Look at the balance sheet. if you back out goodwill, the balance sheet don't look to good, loaded up with debt used for share
It's a paint store trading like a growth stock.
This is a good short at this level, indeed.
SHW doing the share repurchase game. It's always a sign of a topping out of stock price. Have you visited any of the empty
SHW stores lately? There are about 6 stores in a twenty mile radius where I'm at, and one is a block from a Home Depot store. And that SHW store is really empty of traffic. Stand alone paint stores going the way of brick and mortar book stores.
PE of 30 for a paint store???
No paint on the planet needs to cost more than $35 a gallon.
And it will cover just fine.
SHW paint and stock is overpriced and the company is using financial engineering to boost share price.
This is a very good short.
Yea, at Home Depot.
But any good quality paint will do for about $25-$35 per gallon maximum.
Avoid SW paint at $75 a gallon and sell/short this stock if you can. It's a bubble.
All of this "saving the economy" is fine and good, assuming that the world can find a graceful exit from all this money printing.
Oil price rising, very strong, by the way. Ben will get his inflation wish soon enough. Then what happens?
Bernanke is obsessed with the term paper he wrote in collage about the Great Depression.
He thinks he knows how to central plan the world economy.
At any rate, the money printing has not prevented a 25% haircut for the Japan market.
Sherwin-Williams store I visited yesterday sold paint for as high as $75 a gallon for interior paint!!
First and last time I ever went into Sherwin-Williams store. Stick with Glidden paints for about $20 a gallon.
Only a moron would pay $75 a gallon for paint.
Market has not faced end of QE hysteria until now.
They all said rising interest rates would not hurt stock market, but falling rates help . . .
Like saying water runs downhill, but it can also run uphill.
This whole spying program is a giant boondoggle pork deal for CIA insiders, etc. All the people running the NSA, CIA are executives with these so-called "private contractors" .
National security and national defense are meaningless terms anymore, as all defense and security spending is about pork, not security.
World stock indexes have already topped out--for at least the next 10 years or longer.
The great bull market for bonds is over, which means the bull market for stocks is also over.
Also, note that profits are a bigger share of national income then ever before, a situation that is also ended, as
wages must rise to rebalance economy.
Flash crashes are like 10.0 earthquakes. It only takes one to mess up years of gains.
Japan market is down about 20% in a few weeks. Point is that markets crash faster than they build up.
Bernanke has created 5 years of economic stagnation by forcing money into stocks and bonds, instead of the real economy for things like capital spending, housing, cars, etc.
If rising stock market were key to economy, that would have DOW 1 million 50 years ago.
As interest rates rise, those sitting on the fence will actually take out a mortgage or auto loan and thus the economy will actually improve. Ben Bernanke's 5 years of economic stagnation is ending.
The thing is that terrorists who know a little can spoof IP addresses and other data in the header to hide their tracks. So all this data mining by Big Brother is really a waste of resources, as far as fighting terrorism is concerned.