A humorous look at the companies that caught our eye, for better or worse, this week
The online travel agent’s ticket symbol, OWW, represented the pain shareholders felt as the stock was cut in half in 2012. That was then. Maybe Orbitz should change it to POW or maybe even WOW – shares hit a 52-week high and have nearly tripled since November. It’s still a long way from joining the DOW, though.
Dick's Sporting Goods
The first casualty of Lance Armstrong’s deception was the truth. The second was cycling. And the third, apparently, was Dick’s Sporting Goods. Analysts expecting a solid quarter were surprised when the retailer said it couldn’t sell its “LiveStrong” brand treadmills last quarter. Maybe if they changed the name to “LieStrong.”
Shutterstock is finding profits through its vast collection of photographs that can be used – for a fee, of course – in advertisements, online, in magazines, and so on. And no, you are not guaranteed similar riches for digging out the Kodachrome slides that have been in the hall closet since the 1960s and calling it a “library.”
It’s a new record for the Dow! Again! And the S&P 500 is approaching an all-time high! U.S. stocks rock! Canadian equities, not so much. Oh, well. At least we have new highs in housing prices to make us feel wealthy. Wait, what?
A St. Patrick’s Day limerick:
There once was a bank too big to fail
That stumbled from trades by ‘The Whale’
Then Congress got cranky
About JPMorgan’s hanky-panky
Yet its executives seem too lucky to jail.