Saks SKS announced plans to unload its last regional department store, Parisian, to Belk for $285 million in cash. The deal is scheduled to close in the third quarter of 2006, at which time we expect to hear more from management regarding their plans for the proceeds from the sale. While the price ...
5 things not to buy on Black Friday
It looks more like a high-quality regional bank than a credit card company.
Favorable conditions are in place for merger-arbitrage ETFs, including increasing M&A activity and the likelihood of higher interest rates.
We consider free cash flow, capital structures, cash usage, and attractive bonds.
Despite all the predicaments that arose during the first quarter, consumer spending continues and the market has been resilient.
Political, regulatory, and economic uncertainty conspire to keep growth stuck in neutral.
As macro headwinds mount, we would look for a larger valuation discount among consumer cyclical names.
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