by Cot Campbell (Reprinted by permission from dogwoodstable.com ) When a year comes to an end, it brings out everybody and his dog to begin reflecting, reminiscing and prognosticating.  So why not me?   I am old enough to have seen Man o’ War on three different occasions, so surely I, too, am a candidate to reflect and/or [...]

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In the final week of December, 2008, a newspaper headline was ominous: “Retail experts predict more store closings, bankruptcies, layoffs in 2009.”

Will pari-mutuel retailer Magna Entertainment Corporation (MEC) be among the casualties?

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An aphorism advises to hope for the best but plan for the worst. Hope is not a strategy–the data are telling us to plan for the worst in the first half of 2009 and monitor the leading indicators as we go along.

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