Word: jumps
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Apple stock immediately surged 10% on the earnings numbers, which beat Wall Street estimates. The stock jump suggests that investors are now focusing on more than just the health of CEO Steve Jobs despite the fact that the SEC is reportedly investigating the company's disclosures on Jobs' condition. (See pictures of Steve Jobs...
...first time in Apple's history, it reported quarterly revenue that topped $10 billion. It sold 2.5 million Macintosh computers, a 9 percent jump over the previous quarter, even as the rest of the PC industry contracted. The company also sold over 22.7 million iPods in the quarter with most of the growth occurring in international markets, according to COO Tim Cook. Indeed, Cook said that iPod sales in the U.S. actually contracted 3 percent in the quarter...
...second largest toy retailer behind Toys R' Us, and Boot Town, a Western clothes outfitter, are running liquidations now, along with Circuit City. Look for more to come. Schaye says Hudson Capital's revenues increased tenfold in 2008. According to Erickson, the Great American Group saw a 300% revenue jump in 2008. He predicts similar growth for the first three months of this year. "The numbers are higher than we ever could have imagined," Erickson says...
...customer also has to make some bets. For example, Erickson, the Great American CFO, worked on the liquidation for the Montgomery Ward department stores a few years back. He gave himself a 30% off threshold for a backyard shed. Once the sale dropped that far, he would jump. But all sheds were gone from the store at 20%. "I got screwed on our own sale," he says. (See the top 10 gadgets...
JACKIE CHAN as Mr. Miyagi? Paint the fence, wax on, jump off 17-story building...