Jul 29th 2009 8:38PM John Paul Getty used to say "Buy assets that appreciate and rent assets that depreciate." The dumb move is to finance a car. At the end of four to six years you own a severely depreciated asset. Either you have the cash to buy outright or you lease. End of story.
May 7th 2008 9:38PM Victoria Secret's should be Victoria's Secret. My mistake.
May 7th 2008 9:35PM Bruce:
Your last comment, "Still, as a luxury item, lingerie is probably not selling all that well right now. Maybe Juicy needs the dough?" makes little sense.
Juicy sells very little lingerie. Here's the extent of it:
Victoria Secret's are the lingerie people.
Apr 13th 2008 8:38AM The fact that American Apparel chooses to pay its LA-based t-shirt makers a living wage is commendable. Yes, the man is different. But, his business has thrived despite the fact he already has major competition from Gildan (NYSE:GIL). It's about time North America started figuring out it's better to produce closer to home, saving lead time on product production, not to mention shipping costs, etc.
It's trendy right now to knock Mr. Charney and he'd probably be the first to admit he brings this stuff on himself. At the end of the day, his company does more for our country than most.
Nov 9th 2007 12:33AM Real estate people will say that these prices are a bargain compared to other big cities like New York and LA. Maybe so. At the end of the day, why would anyone pay $750 a square foot for an apartment the size of a small hotel room.
I wouldn't wait in line to get into a club, why would I do the same to buy a condo? It would be different if I was offered 1000 square feet at $375,000 in downtown Toronto.
Conspicuous consumtion lives on.