Monthly Archives: October 2017

Notes and Analysis from HPE’s Analyst Meeting

Key takeaways: Through its HPE Next transformation plan, HPE will spend $1.1 billion over the next two years to achieve annualized cost cuts of $1.5 billion by the end of 2020. It will reinvest about half of the savings to … Continue reading

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American Express (AXP) 2017 Third Quarter Results

Ken Chennault announces retirement in February 2018 and Steve Squeri will become Chairman & CEO Third Quarter EPS of $1.50 vs. $1.20 last year and consensus of $1.48 Management raised full year 2017 guidance from $5.40-$5.80 to $5.80-$5.90 Earnings growth … Continue reading

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GM’s Q3 Results Beat Expectations

General Motors Company (GM) reported third quarter EPS of $0.08 vs. $1.76 in the prior year.  Excluding unusual items – a $2.3 billion, $1.24 per share deferred tax adjustment related to the sale of GM’s European operations in 2017 and … Continue reading

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Sears Canada Moves Toward Liquidation

Sears Canada (SCC.TO) announced yesterday (10/10) that it would seek court approval to close all of its stores and lay off nearly all of its 13,000 employees.  The move comes after the company’s Executive Chairman Brandon Strazl failed to obtain … Continue reading

Posted in Consumer Discretionary, SHLD | 1 Comment

Potential Implications of GE’s Latest Management Transitions

On Friday (10/6), after the market close, General Electric (GE) announced that three of its senior executives, all Vice Chairs – John Rice, CEO of GE’s Global Growth Operations, Beth Comstock, CEO of GE’s Business Innovations and Jeff Bornstein, CFO … Continue reading

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