Among the earnings stories for Tuesday, March 2, from AP Financial News: -- Staples Inc., the largest U.S. office supply retailer, said sales to both consumers and small businesses improved in the fourth quarter but gave a 2010 outlook that disappointed investors.
Shares of Haverty Furniture Cos. soared to a new 52-week high Tuesday after the furniture retailer returned to a fourth-quarter profit on increased sales and lower expenses.
HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) today reported its results of operations for the quarter and the year ended December 31, 2009. Fourth Quarter 2009 Sales for the fourth 2010 03 01 17:10
Havertys Announces Clarence H. Ridley, Chairman, Will Retire in May 2010 After Serving on the Company's Board of Directors for 31 YearsPR NewswireATLANTA, Feb. 17ATLANTA, Feb. 17 2010 02 17 15:33
Goldman Sachs is out with its latest hedge fund trend monitor report and tit has highlighted some key takeaways from the slew of fourth quarter SEC filings and portfolio disclosures. Focusing on hedge fund exposure to equities, Goldman notes a broad trend of rotation into industrials and out of information technology. Goldman interestingly notes that this is the first time since 2005 that hedge funds are underweight IT.
First Coverage Sell-Side Sentiment declined last week by the largest percentage since this rally began in early March., dropping 1.7%. The conundrum facing those of us that follow this indicator is that for the last two years we have labelled any week over week move greater than 2.0% as ‘significant’. So, the question for those that are eager to sell this market short today is…what’s 0.3% matter in the scheme of things? We’ll get to that in a minute.
In a recent edition of Value Investor Insight, Wil Harkey of Nantahala Capital explained why his firm is short Haverty Furniture (HVT). Key excerpts follow:
Turning to a short idea, what’s the bear case for Haverty Furniture [HVT]?
As discretionary consumer spending gets squeezed, Audit Integrity expects companies in the sector with poor corporate governance characteristics to perform worse than those that are more transparently and conservatively managed.
Ironically, consumer companies that have scored low on Audit Integrity’s corporate governance rankings have outperformed the top rank group over the past year.
There is a commonly told myth that says that companies that pay a dividend misallocate funds that could be used to generate new revenue or grow the company. According to this myth the lack of growth in the company will keep the stock's price low over the short and long term. This is the most fascinating misconception that exists about dividend paying companies. The theory seemingly makes sense, yet after critical examination, the truth comes out.
The following is the performance of Dividend Achievers in the last year from August 8, 2007 until August...
On July 14, The Wall Street Transcript interviewed John E. Deysher, President of Bertolet Capital LLC, on deep discount value investing. Key excerpts, including his stock picks, follow:
TWST: What are some of the bargains that you purchased over the last year that fit your criteria and the reasons why you were attracted to them? Mr. Deysher: Most recently we've been active in two Southern California ethnic banks, both Korean-American banks. Both have trade exposure to the Far East which continues to grow. One is Center Financial (CLFC) with a...
Traders watch earnings announcements keenly, as changes in a company's financials can be a good indication whether a company is on the right track, or headed the wrong way. Haverty Furniture ...
Cost Plus, Inc. (NASDAQ:CPWM) is the 1st best-performing stock last week in this segment of the market. It was up 52.71% for the past week. Its price percentage change is 93.14% year-to-date ...
Kansas City Southern (KSU) railroad chief executive Michael Haverty said the company has had no talks about being acquired in the months since Warren Buffett purchased rival Burlington Northern ...
US stocks were up on Tuesday as the Dow Jones Industrial Average gained 0.18% to 10422, the S&P 500 rose 0.44% to 1121 and the Nasdaq Composite rose 0.50% to 2285. Bond insurer MBIA Inc.'s (NYSE ...
Havertys Furniture Cos.' (NYSE: HVT and HVT.A) net income for the fourth quarter ended Dec. 31 was $9.2 million, compared to a net loss of $9.3 million for the same quarter in 2008. Sales for the ...
Nu Horizons Electronics Corp. (NASDAQ: NUHC) 28% LOWER; announced today that Xilinx, Inc. has formally notified Nu Horizons of its intention to terminate its distribution agreement with Nu ...
By MarketWatch Atmel Corp. (NASDAQ:ATML) shares gained 7.5% after the manufacturer of computer chip components said workers approved the sale of a French factory. Energy stocks track gains in the ...
AP , 03.02.10, 11:29 AM EST ATLANTA -- Shares of Haverty Furniture Cos. soared to a new 52-week high Tuesday after the furniture retailer returned to a fourth-quarter profit on increased sales and ...
ATLANTA--(BUSINESS WIRE)--HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) today reported its results of operations for the quarter and the year ended December 31, 2009. Sales for the ...
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In a recent edition of 
As discretionary consumer spending gets squeezed, Audit Integrity expects companies in the sector with poor corporate governance characteristics to perform worse than those that are more transparently and conservatively managed.
