Last week I posted some features on interesting ways that retailers are refocusing to foster growth during this period of contraction. Far and away the most viewer email came in response to my feature on Texas Roadhouse. Read More
Beef makes up almost half of Roadhouse’s cost of goods. When Hart noticed a spread in the cash and futures prices for beef this past September, he decided to start purchasing 25% of the company’s beef supply from vendors at spot market prices instead of via long-term contracts with vendors. Read More
Finally, an oversold rally; the Dow moved 225 points the last 90 minutes. It was the first close at the highs for the year; financials led, but beaten up groups like airlines also posted a nice rally. Defense stocks rallied as well. Read More