News on Stocks in Our Portfolios courtesy of
Seeking Alpha
Coca-Cola (KO):
Q4 EPS of $0.45 beats by $0.01. Revenue of
$11.45B (+4% Y/Y) misses by $0.1B.
Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers down 2.5% versus the prior week but up 2.1% versus the comparable
period last year; Redbook Research reported month tot date retail chain store
sales up 1.1% versus the similar timeframe a month ago and up 2.4% on a year
over year basis.
The
US
Weekly mortgage
applications fell 6.4% while purchase applications dropped 10.0%.
Other
‘Covenant
lite’ loans hit new high (short and a must read):
EBITDA
growth is slowing globally (short):
Yet
another example of why we can’t believe the banks regarding their financial
position (short):
http://www.zerohedge.com/news/2013-02-12/how-rookie-excel-error-led-jpmorgan-misreport-its-var-years
Politics
Domestic
CBO report on
the growth on means tested social programs (medium):
George
Will on too big to fail (medium):
International
Obama’s
Benghazi
War and unrest---for those who enjoy
being depressed (medium):
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