SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (195758)10/7/2002 8:25:21 AM
From: orkrious  Respond to of 436258
 
like is good when goldilocks downgrades stocks you're short

07:37 ET Speciality Finance stocks cut by Goldman Sachs
Goldman Sachs downgrades specialty finance names ACF to MKT UNDERPERFORM from Mkt Perform, COF to MKT PERFORM from Mkt Outperform, and HI to MKT OUTPERFORM from Rec List based on the weaker economic backdrop including a more pessimistic intermediate-term outlook on credit, housing, and growth.



To: orkrious who wrote (195758)10/7/2002 8:29:40 AM
From: Box-By-The-Riviera™  Respond to of 436258
 
they're quite distracted at the moment <g>

but i'm the only one who thinks that <g>

get ready for the EU to revise the debt limits. which means carte blanche for the whole group as well.

rob peter, rob him again, rob him yet again and again, and when peter has been depleted, tell paul you can't pay.



To: orkrious who wrote (195758)10/7/2002 10:05:46 AM
From: reaper  Read Replies (3) | Respond to of 436258
 
maybe somebody can explain this to me:

(paraphrased) 'I fired the head of the credit business, but its doing great'

wtf??

Reuters Company News
Sears says credit chief left at CEO's request
biz.yahoo.com
Monday October 7, 9:53 am ET

CHICAGO, Oct 7 (Reuters) - Sears, Roebuck and Co. (NYSE:S - News), the No. 4 U.S. retailer, said on Monday the departure of the head of its credit card division, announced on Friday, had nothing to do with the business.

On a conference call with analysts and reporters, Sears Chief Executive Alan Lacy said Kevin Keleghan left the company as executive vice president and president of credit and financial products at Lacy's request, but declined further comment on reasons for his departure.

"Kevin's departure has nothing to do with the business," Lacy said. "I'm making no further comment beyond what I just stated."

Also on Monday, Sears reaffirmed its full-year 2002 earnings per share guidance of $5.15 per share, but said the retail side would grow faster than the credit business.

Shares in Sears were off $2.39, or 6.4 percent, at $35.25.