This week was cut short, so I had to drop an exciting, brilliantly written post on the Federal Reserve. I know right, thrilling. Okay, maybe not. So hopefully, thanks to earnings season, some mail I got, Mountain Dew, and a guru controversy will give me a fairly strong finish for the week.
Earnings Season kicked off this week with companies beginning to report 4th quarter earnings. If you own stocks, now is the time to check what you own, listen to the conference call, and read the earnings report. If you’re invested for the long term, remember that earnings season offers just a very short term glimpse of a company. Stay focused on the long term fundamentals, not on the comparison to analyst’s estimates.
This is for all you Netflix subscribers out there. Apparently there is a class action lawsuit against Netflix and a settlement with Walmart. How does this affect you? Good question, I’m no lawyer but the gist from the mailer I got was supposedly the two companies conspired to keep each other out of certain dvd businesses, eliminating each other as competitors and keeping prices high. If you ever subscribed to Netflix in the past 6 years or so, check it out.