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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (16556)8/13/2013 10:55:05 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
YUM- 71.91 out of weeklies
Sold some LNKD earlier at nice profit, but a long way to recover from yesterday



To: Smiling Bob who wrote (16556)8/13/2013 4:10:06 PM
From: Smiling Bob  Read Replies (2) | Respond to of 19256
 
SEAS with a BIG miss
.41 vs expected .51
Very nice
Good assortment of puts in hand
DIS was a good clue on this one



To: Smiling Bob who wrote (16556)8/20/2013 8:34:00 PM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
LZB- I was up nicely on my puts
in case I didn't get slaughtered enough today, offers this
Miss on revenues, but doesn't matter
More tail end results of RE bubble that will only worsen as they did last time

La-Z-Boy first-quarter profit doubles
By Nathalie Tadena

La-Z-Boy Inc.'s (NYSE:LZB) fiscal first-quarter earnings more than doubled as the furniture company's sales and margins continued to strengthen.

La-Z-Boy, known for its namesake recliners, has mostly posted growth since 2009, but in recent quarters has faced higher expenses tied to incentive compensation and increased marketing.

The company has previously noted its first quarter is its weakest as the furniture industry typically experiences softer demand during the summer months. La-Z-Boy's plants also shut down for one week of vacation and maintenance during the period. Chairman and Chief Executive Kurt L. Darrow said Tuesday that the company is well positioned to capitalize on a strengthening economy, particularly as the housing market continues to recover, given the success of its advertising campaign.

For the quarter ended July 27, La-Z-Boy reported a profit of $9.6 million, or 18 cents a share, up from $4.4 million, or eight cents a share, a year earlier. Revenue rose 5.8% to $318.9 million.

Analysts surveyed by Thomson Reuters most recently projected a per-share profit of 15 cents on revenue of $323 million.

Gross margin widened to 32.4% from 29.7%.

The retail segment, which includes La-Z-Boy Furniture Galleries stores, reported operating income of $1.9 million, compared with a year-earlier loss of $2 million. Same-store written sales, which La-Z-Boy tracks as an indicator of retail activity, jumped 13%.

The wholesale upholstery segment, the main contributor to the top line, reported revenue growth of 7% to $254.9 million.

Shares were up 1.8% to $21.63 after hours. The stock, which last week hit its highest level in more than nine years, is up 50% since the start of the year through the close.

Write to Nathalie Tadena at nathalie.tadena@wsj.com

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