Chop Those Holiday Estimates
MasterCard (MA) just released holiday sales figures and it's not pretty. Sales increased 0.7%, the worst since the depths of the 2008 recession. ShopperTrak chipped away at estimates before Christmas (reduced to 2.5% from 3.3%), but clearly not enough.
Warning to investors: Never assign much weight to the statistic gatherers' estimates; they typically tell you what time it is hours after you've asked....211 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
Already a Subscriber? Please login.