In August of 2007, then Federal Reserve Chairman Ben Bernanke told Congress that the subprime crisis would be contained. We went on to have the Great Financial Crisis GFC), of which the subprime crisis was just one cockroach. Now we’re facing another financial crisis- potentially worse than the GFC- caused by another 15 years or […]
Seattle’s main airport is surrounded by communities and has grown like a weed right along with the Seattle metropolitan area. It has no practical way to expand. Through recent technology and some clever evolution of facilities the airport authority is doing everything it can to shoehorn more passengers and flights into the same space. But […]
It started in May of 1984 when Continental Illinois Bank failed. And was rescued. People were saved from having made a bad investment. So much for moral hazard- the idea that investing is a risk, which has evolved to be not the case in “too big to fail” companies. We know what happened. More and […]
You haven’t heard from me much. Spent the last few months trying to figure out just how I could be useful to the industry. I decided it wasn’t by analyzing publicly traded company filings. Truth be told, that wasn’t fun for me anymore. I also think covid/masks/lockdowns/caution changed my behavior. Permanently? Don’t know. How about […]
I’ve used this before. But I want to use it again; it’s increasingly relevant and I can give credit to the person who came up with it. There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. […]
It wasn’t that long ago (actually it was, I’m afraid) when I reported, in a somewhat sarcastic tone, about Quiksilver trying to sell surf trunks in vending machines at resorts. This was before their bankruptcy filing. I thought that if they were highlighting this effort in a conference call, they were really struggling to find […]
The first thing to remember as we review Kathmandu’s half year results is the timing of the Rip Curl acquisition. The acquisition was completed 31 October 2019. It’s included in Kathmandu’s numbers for the full six months of the period ended 31 January 2021 but for only three months during the prior period’s six months. […]
You’d think I’d be getting used to it, but I still find myself surprised when another one of our industry’s public companies reports a strong quarter or, in this case, year. The reasons are tending to be similar across reporting companies; higher gross margin, customer lust to get outdoors, ecommerce growth, expense reductions, government help […]
When revenues rise 60.3% (from $77.8 to $124.8 million- Australian dollars of course) and net profit is up 292.9% from $3.9 to $15.3 million for the six months ended December 2020 compared to the same period in the prior year, I’m not left with much to analyze. That’s especially true with Globe. As a public […]
Deckers produced a strong result in their quarter ended December 31. I guess either because or in spite of covid. Probably both. Which is an interesting thing to say and I’ll have to explain it. Revenue rose 14.8% from $938.7 million in last year’s quarter (LYQ) to $1.078 billion in this year’s. The gross margin […]
