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Consider two companies . Dominant Widgets, the leader in its industry, turns 20 cents of each sales dollar into operating profit. Laggard Widgets, the No. 5 player, has an operating margin of just six cents on the dollar. Assuming you must buy and hold shares of one of them, which should you pick?

History says pick the laggard.

“There is no more important proposition in economic theory than that, under competition, the rate of return on investment tends toward equality in all industries,” wrote Nobel economist George Stigler in 1963. In other words, the profitability of companies tends to revert toward industry averages over long time periods as the most successful companies attract imitators and the least successful companies either fail or are forced to improve.

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Barclaycard is re-launching its 18-month balance transfer offer, beating its own 20-month deal on interest rate and transfer fee.

From today, Barclaycard is reintroducing its 18-month 0% balance transfer card with an APR interest rate of 16.9% and a fee of 2.9%, compared to the 20-month card which has an typical APR of 17.9% and a transfer fee of 3.2%

For example, anyone transferring a balance of 3,000 to the 18-month card will pay a fee of 87 while anyone moving the same balance to the 20-month card will pay 96.

Prospective customers can choose from either of the two deals. However, anyone who has previously had a Barclaycard will not be able to get the offer.

Barclaycard is also offering a 25% discount on fees if you transfer more than one balance.

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Tags: Balance Transfer, Transfer

Email marketing firm Epsilon had the unfortunate circumstance of being hacked this weekend. Although, the hacker has yet to be identified it is believed that this is the work of one person.

Earlier today, reported about the breach highlighting Capital One as the main victim. Since the day has progressed, more companies have come forward saying they too have been affected by the breach.

Companies Affected by the Epsilon Email Breach

The scope of companies affected ranges from banks to grocery stores, so far the list of financial institutions includes:

• Capital One
• JPMorgan Chase & Co.
• Citigroup Inc.

If you do not see your bank here you are not completely off the hook considering companies like; Best Buy, TiVo, Walgreens, Home Shopping Network, Marriot Rewards, Kroger, Brookstone, Ritz-Carlton and The College Board have all sent out warning emails as well.

Epsilon Press Release

Texas-based company Epsilon released a statement on April 1 saying:

“On March 30th, an incident was detected where a subset of Epsilon clients’ customer data were exposed by an unauthorized entry into Epsilon’s email system. The i

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Tags: Email, Email Breach