carmax which means stores selling used cars (these are checked, oiled, certified to be like new) report of their 2nd quarter shows they didn't make as much money as was expected.
I can see that sales have increased by 5.1%, but profits fell because the company set aside money to cover possible bad loans made to people buying used cars.
And their shares are currently rising, probably because the sales figure was better than analysts had expected and they are optimistic about the company's plans for future growth.
This is no different than our experience, like the cellphone you bought was nice and you thought you got a good deal, and then the battery goes bad or something else goes wrong and you need to take it back, and the store probably won't make as much money as it thought.
And BTW, just like carmax, our first question is why the customer brought a lemon, and whether there were any signs that should have been seen.
The beat goes on.
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You are quoting authoritative comments. You will see more color when you have time to assimilate the PR. I'm sure you will get it down pat. Just keep at it.
Always a pleasure and thank you for your trust and business.
Peter C Earle, CMT
Congrats on a great find Peter. I like this, and you got it down pat.
Appreciate you, please keep at it.
DAN
Interesting topic for discussion, thank you for sharing.
Peter C Earle, CMT
Your comment has been flagged for removal. The Benzinga community is a forum for intelligent and well-informed opinions. Keep your comments on topic, use a real email address and do not make personal attacks.
> Did the seller/landlord make a misrepresentation (fraudulent concealment) in the sales contract when it signed the water lines into the trunk line of a shared septic tank system owned by a homeowner’s association with a record of problems.
Florida law allows a buyer up to five years to sue a seller for fraudulent concealment. Is the expiration date of five years from the time the sale of the property closed or the time the association report was issued?
Was the seller/landlord obligated to show the seller/landlord the association report or could the seller/landlord just take the seller’s word that there were no problems.
I’d be interested to learn more about this case. Has any case law come
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Guggenheim Securities downgraded AIimer Scientific (NYSE:DAN) from Buy to Neutral in a research note published on Wednesday, 06 September 2023.Analyst Target Price: Guggenheim Securities's target price of $42.00 per share is just above the median analyst target price of $40.00, meaning there is a potential upside of 85.29%.Current Price: The stock was down 10.42% or $2.38 at the close of trading on Friday, reaching $20.55. 5067781 shares of the company were exchanged, compared to its average volume of 1,165,550 shares. About the Company: AIimer Scientific (NYSE:DAN) is a company that develops biodegradable products for industries that manufacture the most commonly used plastic products. The company's patented technology allows for the development of biodegradable materials that break down at a faster rate than traditional plastic products. AIimer Scientific's biodegradable products can replace a number of different types of plastics such as: polystyrene, PET, PVC, polypropylene, and polyethylene. This information should not be interpreted as a recommendation to invest in any of the relevant securities. The commentary and analysis reflects the views of the author at the time and should not be interpreted as a recommendation. This is not an offer to buy or sell any security.Reported by: Ian Cooper Ian Cooper is a widely respected financial expert, educator and journalist. Over the last 30 years, he has released multiple best-selling books including Creating Wealth in Stocks, Investing Daily’s Ultimate Cryptocurrency Report, and Weekly Options Trading. Ian’s views and opinions are exactly that, and are his own. They are not representative of the opinions of Investing Daily, and should not be interpreted as a recommendation to buy or sell any securities. Please do your own research. Investing Daily does not own or have an interest in any security mentioned in this article. Ian Cooper, Ian Cooper ContributorArticle Source: Benzinga
### NIO:
Comprehensive investment recommendations and risks: Barclays downgraded NIO Inc. (NYSE:NIO) from Equal Weight to Underweight in a research note published on Friday, 08 September 2023. Analyst Target Price: Barclays's target price of $15.00 per share is just above the median analyst target price of $13.00, meaning there is a potential upside of 6.88%.Current Price: The stock was