ANALYST: CREDIT BUSINESS FOR TARGET GIVING THE RETAILER A BIG BOOST.(Deborah Weinswig, Bear, Stearns and Company Inc.; Target Corp.)(Brief Article)
HFN: The Weekly Newspaper for the Home Furnishing Network, March, 2002 by Zaczkiewicz, Arthur
NEW YORK-Is Target's credit business a red-hot profit maker?
That's the question posed by Bear Stearns & Co. retail analyst Deborah Weinswig in her recent report: "Giving Credit Where Credit Is Due." Weinswig analyzed Target's credit business and found that it is "an underappreciated jewel" to investors while also providing the retailer with a "unique opportunity" to bolster earnings. Moreover, Weinswig's analysis revealed that the retailer's Visa Smart Card, launched last September, has the potential for substantial earnings growth.
Weinswig said that Target's credit business contributed 14.9 percent to pretax segment operating income in 2000. It added about 18 cents per share to the total earnings per share figure. "Despite these contributions, we...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express