Brother, Can You Spare 99 Cents?


	Brother, Can You Spare 99 Cents?

BobbyDelray

2-6-2009 8:16 AM

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tags:

retail, investing, contrarian

BobbyDelray says:

Contrarian investors might want to give this some thought.

1 Comment |

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2-8-2009 3:19 AM

balthazarus

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/269f23ff-edf7-4b4d-854d-45c69c704f83/D784C4E8-00C0-4227-B211-97DC0855034A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/marketbeat/2009/02/05/brother-can-you-spare-99-cents/" href="http://blogs.wsj.com/marketbeat/2009/02/05/brother-can-you-spare-99-cents/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2009/02/05/brother-can-you-spare-99-cents/"><P>Call it the Depression trade. The pockets of strength in retail stocks steadily empty, until even <A href="http://online.wsj.com/quotes/main.html?symbol=fdo&type=djn&mod=WSJBlog"><STRONG>Family Dollar Stores</STRONG></A> and <A href="http://online.wsj.com/quotes/main.html?symbol=DLTR&type=djn&mod=WSJBlog"><STRONG>Dollar Tree</STRONG></A> Inc. are considered overvalued.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2009/02/05/brother-can-you-spare-99-cents/"><P>Retailers “continue to underperform, and if the market’s vulnerable (they) will possibly still lead on the down side,” said Steven Goldman, market strategist at Weeden & Co. “It may continue to lag (even) on rebounds until there’s an anticipation of a bottom in housing prices. With the dire straits of unemployment (and) savings increasing, spending is still not there.” </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2009/02/05/brother-can-you-spare-99-cents/"><P>Now, traders are exhibiting fears that shoppers will balk at prices in Family Dollar, which cut its gains to 2% for the year-to-date after rival Dollar Tree reported fourth-quarter sales below analysts’ estimates.  </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2009/02/05/brother-can-you-spare-99-cents/">The <A href="http://online.wsj.com/quotes/main.html?symbol=XLY&type=djn&mod=WSJBlog">Consumer Discretionary Select Sector SPDR</A> is down 12% at $19.09 for 2009 and is likely to wallow around these levels for some time, said Mr. Wilson. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D784C4E8-00C0-4227-B211-97DC0855034A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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