Energizer Holdings (NYSE:ENR), a global leader in the dynamic business of providing power solutions, reported strong first quarter results. Net sales increased during the quarter and the company updated its guidance. During the quarter, it witnessed increased gross margin rate and improved SG&A as a percent of net sales. It has reiterated its full year adjusted EPS outlook.
“The Bet” (or how your money finds its way to Wall Street)
In this section, you will encounter, early on, the story of an investment bet I made nine years ago and, next, some strong opinions I have about investing. As a starter, though, I want to briefly describe Long Bets, a unique establishment that played a role in the bet.
This morning Warren Buffett (Trades, Portfolio) released his 2016 shareholder letter. To read the complete letter, please go here. These are the takeaways by Dr. Charlie Tian, the founder of GuruFocus.com. Most of the texts are excerpts from the shareholder letter.
Berkshire (NYSE:BRK.A)(NYSE:BRK.B)’s gain in net worth during 2016 was $27.5 billion, which increased the per-share book value of both our Class A and Class B stock by 10.7%. Over the last 52 years (that is, since present management took over), per-share book value has grown from $19 to $172,108, a rate of 19% compounded annually.*
2016 didn’t prove to be a great year for Kroger, at least for its stock, as it lost nearly 13% of its value in the last twelve months. In the first three quarter of the current fiscal, Kroger’s revenue grew grew to $87.72 billion from $83.66 billion during the year ago period, growth of 4.8%. But same store sales including fuel declined by 0.1%, and excluding fuel increased by 1.5%.
Amazon has shaken up the retail industry in a way that no other company has ever done. They disrupted the status quo by taking the e-commerce route, although now, it looks more and more likely that they will enter the physical store concept as there are some big gaps in the delivered-to-your-home-after-you click-the-button business model.
But whatever Amazon does, the company has mastered the art of experimenting in the United States and replicating that success all over the world.
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