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Slim’s Pickings: Don’t Invest Like the Richest Man in the World

You'd be better off avoiding these five Carlos Slim holdings

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Industry: Retail
$260.6 million
52-Week Returns:

Saks (NYSE:SKS) has ridden the broader market’s gains in 2013, climbing a solid 6%, but it’s still in the red after a 12-month roller coaster that saw several double-digit swings, with some as large as 40%.

While revenue has been steadily gaining since 2010, it still hasn’t returned to pre-crisis levels. The retailer also is expected to post a loss in the upcoming quarter, making for a 40% drop in profits year-over-year, while the current quarter is only expected to bring 5% growth on the earnings front.

Recent fourth-quarter numbers weren’t much prettier either, as earnings slipped 45% on higher costs and the lingering effect of superstorm Sandy, while full-year same-store sales climbed under 1%. Still, the company beat on the top and bottom lines, so the stock gained on the news.

Article printed from InvestorPlace Media, http://investorplace.com/2013/03/slims-pickings-dont-invest-like-the-richest-man-in-the-world/.

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