Nordstrom Beats The Street
First the consensus;
Analysts polled by FactSet Research had expected the department store chain to post a profit, on average, of 26 cents a share on sales of $1.71 billion.
Drum roll………..
Thursday reported a first-quarter profit of $81 million, or 37 cents a share,
But ladies and gentlemen, it gets even better as they up their guidance for 2009;
Nordstrom said it expects to report a 2009 profit of $1.25 to $1.50 a share, up from a range of $1.10 to $1.40 a share. Wall Street previously forecast earnings of $1.25 a share.
I am all for giving credit where credit is due, but I know where credit is not due.
If the GOP can not get its act together to give credit to the waning days of the Bush Administration, the Obama Administration is going to take all the credit.
I saw it happen in 1992 and history is indeed repeating itself.
Bush (41) planted the seeds of recovery that were harvested by Clinton.
Bush (43) also planted the seeds of recovery, but who will harvest the crop?
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May 14th, 2009 at 3:09 pm
Sorry to post off topic right off, but….
I hope Pelosi stays in congress. She is such a great poster girl for libs: spastic, incoherent, hateful, and most of all dishonest. Keeping her flailing in the wind and in public is great for the republicans to run against – if they can take advantage of it.
May 14th, 2009 at 3:25 pm
I’m probably the only one who has been following these guys but…
Motorhome diaries crew all arrested.
May 14th, 2009 at 3:28 pm
Official Rachael Maddow guest list for tonight
• Charles Duelfer, former chief of the Iraq Survey Group
• Robert Windrem, senior research fellow at NYU and contributor to The Daily Beast
• Chris Cillizza, columnist, The Fix, Washington Post
• Doctor Rand Paul, son of Congressman Ron Paul
• Zach Stovall, staff reporter and Web content editor, Arkansas News Bureau
May 14th, 2009 at 3:33 pm
Here’s the hard part. How does the GOP get the mainstream media to report it when the news outlets will absolutely refuse to do it? Only Fox News will get it right, as will the radio pundits. But, the 6′oclock news idiots will only attempt to silence any good news towards the GOP. How do you force them to tell the truth?
You can’t.
If you look at digg.com, you find the same type of mentality. Bury any news of anything the GOP does that is good (or liberals doing bad things), and “digg” any articles favorable to liberals. This is how the news outlets are today.
May 14th, 2009 at 3:35 pm
Parents brainwashing their children to sieg heil Obama.
May 14th, 2009 at 3:53 pm
America’s triple A rating is at risk
Long before the current financial crisis, nearly two years ago, a little-noticed cloud darkened the horizon for the US government. It was ignored. But now that shadow, in the form of a warning from a top credit rating agency that the nation risked losing its triple A rating if it did not start putting its finances in order, is coming back to haunt us.
That warning from Moody’s focused on the exploding healthcare and Social Security costs that threaten to engulf the federal government in debt over coming decades. The facts show we’re in even worse shape now, and there are signs that confidence in America’s ability to control its finances is eroding.
Prices have risen on credit default insurance on US government bonds, meaning it costs investors more to protect their investment in Treasury bonds against default than before the crisis hit. It even, briefly, cost more to buy protection on US government debt than on debt issued by McDonald’s. Another warning sign has come from across the Pacific, where the Chinese premier and the head of the People’s Bank of China have expressed concern about America’s longer-term credit worthiness and the value of the dollar.
May 14th, 2009 at 4:08 pm
Such a rosy outlook from Oak Leaf. Here is a CNN quote from May 2009:
“May 8th, 2009
U.S. unemployment rate goes up to 8.9 percent
Posted: 08:35 AM ET
WASHINGTON (CNN) — The U.S. unemployment rate rose to 8.9 percent in April, the federal government said Friday.
It’s the nation’s highest unemployment rate since September 1983.
The U.S. economy lost 539,000 jobs in April, the U.S. Labor Department said.”
So with unemployment at 8.9% Oak Leaaf thinks that the economy is improviing. I predict June’s unemployment rate will be higher. One can cherry pick an individual company doing well all you want, but on the whole the economy sucks right now.
May 14th, 2009 at 4:15 pm
Just curious, what is everyone’s opinion on at what interest rate does loan sharking begins and what an honest bank should charge?
May 14th, 2009 at 6:28 pm
Nordstroms sells lots of stuff made in China Oak.
May 14th, 2009 at 6:50 pm
Official Rand Paul 2010 site up
May 14th, 2009 at 6:55 pm
Oak Leaf can feel free to buy all the China products he wants since the country had another lead related recallL
http://www.chinaeconomicreview.com/dailybriefing/2009_03_19/Nordstrom_recalls_China-made_girls_shoes.html
May 14th, 2009 at 7:00 pm
Sorry to be off topic here people:
Acorso,
Why would you use the album cover of a MARXIST rock band that basically says that white people are the evil empire?
BTW….when I see Marxism and Ron Paul in the same context…well I think your skirt is showing.
Just asking….
May 14th, 2009 at 8:16 pm
Sweet! I’ll shop at Nordstrom’s after a nice dinner at Red Lobster…
Oh wait, I live in America and Obama President now!
I think I’ll go to Long John Silver’s on the way home from WalMart.
May 14th, 2009 at 8:27 pm
Nordstroms sells lots of stuff made in China Oak.
LOL That’s OK, Earl!
So Does GM!
Oak, for all his protestations, is still damn happy we have been wasting Billions down the Black Hole known as Detroit.
If He truly believed in the “American Worker” he would demand they be allowed to fail and let the American Auto Workers WHO ACTUALLY WORK here in the South not have to face Government Subsidized Competition.
But, he won’t. He continues on his meandering, nonsensical, and oddly hypocritical posts…
“It is a SIN to borrow money!” vs “Bailout Detroit with Cash we don’t have!” is the one that really raises my ire.
I would also say Oak was three months late and just as wrong on “The War in Iraq is LOST!”, but I still think Obama will figure out a way to snatch defeat from the jaws of victory.
[Gerry Owen, where we part company on Iraq is that I had no problem standing with my brothers and sisters and ridiculing an administration and chicken hawks for seeing nothing wrong with sending the same soldiers back into combat for the third, fourth and fifth time. You either treat Soldiers as men or you treat them as canon fodder. Three years into Iraq there was no excuse for multiple deployments, stop loss and individual ready reserve mobilizations. The ONLY reason for those measures was the failure of leadership which did not have the political guts to start drafting. Sides were drawn and I stood by the men that I have served with in Iraq and Afghanistan. You stood on the side of the politicians. I am proud that I stood where I did because when I deployed to Iraq for third tour (a full active duty tour, not TDY), I could look every soldier in the eye that was on the third, fourth and yes fifth full tour. Guess what, my love for my brothers overrides what I think of Arabs, chickenhawks, and Clintonian style nation building so much that I have been willing to leave my family to serve this Country on multiple occassions. And I do not do it for the damned money because to be frank, I lose money when I deploy and leave my business. OL]
May 15th, 2009 at 12:41 am
What to do with GM.
I have what I think is a good solution for solving the GM problem: sell it to Iran and North Korea. If the price were low enough, these two countries probably would bite. This would have huge advantages for the U.S.
If Iran and North Korea owned GM, they might well use it to manufacture their military vehicles. If this happened and the U.S. ever had to go to war against either of these two countries, it would be a cakewalk! As soon as Iran or North Korea tried to mobilize any of their armed forces, most of their motor vehicles and armor would immediately break down — that’s what happens to GM products.
My solution would appear to have huge strategic advantages for the U.S. military, as well as generate at least a little cash from an absolutely POS company.
May 15th, 2009 at 5:10 am
Oak Leaf:
You left out some imortant details on the Nordstrom’s performance
“Earlier this month, Nordstrom reported revenue fell 9.2% to $1.71 billion as same-store sales fell 13%, including a 17% drop at full-line stores.”
http://online.wsj.com/article/BT-CO-20090514-717959.html
I would classify your statements as being intellectually lazy.
Ken
Dallas
May 15th, 2009 at 5:27 am
Oak Leaf:
You missed the really good economic news about Macy’s.
” While Macy’s executives say they are seeing benefits from its restructuring efforts, business is still tough. Macy’s stuck with its forecast that fiscal 2009 sales will fall between 6 percent and 8 percent”
http://seattletimes.nwsource.com/html/businesstechnology/2009216306_apusearnsretail.html
Ken
Dallas
May 15th, 2009 at 5:38 am
Oak Leak:
I just can’t believe you missed the exceptional results from Neiman Marcus
“For the third quarter of its fiscal 2009 year, comparable revenue among its Specialty Retail Stores was down 27.1%, while Neiman Marcus Direct third quarter revenue fell 14.3%”
http://phx.corporate-ir.net/phoenix.zhtml?c=118113&p=irol-monthly2009
Hint: Don’t plan on starting a financial news letter.
Ken
Dallas
May 15th, 2009 at 5:46 am
You left out some imortant details
- This should not come as a surprise, the train wreck continues.
“All human situations have their inconveniences. We feel those of the present but neither see nor feel those of the future; and hence we often make troublesome changes without amendment, and frequently for the worse.”
May 15th, 2009 at 7:48 am
In the Second World War, Troops deployed for duration. Is it a blessing or curse that we split modern conflicts up into tours?
Would the conflicts end quicker if we didn’t rotate? Perhaps longer tours to begin with? Soldiers leaving are experienced, the ones coming in often are not or have been removed for a while and “rusty”. Isn’t that an endangerment as well? Green troops ARE more likely to make mistakes.
I would agree that we should have been expanding the active duty military, rather than expanding Government drug benefit programs and what not- we are supposedly in a conflict after all. That is/was a failure of the Bush Administration.
[This is the first War where two percent went to war and the rest went shopping. You of all people should know better. Look around you, would FDR have won WW2 doing it like this? The country did not go to war!! OL]
[Riddle me this. Why did Bush and his enablers, the neo-cons and chickenhawks REFUSE to mobilize the Nation and instead kept sending back the same people, why? I will tell you why, they are political cowards and did not want to risk the political repricusions of antagonizing the 98% that are doing squat. Pissing off and abusing 2% is a lot easier politically. OL]
May 15th, 2009 at 12:16 pm
Again, I agree the Military should have been expanded. It is a shame that it is the SAME families that keep putting up their sons and daughters to go. My family is one of them, although my brother talked his sons out of going.
Years ago, Army and Navy would get in scuffles at bars. Now the hang out and crack jokes- why? Because they realize they are different from those around them. They share a bond, they understand what those around them deny. I don’t understand it- the death of Honor and Patriotism in this country. Fewer and Fewer feel the call to duty. The Military is becoming more alienated from society at large, in some ways.
It is a cancer in our society I think.
May 15th, 2009 at 8:46 pm
No, until this year, you could always make more money in the private sector than in the service.
Plus, the army is so damn good and killing people and breaking things that there was really no need to have a big army, especially after the cold war ended, so it was said. Me, I’d have kept the big army. Better to have and not need, all that….
I think you will see the services expand now that the country has gone communist. There is no more private sector or soon won’t be, everyone will be government conractors or soldiers, or on the dole.
I think there will be wars and a draft. I think there will be secession, poverty, and civil war, and you need a big army for that too. Got to keep the serfs on the plantation, so everybody join the mercenary nation.
Good Times!
May 15th, 2009 at 8:52 pm
Oak, you didnt want to serve, why didnt you quit? why didnt the whole army quit?
Put your money where your mouth is, and quit.
The bottom line is life in the army sucks, because no matter how good a soldier you are, no matter how many enemies you kill and heroic deeds you perform, you’ll always be at the mercy of the politicians, who will sell your life or limbs for $50 or less to make themselves look good for a Sunday talk show.
you either sign up, and serve, or man up and resign. If there’s a draft you either obey it or resist it, but there’s no damn point crying about the soulless politicians that will sell you out whether youre an LTG or a private.
you want to see the iron be put to your fellow Americans? You’ll see it soon, when the country breaks up, and you can direct your troops against us from Obama’s side. Good luck to you.