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Green or some other shade of shoots
Posted By Peter Boockvar On April 22, 2009 @ 4:10 pm In Corporate Management,Earnings,Economy | Comments Disabled
Reading snippets of CEO comments after their earnings releases highlights the tug of war between the bulls and the bears over where this economy and stock market are going certainly relative to where it was just 5 weeks ago.
Are the shoots green or some other shade?
Here are some quotes: JCP, ‘sales slightly better, more predictable,’ NSC, ‘still seeing significant pressure on volumes but think things bottom out by June q,’ UTX, ‘seeing signs of stabilization in orders but don’t see significant change in environment,’ COF, ‘unemployment is sort of raging,’ R, ‘there’s no evidence economy is bottoming out and could get much worse,’ AMD, ‘it’s not possible to say demand has hit bottom,’ ETH, ‘Mar business showed improvements from Feb while significantly lower than Mar of last year.’
These comments are taken off Bloomberg so I can’t confirm the exact quote.
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