给熊熊点安慰

ByStander

I wonder when the reality is going to set in on Wall Street. Cost cutting is the story of the day and how reducing advertising, laying people off and cutting back on production is good news escapes me. The revenue numbers are horrible. Mattel sales were down 19%. At Bemis packaging product sales dropped 12%. General Electric saw a 17% decline. Callaway Gold lowered its sales expectations and now thinks sales for the year will drop 15 to 19%.

I really do not care how much money Goldman and Morgan can make trading pieces of paper back and forth or raising equity to bail out their failing brethren. The companies that make and sell stuff are not making much headway. Cost cutting means reduced spending and layoffs and I have a hard time putting a positive spin on that.

In the very long term the cost cutting may be a benefit. For the next several quarters I think it means lower earnings than the pundits are expecting.

fzfz

hithere

I wonder when the reality is going to set in on Wall Street. Cost cutting is the story of the day and how reducing advertising, laying people off and cutting back on production is good news escapes me ...
ByStander 发表于 2009-7-17 12:34

Exactly!