Here Are Sears Holding’s Five “Fraudulent Transfers” and Why “Culpable Insiders” Lampert, Mnuchin, et. al Got Sued by Wolf Richter • Apr 18, 2019 • 63 Comments Greed and scheming dominated the five deals: SHO, the spinoffs of Orchard, Sears Canada, Lands’ End, and the putrid Seritage deal.
More Airlines Collapse: Jet Airways India, Alitalia, WOW Air by MC01 • Apr 17, 2019 • 44 Comments And the 217 planes that Jet Airways ordered from Boeing?
What J.B. Hunt Just Said About the U-Turn in Trucking by Wolf Richter • Apr 16, 2019 • 73 Comments Largest US Trucking Company: “Volume, or lack thereof, is obviously the main story.” The inventory pile-up hurts. And the driver shortage is ending.
China EV Manufacturing Bubble Faces Getting Bludgeoned by Wolf Richter • Apr 15, 2019 • 52 Comments There are now 486 EV manufacturers in China, triple from two years ago. Most will disappear.
THE WOLF STREET REPORT by Wolf Richter • Apr 14, 2019 • 73 Comments The Biggest Risk for Stocks: The moment share buybacks get slashed.
What’ll Happen to Home Prices in Silicon Valley & San Francisco after IPOs Shake Loose All These Startup Millionaires? Last Two Times, We Got a Housing Bust by Wolf Richter • Apr 14, 2019 • 84 Comments Here’s how it works. Meanwhile, the media is busy publishing real-estate industry hype.
Whole Foods’ Existential Threat? by John McNellis • Apr 12, 2019 • 108 Comments “Amazon’s plunge into the $800 billion US grocery industry posed an existential threat to rivals”: CNN, August 2018. So let’s see.
Uber Discloses 3-Yr $10-Billion Loss from Operations, Stalling Rideshare Revenue & 50 Pages of “Risk Factors” that Are Not for the Squeamish by Wolf Richter • Apr 11, 2019 • 89 Comments But it had big tax benefits & one-time gains. And Uber Eats is hot, so to speak.
This is How Stocks Get Hit When BBB-Rated Companies Try to Dodge a Downgrade to “Junk” by Wolf Richter • Apr 9, 2019 • 51 Comments There are now many of them. Shoring up the balance sheet is the opposite of “shareholder friendly.” It’s “creditor friendly.”
What Would Stocks Do in “a World Without Buybacks,” Goldman Asks by Wolf Richter • Apr 8, 2019 • 104 Comments Companies buying back their own shares has “consistently been the largest source of US equity demand.” Without them, “demand for shares would fall dramatically.” Too painful to even imagine.
