Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

shrinking middle class

Grocery WarsLong Ideas

Costco Defies the Odds

Costco has one thing in common with Amazon, it is a very cash rich company. On February 28, 2017 it reported $4.976 billion in cash from operations, $2.384 billion in in net income and $5.965 billion in cash and short-term investments. This was in spite of a free cash flow of -$23 million and a profit margin of 1.73%.

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Grocery WarsLong Ideas

What Went Wrong at Target?

The latest earnings figures show us that Target has suffered two straight quarters of revenue losses; fourth 2015 and first 2016. During that’s period its revenue has declined by $1.05 billion. The decline is not only large it is accelerating.

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