If you remember, i wasnt willing to dismiss that lousy jobs number that we got friday as easily as others. I said the clouds are upon us. Then today, the clouds burst open. The rain fell down and they flooded out all of the good news that i still thinks deserves to get some of its due. Lets accept the fact that the vast majority of the bad news stems directly from retail. What are the invisible positives . Amazingly, amazingly the market didnt seem to give a fig about an important takeover announcement. Suntori of japan, their acquisition of beam, yeah, jim beam for 16 billion. Thats a 25 premium for what it went out on friday. This deal illustrates so much of what i like about this market. Beams a spotlight ive been highlighting as a textbook breakup. It broke itself up in a couple different companies, most notably fortune brands, home and security and beam the liquor company. This was a classic situation where the parts were worth more than the whole, like so many other stocks out th
What the heck is going on here . All right. Last week i want over the developing problems of the stock market including retail worries, chinese slowdown and weaker employment. If you remember, i wasnt willing to dismiss that lousy jobs number that we got friday as easily as others. I said the clouds are upon us. Then today, the clouds burst open. The rain fell down and they flooded out all of the good news that i still thinks deserves to get some of its due. Lets accept the fact that the bad news stems directly from retail. What are the invisible positives. Amazingly, amazingly the market didnt seem to give a fig about an important takeover announcement. Their acquisition to beam, yeah, jim beam for 16 billion. Thats a 25 premium for what it went out on friday. This deal illustrates so much of what i like about this market. Beams a spotlight ive been highlighting as a textbook breakup. It broke itself up in a couple different companies. Fortune brands, home and security and beam the li
Bank on geary. The agency is looking for a second robber dubbing this man up close bandit because of the clarity of the security video. So far, he hasnt been as violent as high jumpers. Hes simulating as if he had a weapon. He never displays the weapon. And if not mistaken, he utilized a note. The fbi says since october theyve]t had 160 robberies in the San Francisco jurisdiction not that is from oregon border an increase from same time last year. Theyve seen a pattern developing in these robberies not only in the commercial districts but in shopping centers. Napa county sheriffs deputy was in the right place when a robbery went down today. A man just robbed a bank in nappa. An alert went out giving officers a description. A sheriffs deputy was leaving a restaurant saw the suspects and made at rests. Unions representing ac transit workers say theyre preparing to walk off the job. Nick smith is Live Management working to avoid that strike. That special meeting is scheduled to happen wit
H&R Block, Inc. (NYSE:HRB) Q1 2024 Earnings Call Transcript November 7, 2023 H&R Block, Inc. beats earnings expectations. Reported EPS is $-1.05, expectations were $-1.13. Operator: Thank you for standing by, and welcome to H&R Block’s First Quarter Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After […]