Luxury goods retailer Coach was severely punished by an earnings miss recently.Although net sales and earnings rose 4% on the year,they fell 2% in the US.The holiday season was challenging for the chain as competition has heated up from the likes of Michael Kors.
Kors is a relatively young enterprise in comparison to the more mature Coach.It has more potential for growth in the developed world.While Coach has more than 800 stores,Kors has only 237.Plus,the American designer's business is more diversified,selling clothing as well as shoes,handbags and accessories.It is better positioned to be a lifestyle brand.
On the other hand,Coach is concentrating on expanding Asian operations at the moment,which is capital intensive.Even so,margins are stable.Once those costs have been absorbed,the company stands to do well from emerging Asia and its upward mobility.
As well,the spending patterns of Asia are different.The Asian stores will prosper more at the Asian New Year season than at Christmas.That means the earnings for Q1 may be enhanced significantly.Wall Street docked Coach stock 15% in a knee jerk way,failing to take this subtlety into account.
In addition,Coach is paying a decent dividend of around 2.3%,while Kors is paying nothng.Coach's run may not be over after all.
Investor sentiment was 98% bullish for Kors on Monday,and neutral for Coach,according to MarketWatch.
Coach Inc(COH),Michael Kors Ltd(KORS)
Tuesday, January 29, 2013
Monday, January 28, 2013
The Washington Post Holds Mega Career Fair
The Washington Post is holding its Mega Career Fair on Tuesday,January 29 from 10am-3pm at
Dulles Expo and Conference Center
4320 Chantilly Shopping Center
Chantilly,VA 20151-4016
The three career fairs in one are
Engineering,Technology and Security Clearance
Nursing Therapy and Allied Health
Professional and General(all levels of experience)
Companies represented include
MITRE Corporation;Duke Energy;HCA Virginia Health System;Patient First;Verizon Wireless;Fairfax County Public Schools;ING Financial Partners;LSG Sky Chefs;Stratford University
Free resume seminars by Anointed Words.
If you cannot attend,resumes may be submitted to resume@expoexpertsllc.com
For more information,visit careerfairs@washingtonpost.com
Dulles Expo and Conference Center
4320 Chantilly Shopping Center
Chantilly,VA 20151-4016
The three career fairs in one are
Engineering,Technology and Security Clearance
Nursing Therapy and Allied Health
Professional and General(all levels of experience)
Companies represented include
MITRE Corporation;Duke Energy;HCA Virginia Health System;Patient First;Verizon Wireless;Fairfax County Public Schools;ING Financial Partners;LSG Sky Chefs;Stratford University
Free resume seminars by Anointed Words.
If you cannot attend,resumes may be submitted to resume@expoexpertsllc.com
For more information,visit careerfairs@washingtonpost.com
Saturday, January 26, 2013
Friday, January 25, 2013
GlaxoSmithKline Submits New Diabetes Treatment
On January 14,London-based GlaxoSmithKline,a leading pharmaceutical and health care company,submitted albiglutide BLA,an investigational once-weekly treatment for adult type 2 diabetes,to the FDA.The drug will also be submitted to the European Union in early 2013.
Albiglutide is a GLP-1 agonist,a biotech drug that is designed for once-weekly subcutaneous dosing.GLP-1 is a peptide,a short chain of amino acids, normally secreted from the gastrointestinal tract during eating which helps release insulin to help control blood sugar.GLP-1 secretion is absent or reduced in those with type 2 diabetes.
While GLP-1 rapidly degrades,the new treatment,albiglutide,has been engineered to have a longer duration of action.It is comprised of two copies of modified human GLP-1 fused in series to human albumin,a protein made by the liver,the company said.
Shares of GlaxoSmithKline closed flat at 44.83 in Thursday trading.
GlaxoSmithKline(GSK)
Albiglutide is a GLP-1 agonist,a biotech drug that is designed for once-weekly subcutaneous dosing.GLP-1 is a peptide,a short chain of amino acids, normally secreted from the gastrointestinal tract during eating which helps release insulin to help control blood sugar.GLP-1 secretion is absent or reduced in those with type 2 diabetes.
While GLP-1 rapidly degrades,the new treatment,albiglutide,has been engineered to have a longer duration of action.It is comprised of two copies of modified human GLP-1 fused in series to human albumin,a protein made by the liver,the company said.
Shares of GlaxoSmithKline closed flat at 44.83 in Thursday trading.
GlaxoSmithKline(GSK)
Tuesday, January 22, 2013
Should You Buy Homes Now
Now is the time to buy homes,said Mark Kiesel,manager of a PIMCO Investment Grade Corporate Bond Fund.There's a lot of pent-up demand for housing because rental prices are going up.A lot of the inventories are older.
Invest in building materials companies as well as construction.Timberland owner Weyerhaeuser gets 75% of its income from housing.Consider USG Corp. and Masco Corp.USG provides construction materials such as Sheetrock and Durock,while Masco offers building supplies,construction materials and contractor services.
Whirlpool gets 62% of its income from replacement,so remodeling benefits them.
Get into the emerging markets.We like to invest in 2-3 times the overall growth rate in fields such as gaming;gas distribution in China;and emerging markets banks.Brazil and Peru will see a lot of emerging markets growth.
Mr.Kiesel has an MBA from the University of Chicago Graduate School of Business.He is Morningstar's 2012 Fixed Income Manager of the Year.
Weyerhaeuser(WY),USG Corp.(USG),Masco Corp.(MAS),Whirlpool(WHR),PIMCO Investment Grade Corporate Bond Fund Instl(PIGIX)
Invest in building materials companies as well as construction.Timberland owner Weyerhaeuser gets 75% of its income from housing.Consider USG Corp. and Masco Corp.USG provides construction materials such as Sheetrock and Durock,while Masco offers building supplies,construction materials and contractor services.
Whirlpool gets 62% of its income from replacement,so remodeling benefits them.
Get into the emerging markets.We like to invest in 2-3 times the overall growth rate in fields such as gaming;gas distribution in China;and emerging markets banks.Brazil and Peru will see a lot of emerging markets growth.
Mr.Kiesel has an MBA from the University of Chicago Graduate School of Business.He is Morningstar's 2012 Fixed Income Manager of the Year.
Weyerhaeuser(WY),USG Corp.(USG),Masco Corp.(MAS),Whirlpool(WHR),PIMCO Investment Grade Corporate Bond Fund Instl(PIGIX)
Monday, January 21, 2013
Asia This Day:Russian Advances at Australian Open;Reliance India
At the Australian Open,the Grand Slam of the Asia-Pacific,Russian Svetlana Kuznetsova upset Dane Caroline Wozniacki 2-6,6-2,7-5 to advance to the quarter finals.Victoria Azarenka of Belarus also advanced,defeating Russian Elena Vesnina 6-1,6-1.
On Sunday,Serb Novak Djokovic defeated Swiss Stanislas Wawrinka in a 5-hour marathon match 1-6,7-5,6-4,6-7,12-10.It is being called one of the best Australia Open matches in history.
American Serena Williams will be playing Russian Maria Kirilenko for another quarter final berth today.
All US men and Australians have been eliminated from singles competition.
The tennis tournament is being sponsored by KIA Motors,ANZ Bank,Rolex,IBM and Jacob's Creek Winery.
India's Nifty Fifty futures were up in early Monday trading as Reliance Industries Ltd reported better than expected earnings.
The Australian housing market is more affordable than New Zealand's,a survey shows.
Gold and silver prices were up,and oil rose as well in early Monday trading.
Update:Serena Williams defeated Maria Kirilenko 6-2,6-0.She must now play fellow American Sloane Stephens,who is 19 years old and the top-ranked teenager in the world.
iShares Australia Index Fund(EWA)
On Sunday,Serb Novak Djokovic defeated Swiss Stanislas Wawrinka in a 5-hour marathon match 1-6,7-5,6-4,6-7,12-10.It is being called one of the best Australia Open matches in history.
American Serena Williams will be playing Russian Maria Kirilenko for another quarter final berth today.
All US men and Australians have been eliminated from singles competition.
The tennis tournament is being sponsored by KIA Motors,ANZ Bank,Rolex,IBM and Jacob's Creek Winery.
India's Nifty Fifty futures were up in early Monday trading as Reliance Industries Ltd reported better than expected earnings.
The Australian housing market is more affordable than New Zealand's,a survey shows.
Gold and silver prices were up,and oil rose as well in early Monday trading.
Update:Serena Williams defeated Maria Kirilenko 6-2,6-0.She must now play fellow American Sloane Stephens,who is 19 years old and the top-ranked teenager in the world.
iShares Australia Index Fund(EWA)
Friday, January 18, 2013
Keck Hospital Installs Latest Toshiba Ultrasound Technology
The Keck Hospital of USC in Los Angeles has installed two Aplio(TM)500 ultrasound systems and a Viamo(TM) ultrasound system by Toshiba American Medical Systems,Inc.
The Aplio 500 provides advanced visualisation capabilities such as Fly Thru,a groundbreaking 4D technology which images interiors of ducts and vessels for improved exploration of masses and lesions,and assists in the planning of interventional procedures.Fly Thru provides an inside-out view of anatomical structures and was evaluated by Edward G. Grant,MD,professor and chairman,Department of Radiology at the Keck School of Medicine.
The Aplio 500 system comes standard with enhanced workflow tools and ergonomics such as the iStyle(TM) Productivity Suite.
The Viamo is a laptop ultrasound system providing a new level of advanced imaging in a hand-carried system,in terms of both image quality and its penetration of up to 40cm.
The new systems will be used for a broad range of patient exams.The Aplio 500 Fly Thru technology will enable anatomical views never seen before in ultrasound,while the Viamo will be useful for general exams such as traditional radiology,according to Tomohiro Hasegawa,director of Toshiba's Ultrasound Business Unit.
Toshiba Corp.(TOSBF)
The Aplio 500 provides advanced visualisation capabilities such as Fly Thru,a groundbreaking 4D technology which images interiors of ducts and vessels for improved exploration of masses and lesions,and assists in the planning of interventional procedures.Fly Thru provides an inside-out view of anatomical structures and was evaluated by Edward G. Grant,MD,professor and chairman,Department of Radiology at the Keck School of Medicine.
The Aplio 500 system comes standard with enhanced workflow tools and ergonomics such as the iStyle(TM) Productivity Suite.
The Viamo is a laptop ultrasound system providing a new level of advanced imaging in a hand-carried system,in terms of both image quality and its penetration of up to 40cm.
The new systems will be used for a broad range of patient exams.The Aplio 500 Fly Thru technology will enable anatomical views never seen before in ultrasound,while the Viamo will be useful for general exams such as traditional radiology,according to Tomohiro Hasegawa,director of Toshiba's Ultrasound Business Unit.
Toshiba Corp.(TOSBF)
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