That Dude Who Got Creamed Shorting Netflix? He’s at it Again With Lululemon
Does Whitney Tilson’s short position on Lululemon Athletica (LULU) shares mean he’s once again found a hugely profitable play that other hedge fund managers have missed? Or is this another Netflix (NFLX) debacle in the making?
Tilson showed up on CNBC Friday dissing a handful of stocks he’s currently shorting, including athletic fashion maker Lululemon. We heard him talking similar smack about Lululemon shares when his T2 Partners was short the company back in April 2010. And while we don’t know what exactly became of those early positions, we do know that investors who held Lululemon shares instead of shorting them during the time since mostly made a ton of money: Lululemon’s up over 500%.
Bets on Dell's Turnaround Strategy Just Got Less Expensive; Forward PE at 8.2
Dell's (DELL) stock is taking a beating after it disappointed the market with weak fiscal fourth-quarter earnings and, more importantly, a relatively bleak sales outlook for the current fiscal first quarter.
YCHART OF THE DAY: Growth Obsessed? Laggard Wal-Mart’s Nice Margins vs. Amazon’s Unprofitable Growth
Can Microsoft -- Already at 52-Week High – Turn Bing Growth into Profits?
Is Microsoft (MSFT), trading at a 52-week high, still inexpensive? Depends in part on your opinion of Bing.
The software giant's fledgling search engine finally broke into the No. 2 spot behind industry leader Google (GOOG) at the end of last year, and increased its lead over No. 3 Yahoo! (YHOO) in January, according to comScore.
Bing's marketshare was 15.2% in January, up from 15.1% in December, while Yahoo was going the other way. It's share was 14.15% in January down from 14.5% in December. In January 2011, Bing had only 13.1% of the market compared with Yahoo's 16.1%. Google remains miles ahead at 66.2% in January 2012, up from 65.9% in December 2011.
Turning Bing’s market share growth into profits – or at least smaller losses – would help Microsoft’s bottom line. Losses were more than $2.4 billion on Bing and related online services in calendar 2011.
Microsoft has seen some of its success in Bing reflected in its stock price over the past year, where it's outpaced its two other search rivals plus Hewlett-Packard (HPQ) and Oracle (ORCL).
“Don’t They Know I’m Eddie Lampert?” “Next Buffett” Sells Positions Amid Report of Client Redemptions
Eddie Lampert, once treated to a BusinessWeek cover story headlined, “The Next Warren Buffett?” was all about selling in the fourth quarter of 2011, dumping both long-held and newly acquired stocks, amid a report of client redemptions.
Bloomberg reported that weakness in Lampert’s main investment, Sears Holdings (SHLD), hurt his performance and drove some investors to cash out.
Lampert sold almost 70% of his holding in AutoZone (AZO), or about 6 million shares, leaving him 3 million shares in the auto parts company.
He also dumped 7.4 million shares of AutoNation (AN).
Over the past five years, both stocks had enjoyed a strong run, although AutoZone dwarfed the gains of its sibling.
Abusive Relationships: Apple is No Sweetheart to AT&T, Verizon and Sprint
Who’s getting the better of this partnership?
YTD, Two Hot Tech Stocks are ATM Makers; 3% Dividend Yield vs. Prudent Diversification
By the looks of the share prices lately, one might think ATMs are the hottest technology going. Here are the gains in recent weeks for shares of NCR Corp. (NCR) and Diebold (DBD), the two largest sellers of teller machines and the services that keep them running, and year-to-date they smoked Apple (AAPL) and a resurgent Microsoft (MSFT).
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- CEO & Publisher Shawn Carpenter
- Editor Jeff Bailey
- Contributing Editors Brett Chase, Jim Miller, Dee Gill
- Quantative Analysts J. Stuart Kruse, Nathan Pinger
