Saturday, April 12, 2008

careening toward the end

Margaret Brennan, CNBC, on why retail stocks are not down, despite the drop in March sales:
Brean Associates' Eric Beder says it may be the 'end of the beginning' in terms of retail disappointments. Stores may get better in managing down expectations and in cutting back on inventory. They'll also gain an extra shopping day in April and benefit from an easier comparison year over year.
now isn't it interesting that all these intelligent people reading stock reports, income reports, income estimates, P/E ratios etc. can be conned by an extra day in April 08?!
I keep reading up on retail stocks to see if there is one I would consider buying to diversify my portfolio.

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