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Another wrong number: Callwave

Wednesday, February 13th, 2008

Speaking of wrong numbers, over the weekend I received this friendly little note from the folks at Callwave (CALL), which I’ve used on those rare occasions when someone needs to send me a fax:
Dear Michelle Leder,
You asked and we heard you.
Now we’ve added several powerful new features to your CallWave fax service. And we’re making [...]

Back in the USSR at Rite Aid…

Friday, January 11th, 2008

It’s been a tough week, so I’m in the mood to air my grievances as a grouchy consumer. What is the retail outlet of my discontent? Rite Aid (RAD), which filed its third quarter 10-Q Wednesday, detailing continued losses.
Within a few blocks of my home in New York City, I can purchase croissants rivaling those [...]

Just following the wizard’s advice…

Thursday, December 13th, 2007

I used to marvel at the insanity of employment contracts allowing executives to be fired without severance pay only if they behave like sociopaths, which is known as “termination for cause.” I’m so jaded now that these deals hardly seem worthy of comment, but this agreement (filed with a 10-Q on Monday) between executive recruiting [...]

Pre-Christmas buying frenzy at Cost Plus?

Wednesday, December 12th, 2007

Last Monday, Cost Plus (CPWM) reported its third quarter results after the market closed. During the quarter, the company lost money and same store sales fell by 4.3%, which the company said was related to “heavy coupon activity” during the third quarter a year earlier. The next day, one analyst at a small firm lowered [...]

WWSD (What would Superman do)?

Tuesday, December 11th, 2007

It’s been a pretty tough year for investors in Sharper Image (SHRP). As we footnoted in our very first post in January, Chairman and CEO Richard Thalheimer, who resigned in September 2006, left with his Superman and 3CPO statues in tow. And, after an initial jump under the reigns of Jerry Levin, who initially [...]