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Bob Evans Farms, Inc. Message Board

  • chickemmen chickemmen Oct 31, 2001 12:59 AM Flag

    Stocks in a slump

    As consumer confidence has fallen to it's lowest level in years, and in the slowing economy we are now in, with the whole market down, no one can expect any stock to do much today. If a company just holds it's own you can fell lucky.
    There is a lot of nonsence and meaningless words posted on these boards today, but we are really in some bad times now. All and all there are very few companies and investors making much money today. Unemployment has hit it's highest level in 18 years. You will have to reach way back in your history books to find worse times than we are in today. I felt someone had to post a message like I have just posted.
    Good luck to every one, and God bless America.

    THE GOOD CHICKEN

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    • Chicken, in the Saturday NY Times, the headline was that unemployment is at its highest rate since 1996, not the past 18 years. The 'increase in the rate of unemployment' was the highest in many years. The actual rate is still quite low. Remember 5% unemployment means 95% of the people are working. This is increase in unemployment is good for BOBE. It will increase the supply of workers, decrease turnover, and decrease upward wage pressure. Things aren't as bad as you think.

 
BOBE
37.87-1.10(-2.82%)Jun 27 4:00 PMEDT