD) and its shareholders would make for quite an interesting Harvard Business School case study. I have been writing about the company since 2005 and was an early investor in Kmart, even before Eddie Lampert used it as a vehicle to buy Sears. ... ... Read more

I really thought we would finally see a less negative view on Citigroup (C) from Meredith Whitney a couple weeks back when the stock hit three bucks. Whitney, you may recall, is the Oppenheimer & Co banking analyst who downgraded Citi to "underperform" last year when the shares traded for around ... Read more

In a piece written by Glenn Hall, TheStreet.com published an article today entitled " Today's Outrage: Sears Isn't Worth $4 Billion ." I had to check my calendar to make sure it wasn't April 1st because I can't believe the editors at a prominent site would publish this nonsense. Here is h ... Read more