Ticker Shock: Costco Still Safe Play; Harry Winston Only Temporarily Shiny Glenn Curtis Dec 11, 2008 1:00 pm |
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So my wife didn’t think we had enough Christmas lights outside, and surprised me with another string when I got home. I hooked the new ones up - and lo and behold, somehow another string went dead.
Guess who’s going be out there again tonight - and in the rain, no less? Honey, electricity and water don’t mix too well, do they?
One husband, served extra crispy - coming right up.
Asian markets rose as we slept. The Hang Seng and the Nikkei were both up under 1%. And Europe was showing me some green this morning as well. At present here in the US, we’re trading slightly higher.
Costco Wholesale (COST)
Excluding charges, it put up $0.65 per share, which was $0.03 north of estimates.
Long story short, I see the shares are taking a bit of a hit early on the session. However, I think the company is one of the safer plays in retail right now. I’d rather be here than, say, with some of the apparel or mall-based chains.
Given the consumer’s growing interest in saving money, I’m thinking the company will fare pretty well in the next few quarters.
Harry Winston (HWD)
In the period ended October 31st, it earned $1.17 a share. That number is a little less shiny when one considers that $0.80 of that came from a strong US dollar. In the comparable period last year, it put up a $0.13 per share loss.
From what I’m seeing, it looks like the stock received a pretty good goose after the open. If I were long, I’d probably use this as a chance to bail and move on to greener pastures. To its credit, however, it does sport an attractive dividend.
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Glenn Curtis has worked as a financial writer at a series of both web and print publications, including TheStreet.com/RealMoney.com, Worldlyinvestor.com, IndividualInvestor.com, Registered Rep Magazine and Advanced Trading Magazine.
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