Fairway IPO - market top?
Started by ags
almost 13 years ago
Posts: 25
Member since: Apr 2010
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Fairway Group Holdings Corp (NYSE: FWM) announced its earnings results on Thursday. The company reported ($1.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $1.10, AnalystRatings.Net reports. The company had revenue of $178.70 million for the quarter, compared to the consensus estimate of $183.10 million
http://www.watchlistnews.com/2013/06/07/fairway-group-holdings-corp-fwm-posts-quarterly-earnings-misses-estimates-by-1-10-eps/
Of course they jacked up prices 30%
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Same-store sales rose 2.4% excluding the Red Hook, Brooklyn store.
http://online.wsj.com/article/BT-CO-20130606-703277.html?mod=googlenews_wsj
You seem very angry about Fairway.
but of course the reason is that the market has a term structure of future implied forward rates(the current two year treasury and one year treasury implies a one year treasury rate one year in the future). It's highly inaccurate and never correct. It just represents the term structure of rates. So we know the market is lousy at predicting increases and decreases in rates.
hence the obvious outcome from the fairway ups
Hi C0C0!
Hey! *I* invented "Hi". Cease. Desist.
Hi, greenberg!