Yesterday afternoon, after the $700 billion bailout legislation failed, Hank Paulson came out of the White House and said, “We have experienced significant turmoil in our financial markets in the last few days, including the collapse of Washington Mutual and Wachovia here and the failure of two major financial institutions in Europe.” Of course, Wachovia [...]

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 [...]