A humorous look at the companies that caught our eye, for better or worse, this week
Lululemon’s workout pants may make your butt look good, but there was no disguising the ugly selloff in the stock this week. The Vancouver-based company said its inventories were up sharply compared with a year earlier and unveiled a disappointing full-year outlook, stoking fears that its torrid growth may be slowing. “We are exactly where we want to be,” CEO Christine Day assured analysts and investors, but the rip in the share price tells another story.
You’ve tried putting nails in your mattress, blasting music all night long and drinking seven or eight cups of coffee right before bed. Yet you still sleep like a baby every night. Now there’s a cure for sound sleepers everywhere – Tempur-Pedic’s stock. The maker of foam-based mattresses slashed its 2012 sales and profit forecasts because of stiff competition in the specialty bedding market, causing investors to wake up screaming in the middle of the night.
All that glitters is not gold Often have you heard that told Take a look at Barrick Gold Whose CEO, he just got rolled Because the stock was full of mould
Not content with opening three or four coffee shops on every major city block, Starbucks is now planning to sell its already ubiquitous beverages through thousands of vending machines across the United States. In a five-year deal with Coinstar – better known for its DVD rental boxes – the java retailer will offer its Seattle’s Best Coffee brew at kiosks in supermarkets, drugstores and mass merchants. Coming soon: The surgically implanted Starbucks coffee IV drip system.
“Yo, Royal and TD. Just curious: How much did you raise your dividends this quarter? Oh, that’s right. You didn’t. How about you, Scotia, BMO and CIBC? Any dividend increases? Didn’t think so. Big Five, Big Schmive. You guys up there in your shiny towers, you wanna see some dividend increases? We raised our dividend four times in the past 18 months – including a 4.4-per-cent increase this week. That’s how you do it. Punks!”