98 ordspråk av Chuck Hill
Chuck Hill
Analysts are still behind the curve. We will continue to see estimates for 2002 being slashed. We haven't seen the levels of over-pessimism and capitulation yet.
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Analysts gave a pie-in-the-sky aspect of a profit recovery in the third and fourth quarters. Since the year began, that hasn't exactly happened.
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Any deviation from that 15 percent for the quarter is expected to be lower, not higher.
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As usual, the analysts are looking through rose-colored glasses.
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At least for the next month or two, the earnings picture is going to be pretty dismal.
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But for the following year, they have narrowed the loss and in some cases gone to profitability.
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But this decline is deeper. You could make the case that this is the worst earnings decline since World War II.
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Communications equipment makers were by far the worst. The semiconductor guys were horrible, and hardware makers had a tough time. But software earnings were only down modestly. The software business will do reasonably well even in a lousy environment.
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Companies are missing earnings but the stock still goes up. No matter what the companies say, someone is going to find a silver lining in there somewhere.
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Earnings are bottoming out and will almost certainly turn up in the next quarter.
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Earnings should bottom in the first quarter. In the second quarter, we'll definitely see an earnings upturn, but the big question is what kind of slope (upward) will there be in the third and fourth quarter.
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Every quarter, people get all upset when the pre-announcement season is on and it always has a negative bias. I don't think there is anything to be alarmed about.
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Everything points toward having a good quarter.
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FD was implemented at the worst possible time to determine its effect.
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I don't see how this means the individual is going to have access to good research. We don't know what entities are going to be in this group of independents.
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