A humorous look at the companies that caught our eye, for better or worse, this week
Hudson's Bay Co.
Dec. 13 close: $18.45,
down $1.64 or 8.2% over week
When I was a boy, my parents would take me downtown to see the Christmas windows at the Bay. I still feel badly about throwing that rock.
Hudson’s Bay shareholders have their own problems to deal with: The shares skidded after the retailer posted adjusted third-quarter earnings of 7 cents a share, missing the average estimate of 10 cents. Analysts are lobbing downgrades at the stock.
Dec. 13 close: $787.97 (U.S.),
up $29.50 or 3.9% over week
Worried you won’t be able to pay off your bloated credit card balance after the holidays? Look on the bright side: Every purchase you make is helping the needy shareholders of MasterCard. Already up more than 50 per cent this year, the shares hit new highs after the company declared a 10-for-one stock split, hiked its dividend and announced a $3.5-billion buyback. Investors’ pockets are jing-jing-jingling.
Dec. 13 close: $3.64,
down 47 cents or 11.4% over week
Silver and gold, silver and gold
Means so much more when I see
Silver and gold decorations
On every Christmas tree.
And Iamgold shares meant so much more to investors before the company eliminated its dividend to conserve cash.
Dec. 13 close: $59 (U.S.),
up $14.05 or 31.3% over week
Number of monthly active Twitter users: 230 million.
Number of tweets sent each day: 500 million.
Amount of money Twitter lost in the first nine months of 2013: $133.9-million.
Judging by the sharp rise in the stock since its IPO at $26 in November, investors aren’t letting a little thing like a lack of profits get in the way of a good story – especially now that Twitter plans to get more aggressive with ads.
Dec. 13 close: $59.20 (U.S.),
down $10.84 or 15.4% over week
Shareholders of yoga wear retailer Lululemon are in need of some deep-breathing exercises right now. Fresh from announcing the departure of chairman Chip Wilson and naming new CEO Laurent Potdevin, the company warned that same-store sales will be flat in the fourth quarter and said profit will miss analyst estimates. With Lululemon’s problems mounting, the stock has twisted itself into a painful pose.