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 ...
Morningstar Credit Ratings Assigns Preliminary Ratings for SFAVE Commercial Mortgage Securities Trust 2015-5AVE, Commercial Mortgage Pass-Through Certificates, Series 2015-5AVE (SFAVE 2015-5AVE)
Cala Corporation Letter to Shareholders
Macy's Weighs Off-Price Version of Namesake Stores---Update
Nordstrom Rack Expands Growth In Upstate New York
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.
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.