Fools. Fools and tools. The entire stable at NR should be canned, starting with Lowry. They feed the Big Lie that the 'economy has turned the corner'. Like every other Wall Street suit, they want all of us shlubs to come running back to buy their mutual funds so they can collect nice fat brokerage fees.
A wise man once asked me, "Where are the customer's yachts?" Indeed.
We've been eating green shoots now for over four years. Give the Wun another four and we'll literally be eating green shoots. And bark. And peat bread like the Norks.
I had been investing in ammo, warm clothing and canned goods. I'm shifting into tar, pitchforks and rope.
Well, sales can be great, but if margins are lousy retailers are still screwed. Conversely, good margins can make up for poor sales. If both suck, however...