A humorous look at the companies that caught our eye, for better or worse, this week
“Furthermore, the steak tartare was seriously undercooked, as was the entire sushi platter …”
Sorry, I was just writing a restaurant review for Yelp, the consumer opinions website. As more people flock to the site, Yelp itself is garnering positive reviews – particularly from investors. The shares surged after the company cut its first-quarter loss in half and posted a bigger-than-expected jump in revenue, lifted by strong mobile ad sales.
“... As for the lobster claws – WAY too crunchy.”
Thanks to the proliferation of mobile devices, people can update their Facebook accounts anywhere, anytime – while crossing a busy street, operating a forklift or bringing a 747 in for a landing, for example. And that’s great for Facebook, whose mobile revenue surged to about 30 per cent of its total ad dollars in the latest quarter, up from essentially zero a year ago. Forget photos of the family dog; investors are uploading pics of Facebook’s recovering stock chart.
Wife: “Honey, our credit card balance this month is $17,561.73.”
Husband: “What?! We can’t possibly pay that off!”
Wife: “I know, that’s why I got us these.”
Husband: “Two more VISA cards to pay off the balance on the other two cards?! Brilliant!”
Wife: “Now you know why VISA’s second-quarter earnings beat estimates.”
Money-saving tip No. 437. Instead of buying soft drinks, mix 10 teaspoons of sugar into a glass of tap water and enjoy!
Here’s another way to save your cash: Avoid investing in beverage maker Cott. Citing weak volumes and a general decline in the carbonated soft drinks category, the company posted a 4-per-cent drop in first-quarter revenue. With profit tumbling to zero from $6-million a year earlier, shareholders are drowning their sorrows with harder stuff.
Investing in Loblaw used to be about as much fun as dropping a can of President’s Choice diced tomatoes on your big toe. But now, it’s more enjoyable than devouring an entire bag of PC Decadent chocolate chip cookies. With Canada’s biggest grocer posting a 40-per-cent jump in first-quarter profit and raising its dividend for the second time in six months, investors are filling their shopping carts with stock.