Filed under: Earnings Reports, Berkshire Hathaway (BRK.A), CVS Corp (CVS), World Wrestling Entertainment (WWE)
I'm going to offer up brief opinions on some of the events from the past trading week. Maybe you had your eye on one or two of them as well.
Playboy (PLA) reported a net loss in its second quarter. The red ink came out to 16 cents per share this time around; last year, the loss was 26 cents per share. You know what? It doesn't really matter if management was able to narrow the bleeding. Playboy is purely an arbitrage play now, with Hugh Hefner making a bid to take control of the business (a competing bid has been made by FriendFinder, which owns Penthouse). I would avoid making a buy here, since the arbitrage game can be a difficult one to win.
Continue reading Thoughts on Market Stories from the Week
Thoughts on Market Stories from the Week originally appeared on BloggingStocks on Sat, 07 Aug 2010 12:40:00 EST. Please see our terms for use of feeds.
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Hugh Hefner - Playboy Enterprises - FriendFinder - Penthouse - Business
Full story at http://www.pheedcontent.com/click.phdo?i=dae6d88812b7a5b4707e7bdce6dd42f4
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1 comment:
Not even a male enhancement could give Playboy Bunny the boost it needs to get out of its financial mess. What should they be doing in order to turn this around? This is just another demonstration of companies, even those with highly recognized brands, that can’t survive forever if they don’t shift when the market does.
http://bit.ly/9fgKM0
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