SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
didn't get respect after such a beautiful qtr - doin' the mon-back!
77.58
-11.38%
07/06/06
value play - has 10m share buyback (7% of float) - will cushion stock before it rallies again
71.30
-18.55%
08/02/06
according to NY Times a big market exist for refurbishing homes to sell them - 60% of FO's business is in that sector - just reported upside surprise - but stock has been punished because of weakness in the housing market - the market is wrong - a cyclical you want to own now - because when Uncle Ben cuts rates all the cyclicals "be jumpin'"
72.89
-16.74%
01/16/08
want to hear from the co why it's at a 52 wk low
67.63
-22.74%
02/07/08
had poor qtr - new CEO interviewed: co is spending for future growth - can't comment on Absolut acquisition - Cramer says to sit on the sidelines for now until housing improves
65.88
-24.74%
05/14/08
CEO interviewed: gaining share in the remodeling market (67% of the overall housing mkt) because of new product introduction - investing to take brands international (now 40% of revs) - believe in organic growth but could look at acquisitions - don't see gross margin pressure in spirits - can raise prices to offset increasing costs - growing "boomer" population will help golf product sales - golf is also growing rapidly in Korea & Japan - Cramer says the stock will move fast when there is home price stabilization
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