Did Vodafone Overpay
Feb 12, 8:53 AM EST |
|
| Only time will tell, wheher Vodafone overpaid for a stake in Hutchison Essar. If judged by a recent history, the signs are not encouraging. |
|
| Vodafone has found its passage to India, but at what cost. The company, known for its expensive telecom asset acquisition in the past, appears to be ready to pay top dollars for a fast growing mobile operator in one of the fastest growing cell phone markets in the world. Assumptions of market growth rates may have to be revised if current estimates of economic growth rates may not be realized. Vodafone may need more than third partner to share this risk. |
|
|
Full Story... |
Gift Cards Fuel January Retail Sales
Feb 10, 5:38 AM EST |
|
| The U.S. retailers reported mixed results in January, blaming belated cold winter weather which prevented merchants from clearing out winter inventory |
|
| The retailers reporting upbeat results included Limited Brands and Wet Seal, while Costco Wholesale and Bebe Stores posted disappointing sales results. Limited reported an 11% gain in same-store sales, beating the 7.8% forecast. Costco said that January same-store sales rose 2%, missing estimates of 3% increase. Gap Inc. announced flat January same-store, exceeding estimates of a decline of 7.7%. Abercrombie & Fitch reported same-store sales drop of 6%, below expectations of a drop of 1.9%. |
|
|
Full Story... |
1
|
|
|
