A humorous look at the companies that caught our eye, for better or worse, this week
Lululemon Athletica
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Ways to get drenched in sweat: 1) Go to a hot yoga class wearing a parka and leg warmers; 2) Buy shares of yoga wear retailer Lululemon LLL-T. Investors were perspiring heavily after Jefferies & Co. downgraded Lululemon to “underperform,” saying the company is building inventories just when the U.S. retail industry is slowing. |
Toronto-Dominion Bank
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Grumpy old man #1: The amount of money banks make these days – sickening! Grumpy old man #2: I agree. TD TD-T made $1.2-billion in the third quarter – obscene! Grumpy old man #1: That's it. I'm calling my broker. Grumpy old man #2: Me too. |
Burger King Holdings
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The wife said she wanted me to treat her like royalty on our anniversary. “I've got just the place,” I said. “Burger King BKC-N.” Shareholders of the No. 2 burger chain are celebrating, too, after the company agreed to a $3.3-billion (U.S.) buyout offer from 3G Capital of New York. |
Research In Motion
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Lies your broker told you: 1) “Technology bubble? That's the silliest thing I've ever heard.” 2) “I liked Nortel at $100. I love it at $50.” 3) “Nobody can compete with RIM RIM-TSX in the corporate market.” Actually, yes they can. Shares of the BlackBerry maker sank after a Sanford C. Bernstein survey showed more companies are switching to the iPhone and other rival handsets. |
Collective Brands
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Take an old sneaker, place it over your nose, and inhale deeply. Now you know how shareholders of Collective Brands PSS-N feel. The company that operates Payless ShoeSource posted stinky second-quarter results, hurt by heavy discounting of sandals and weak consumer spending. But look on the bright side: Investors can pay less for the stock. |
