A humorous look at the companies that caught our eye, for better or worse, this week
Hey, how’d you afford that rock on her finger? Why, investing in jewellery retailer Zale, of course. The shares have tripled in the past six months after the company posted its first annual profit in five years. Investors must think this stock is more diamond than cubic zirconia.
Aug. 30 close: $12.51 (U.S.), up $3.52 or 39.2% over week
Missing earning expectations in the first quarter as a public company? A whale of a problem, SeaWorld. The company reported its soggy numbers earlier this month, but the shares kept heading underwater this week. This company needs a little Sha-zam! to go with its Shamu.
Aug. 30 close: $29.93 (U.S.), down $3.36 or 10.1% over week
Was Couche-Tard’s purchase of Norway’s Statoil Fuel & Retail risky? What a lutefisk suggestion! The Quebec convenience-store operator more than doubled its profits thanks to its new addition. Now, perhaps investors will have a little lefse to worry about.
Aug. 30 close: $60.74, up $2.16 or 3.7% over week
Thursday morning, I recommended Krispy Kreme shares in Globe Investor’s VOX column, saying the company “seems to be doing just about everything right.” Thursday afternoon, the company missed earnings expectations. Friday, the stock got Kremed. I need to eat crow – or maybe a box of Timbits.
Aug. 30 close: $19.72 (U.S.), down $2.88 or 12.7% over week
Gold prices are heading back up! Analysts are growing bullish! And the stocks of resource companies … in the toilet again. The frustrating disconnect between the metal and its miners continued this week. Imagine what the stocks would do if gold went down. Oh, wait – you don’t have to.
Aug. 30 close: $6.32, down 74¢ or 10.5% over week