LA Biz Observed
 
Bio • Email • Archive
 

 

The folks at 99 Cents Only Stores were pretty cute on Monday with their price increase of 0.99 cents, but not everyone is signing on. “We were expecting more and are disappointed,” wrote analysts at Deutsche Bank. Others are more charitable (FTN Midwest Securities called the move "well played"). The stock fell 29 cents, although keep in mind that the overall market was down. Of course all the tiny price hike does is put off the inevitable day when they'll have to cross the 99.99 cents mark. "When it increases to $1.02 for all products, it’s not going to be all that exciting," posts David Gaffen at MarketBeat.

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
2:25 PM Fri | Martin Gomez, the head librarian for Los Angeles since 2009, will become vice dean in the USC Libraries on April 2.