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  • the_nervous_resistor the_nervous_resistor May 9, 2003 2:06 PM Flag

    stock price

    Hey guys.

    My fuzzy head recalls this morning (and it's almost lunch!) that Dow got +20% price increases through to customers in the last quarter. Explaination was oil. Is any of this fuzzy memory true? Or, does my fuzz need more coffee?

    Also, stock is up 28% from early March: $24.86/Mar-11 and $31.79/now. Sweet. Brinker may cyclical bull call in general market on Mar-11. I jumped in with both feet two days later, and it's been good.

    Combine my fuzzy memory of product price increases along with a short-term (1-3 year) bull call, plus lower oil prices, and hmmmmm....maybe even a recovering economy....hmmmm.... baby needs a brand new pair of shoes.

    Ur thoughts?

    tnr

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    • You are correct there was a 20+% price increase last quarter. How much of that actually came from the US$ decline? Dow has over 50% of it's revenue from non US$ locations and as the US$ dropped over 10% against many of these currencies the actual local price increase was actually much less. The dollar has continued to drop and the oil price has also dropped. Since oil is quoted in US$ it has dropped even more in these other currencies. Anyone know how prices are holding in Europe, Asia and even Canada this quarter?

 
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