Steve Eisman is not a name that many casual investors will recognize as readily as Warren Buffett or even Carl Icahn. Mention that he was the lead character in the movie “The Big Short” however, and you will get a strong flicker of recognition. Eisman will be forever immortalized as the protagonist of The Big … Continue reading Steve Eisman: What Calls Has The Big Short Investor Made Since the Financial Crisis?
This piece is a continuation on our series keeping tabs on classic retail chains as they unfortunately fade into the rearview. This list is solely for full line Sears stores, Sears Grand, Sears Appliance & Mattress, and Sears Home Life stores. This list does not include owner operated Sears Hometown Stores. As of June 29, … Continue reading How Many Sears Stores Are Left?
Post last updated July 8, 2020. According to JCPenney's official website, there are 846 remaining locations, but the company announced a list of 154 stores closing on June 6, 2020 in the wake of their Chapter 11 bankruptcy filing in May 2020. On June 23, 2020, it was announced another 13 stores will close. On … Continue reading How many JCPenney stores are left?
Photo: BroStocks Media. I was doing my biweekly grocery pick up when I saw a rather striking site across the plaza, an empty Chuck E. Cheese's parking lot with big writing on the windows: $5 PIZZA. It was in that tacky writing you see on the back of a midsize SUV or minivan that says … Continue reading Adjusting to the New Reality: Chuck E. Cheese in the COVID-19 Era
At BroStocks we have a soft spot for the classic retail chains that played a big part in our childhood memories. This is the first in a multipart series in tracking the remaining open locations of the classic and troubled traditional retail chains that are marching on during the age of Amazon and e-commerce. You … Continue reading How many Kmarts are left in the United States?
In a recent post, we talked about the difference between investors and traders, and everything in this post will apply to investors. That is to say, the content of this post applies to people interested in a longer term position in stocks of three or more years. With the historic bull run that the United … Continue reading What are Inferior Goods? 2 Stocks with Potential Durability for a Recession (or Depression)
Are you a trader or an investor? If you’re new to the stock market this question might seem trivial, but it’s important that you’re clear on the distinction. Many investors make mistakes by taking on the behavior of traders, and many traders often lose money when mistakenly acting like investors. Investors enter positions for long-term … Continue reading Seven Key Differences Between Investors and Traders
"You keep saying propping up zombie companies...are you arguing to let airlines, for example, fail?""Yes."A stunned Scott Wapner, a longtime CNBC host, stammers and stutters..."why? How does that make sense in the broader scheme of the economy?" "This is a lie that has been purported by Wall Street, when a company fails it does not … Continue reading Why Chamath Pailhapitiya says we should “let companies fail” during Coronavirus
Update: On April 7, 2020, NASDAQ halted trading of Luckin Coffee (LK) indefinitely.Update: On May 11, 2020, Luckin Coffee's Board fired CEO Jenny Qian Zhiya, and COO Jian Liu.Driven by a tech savvy strategy combined with efficiently laid out stores, Luckin Coffee went from a concept in late 2017 to having more store locations in … Continue reading What happened to Luckin Coffee? A big blow in its attempt to knock off Starbucks in China
In the wake of negative United States economic news this month, there's been a lot of talk about stock buybacks. The controversy is this: should major companies that have been buying back their own stocks as a means to prop up their share prices and give back to investors during the long bull run be … Continue reading Why Are Stock Buybacks Bad?