Leaders toast holiday bonus as JB suffers by doing the white thing
THE holidays must be near: fun-time stocks Ten Network and Domino's Pizza this week popped 22 per cent and 12 per cent, respectively. Those stocks, and the racers who picked them, lead the competition as our players round the corner and thunder down the final stretch.
The ever-stellar Doreen Daze streaks to the front, leapfrogging contract manager David Peda, who also had a great week, and supplanting reader Angela Smith. Angela must have popped out for a coffee when the call came in that the mining boom was over. JB Hi-Fi is the only company on her list that doesn't generate money from the exploitation of natural resources, unless you count the proclivity of certain dads to buy endless Dora DVDs for their daughters.
Anyway, investors dropped JB after the retailer announced it was thinking of selling refrigerators and other goods of a similar hue. ''It's just not the white strategy,'' whined one aggrieved, but hilarious, shareholder.
Angela lost 5 per cent when the market was up 1.5 per cent, and she looks to have lost her chance to win the fairy-dust-sprinkled Tiara of Shares Race Delight.
No surprise then that the worst-performers list is packed with diggers and drillers, with the notable exception of agri-flop Elders, whose ability to disappoint never disappoints. Er, wait, am I disappointed or not? In any case, the stock has lost a quarter of its value over the three race weeks. Bad news for that red-suited, bearded fellow, who may just have to stick to his day job, whatever that may be.
Business manager Manish Bansal had a solid week, streaking from sixth to a spot in the top three. Next week: the final race for 2012!