14 Quotes by Jeff Stinson

It's the way Costco built their business model, and now it's ingrained in their culture.

It looks like the off-mall numbers look really good, and the mall-based numbers still look to be tough out there. To say this is a trend we've seen over the last year is selling it short. It's been a trend we've seen for quite some time. The off-price guys offer better prices to consumers.

Investors should keep in mind that this (auction) process will take longer than most initially expected and will by its vary nature be lumpy.

Chuck and his team have been able to put their turnaround plans in place and take steps to change those issues that have held back the company over last 20 years. The challenge is kind of managing the business day to day while trying to effect all these changes. That's why we saw the loss of two cents during the quarter.

I don't think Federated will be alone in talking down earnings expectations for the quarter and also the second half of this year. You look at the things impacting Federated and they are industry and consumer-related issues, not company issues.