Sunday, August 31, 2003

Mike Porter: Mistake to stock up on retailer because it's got a cool store
Some good points here about retailing being usually a poor business. But I think he misses the point about Lynch's suggestion to buy the stock of stores you like. The idea is to find a hot stock before it's hot, not like Krispy Kreme whose story is covered on the front page and the TV news. By that time, it is too late.