A humorous look at the companies that caught our eye, for better or worse, this week
Toronto sports fans have gotten used to long losing streaks. Now, it’s investors’ turn: Hammered by falling commodity prices and renewed worries about slowing global growth, the resource-heavy S&P/TSX composite index skidded for five consecutive days this week, racking up a loss of more than 400 points. At least things are looking up for the Leafs.
Netflix is a great investment – except for the fact that its content costs are soaring, competition is heating up and the stock trades at about 140 times this year’s estimated earnings. With media giant Time Warner throwing its hat into the video streaming ring this week – joining the likes of Hulu, Amazon and Verizon – shares of Netflix have skidded nearly 14 per cent per cent in the past seven sessions. This movie may not end well.
Analyst comments on Apple, April, 2012: “Astounding”; “They’re just destroying the competition internationally.”
Analyst comments on Apple, April, 2013: “The most recent product cycle has not driven the market share and new user growth we had anticipated”; “We no longer view Apple as a secular growth story.”
Right now, the only thing getting destroyed is Apple’s share price.
Fun: Getting a greeting card, along with a cheque for $10, from Grandma.
More fun: Getting a cheque for $878-million from investors who want to buy your greeting card company.
American Greetings, which has struggled as more people keep in touch via Facebook and e-mail, agreed to be taken private by members of the founding Weiss family in a sweetened offer that sent the shares to an 18-month high. Shareholders can afford to send Grandma money.
Lemme tellya something. You’re my bess friend. You know – hic – why? Member when you toll me to buy Molson Coors stock because I like drinking beer so much? Well, I bought it, an guess what? It went straight up. An this week Gomin Sachs raised it to “buy” an it hit a 52-week – hic – high. I feel like celebrating. Can you gimme a ride to the beer store?