The Week Ahead (4 March 2007)
Minyanville recently reported: “When the Dow closes below its December closing low in the first quarter, it is frequently an excellent warning sign. Jeffrey D. Saut, Managing Director of Research, and...
View ArticleTECD: Tech Data Earnings Confirm Tech Doldrums
Tech Data Reports Fourth-Quarter and Fiscal-Year 2007 Results: Financial News – Yahoo! Finance Net sales for the fourth quarter ended January 31, 2007, were $6.1 billion, an increase of 10.7 percent...
View ArticleCDWC: CDW’s Average Daily Sales Driven by Acquisition
After Dell reported a decline and Hewlett Packard, Ingram Micro and Tech Data all showed mid-single-digit gains, one might wonder whether CDW was taking market share after seeing this headline: CDW’s...
View ArticleTECD: Tech Data Wins Corporate Gibberish Award
In 1998 the U.S. Securities and Exchange Commission passed a rule requiring issuers to relate their business in plain english when issuing prospectuses. If they expected the spirit of the rule to be...
View ArticleThe Week Ahead (20 May 2007)
The economic calendar is light, with Durable Goods on Thursday being about the only significant report. Analog Devices (ADI) reports earnings on Tuesday. Consensus is $0.35 on $658 million in sales,...
View ArticleTECD: Tech Data – Too Much Meaningless Data
Tech Data Reports Fiscal 2008 First-Quarter Results: Net sales for the first quarter ended April 30, 2007 were $5.4 billion, an increase of 9.3 percent from $4.9 billion in the first quarter of fiscal...
View ArticleCDWC: CDW Results Suggest Businesses May Be Opening the Spending Taps
Earlier today I said “Other signs are pointing to the consumer slowdown extending beyond just housing-related stores. The consumer was the last leg in the economy’s stool, so businesses had better take...
View ArticleRoom for Cautious Optimism on Tech Spending
Key indicators for business spending include corporate profits and the cost of borrowing. Both have been favorable for years, yet businesses have focused more on cutting costs than on developing their...
View ArticleIM: Long Ingram, Short Tech Data Paired Trade Idea
My latest column is up at RealMoney. I think a long Ingram Micro (IM) and short Tech Data paired trade can take advantage of differences in valuation regardless of what happens next in business...
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