Rising Costs And Inflation

“And long before this recession hit — for a decade — middle-class families had already been expensing — experiencing a sense of declining economic security.  Their paychecks were flat-lining even though the cost of everything from groceries to college educations to health care were all going up.” President Obama, during an April 2, 2010 speech … Read more Rising Costs And Inflation

1Q 2010 Corporate Revenues

For the last few quarters, I have been commenting upon the general lack of revenue growth in corporate results.  I have focused on a variety of diversified manufacturers and distributors, all of them well-respected S&P500 firms.    My last comment on this issue was on January 29. For the recently released 1Q2010 financial results, it … Read more 1Q 2010 Corporate Revenues

Pricing In Our Current Environment

Pricing is a very complex discipline even during periods of economic growth and stability.  With the onset of increased economic uncertainty and volatility over the last few years, pricing’s complexity has significantly grown. Of course, it is impossible to characterize all firms as having the same pricing issues, as each industry and firm has a … Read more Pricing In Our Current Environment

NFIB Small Business Optimism – A Few Comments

On April 13, the NFIB put out a notable press release. Although the entire press release is worth reading, here are some notable excerpts: “The March reading is very low and headed in the wrong direction,” said Bill Dunkelberg, NFIB chief economist. “Something isn’t sitting well with small business owners. Poor sales and uncertainty continue … Read more NFIB Small Business Optimism – A Few Comments

4Q Corporate Revenues

I have been looking at the revenue figures posted for a variety of diversified manufacturers and distributors.  These are well-respected, S&P500 firms. One would expect these firms to be posting decent revenue gains, especially as compared to the very weak year-ago period (4Q2008).  Additionally, these firms stand to benefit from the prevailing economic climate due … Read more 4Q Corporate Revenues

3Q Double-Digit Percentage Revenue Declines

As I have discussed previously, double-digit percentage declines in corporate revenues is a serious issue. Many well-respected, broadly-based companies have posted double-digit percentage revenue declines for 3Q.  This is highly significant in that we are purportedly in an economic recovery; as well, 3Q 2008 should provide a (relatively) easy comparable period as the economy was struggling.   SPX at 1078.7 as this … Read more 3Q Double-Digit Percentage Revenue Declines

Double-Digit Revenue Declines

The August 17 edition of Business Week, p19 had a column titled “A Record Revenue Decline.”  It can be found here at the bottom of the page: http://www.businessweek.com/magazine/content/09_33/c4143btw375952.htm?chan=magazine+channel_the+business+week This line is especially noteworthy: “This marks the first time since S&P started tracking quarterly revenues (in 1993) that revenues dipped 10% or more for three quarters in … Read more Double-Digit Revenue Declines

“Why Aren’t Companies Hiring?” Part V

Businesses have reacted to the tumultuous economic conditions in many ways.  A logical action has been to reduce cash outlays to a level appropriate to what the new economic conditions seemingly warrant.  Along these lines, expenses have undergone scrutiny and in many cases have been cut, in order to preserve cash as well as improve profitability … Read more “Why Aren’t Companies Hiring?” Part V