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Target's Results: Now that's a "Miss"

7 Aug 8:39am
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Seems like only minutes after hitting the "publish" button on my Wal-Mart (WMT) post, Target (TGT) made my point. Target (TGT) today reported that its net retail sales for the four weeks ended August 2, 2008 increased 4.7 percent to $4,566 million from $4,363 million for the four weeks ended August 4, 2007. On this same basis, July comparable store sales declined 1.2 percent.“Our comparable store sales performance in July was near the low end of our -1% to +1% planned range,” said Gregg Stein...
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Wal-Mart "Missed"?

7 Aug 7:53am
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So, in June Wal-Mart (WMT) forecast July same store ales to rise 2% to 4%. Today they announced they came in at 3%, this is bad. Only on Wall St. Net sales grew 9.4% overall (Wal-Mart 6.7%, Sam's 7.7% and International Stores 17%). Not bad for a company selling $1 billion dollars a day of merchandise. "Walmart's clear price leadership position continues to meet the needs of our customers in a difficult economy," said Eduardo Castro-Wright, Walmart U.S. president and chief executive officer. "B...
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AutoNation 10-Q

7 Aug 7:38am
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These 10-Q's are a fountain of information. A look at AutoNation's (AN) today.NEW AUTO:Same store new vehicle revenue decreased $418.6 million or 16.2% for the three months ended June 30, 2008, and $654.1 million or 13.1% for the six months ended June 30, 2008, as compared to the same periods in 2007, primarily as a result of a continued challenging automotive retail environment, which resulted in decreased same store unit volume. Same store revenue per new vehicle retailed decreased 3.9% duri...
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Ackman's Pershing Amends Longs Drug Stores 13D

7 Aug 6:56am
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The applicable portions of the filing are below. As of August 7, 2008, as reflected in this Amendment No. 1, the Reporting Persons are reporting beneficial ownership on an aggregate basis of 3,137,659 shares of Common Stock (approximately 8.8% of the outstanding shares of Common Stock). The Reporting Persons also have economic exposure to approximately 4,540,896 notional shares of Common Stock under certain cash-settled total return swaps (“Swaps”), bringing their total economic exposure to 7,...
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If A Greenspan Talks on TV, Does Anyone Listen?

7 Aug 5:44am
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Remember when Greenspan first started making recession predictions and the immediate reaction of the markets? Now? Nothing Recently Alan G. was on CNBC running his mouth again about the odds of recession. Video:Remember last year when Alan was playing Vegas oddsmaker with the US' chances of recession?Then came his defense of his record in April of this year.Why didn't Alan just stick to analysis of the current conditions? When you start placing percentages of possibilities on the table and ar...
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About

ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.

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