BNET Industries
- Private
Dow Jones Description
Coles Myer officially changed its name to Coles Group Limited in November 2006.
Contact Information
Peer Companies
NAICS Code All Other General Merchandise Stores: 452990
News & Analysis
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coles myer - All News and Analysis
Canadian Imperial Bank Engenders More Credit Concerns from Analysts
FP Trading Desk submits: Canadian Imperial Bank of Commerce CM may have swung to a first quarter profit, but analysts weighing in on the results aren't ready to start dancing in the streets. Instead many of them remain extremely concerned about the bank's credit woes and warn investors to...
Canadian Banks Seek to Raise Capital - But Not with Dividend Cuts
FP Trading Desk submits: Canadian banks have responded to rising capital demands with a flurry of capital raising activities during the past few weeks. While analysts were quick to point out that not all capital is equal, TD Newcrest’s Jason Bilodeau told clients that there is more than one...
Upcoming Quarters Don't Look Good for CIBC - Dundee Securities
FP Trading Desk submits: CIBC was downgraded to a “sell” by Dundee Securities analyst John Aiken after the bank reported its quarterly results Thursday morning. While he does not believe CIBC will need to raise more common equity in the near term, the bank “may not be deploying capital...
RBC Capital Analyst: Low Probability Canadian Banks Will Encounter Solvency Issues
FP Trading Desk submits: A challenging economic environment that makes valuations not overly cheap on a historical basis, the expectations for continued pressure on profitability as a result of the slowing economy, challenging credit and funding markets, and earnings estimates that look like they need to be lowered by...
Financial Fallout: How It Affects Canadian Companies Sun Life and CIBC
FP Trading Desk submits: Two Canadian financial names involved in the turmoil south of the border should see a significant impact if things progress the way they appear to be. Sun Life Financial Inc. SLF has disclosed C$270-million in exposure to Washington Mutual Inc. WM bonds and will not...
Financial Landscape: Writedowns, Losses and Capital Raised
Market Folly submits: Amid all the financial chaos, I thought it would be a good idea to post up a simple chart breaking down the financial landscape in terms of writedowns, losses, and capital raised. From Bloomberg, you'll see how institutions are looking in terms of raw numbers: writedowns/losses versus...
Are Big Investment Banks' Days Numbered?
Mark McQueen Wellington Financial submits: He may be new to investment banking, but CIBC World Markets CEO Richard Nesbitt was quick out of the gate on Monday with his own prediction regarding the fallout of Lehman’s LEH bankruptcy filing. According to Bloomberg, Mr. Nesbitt believes the days of the...
Odlum Brown Analysts: Canadian Banks Still a Buy
FP Trading Desk submits: With leading Wall Street institutions caught in a death spiral, stock-pickers at Odlum Brown see hidden value in Canadian banks. The analysts said: by FP Trading Desk
Analysts Mixed on CIBC's 3Q Results
FP Trading Desk submits: The market seemed to like CIBC’s CM third quarter resultsthat showed lower-than-expected writedowns on its credit investments, sending the stock up more than 5% on Wednesday. However, not everyone feels the positive reaction was justified. Michael Goldberg at Desjardins Securities said the bank’s capital position...
CIBC Reports Charges Well Below Dundee Analyst's Estimates
FP Trading Desk submits: Dundee Securities analyst John Aiken threw his recommendation on Canadian Imperial Bank of Commerce CM into neutral Wednesday morning following the release of the bank's third quarter results. Mr. Aiken, who had a sell rating on the stock previously, placed CIBC's price target under review,...
Industry Transcripts by Seeking Alpha
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Rite Aid Corporation F1Q10 (Qtr End 05/30/09) Earnings Call Transcript
on Jun 24, 2009about RAD
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Walgreens F3Q09 (Qtr End 5/31/09) Earnings Call Transcript
on Jun 22, 2009about WAG
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Best Buy F1Q10 (Qtr End 5/30/09) Earnings Call Transcript
on Jun 16, 2009about BBY
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Casual Male Retail Group Inc FQ12009 (Qtr. End 03/31/09) Earnings Call Transcript
on Jun 08, 2009about CMRG
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Williams-Sonoma F1Q09 (Qtr End 5/3/09) Earnings Call Transcript
on Jun 03, 2009about WSM
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