“Where Are the Customers’ Yachts?” 2013 Edition
But what really shocked me about Malkiel’s data is that dozens of funds have underperform their benchmark for 43 years, and they are still in business.

Appliance Recycling Centers (ARCI) Delays 10-Q Filing; Issues Prelim. Q1 Results
There’s a lot going on at this company… activists investor, class action lawsuit, bad numbers. Share price is down almost 50% over the last year, and almost everything is attractive if the price is low enough.
The results expected to be reported were unfavorably impacted by delays in the deliveries of replacement appliances under one of our largest utility replacement programs, the declines in the selling prices of scrap metal and other byproducts that we sell, and a decline in carbon offset revenues as compared to the first quarter of fiscal 2014.

Etsy Shares Slump in First Taste of Public Market U-Turns
Started trading at $16, hit a high of $36, currently trading at $17 despite increasing revenue by 45% (losses grew a bit faster though).
Etsy Inc. got its first taste of the fickleness of the stock market after a disappointing maiden earnings report sent shares falling 18 percent.” Then there’s this.

Profit Slips at Walmart as Revenue Falls Flat
Revenue flat, profit down.┬áIf you had to choose between Walmart & Etsy…?
The retailer cited investments in employee wages, as well as currency fluctuations, in its 8.3 percent drop in operating income to $5.7 billion.

Related

Wal-Mart to Challenge Amazon Prime With $50 Shipping Service
Wal-Mart Stores Inc. will offer a $50-a-year unlimited free-shipping service for online customers starting this summer, seeking to challenge the $99 Prime service offered by retail rival Amazon.com Inc.

Americans are dipping their toes back into the housing market
Granted, that growth is coming off of a very low base, given that purchases dropped dramatically after the recession.

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