Q4 Earnings are due out soon. Assuming that the numbers are weak, what will the bobs say to spin things positive?
The full year profits per share should be about 64 cents, which would be a DECLINE OF 18% from 2005.
2006 may well be worse than 2002.
For comparison, here are previous year numbers going back 5 years. Profits in 2001...62 cents Profits in 2002...66 cents Profits in 2003...70 cents Profits in 2004...75 cents Profits in 2005...78 cents Profits in 2006...64? cents (estimated)
Cramer is cuming and the sector will abort upwards. Look what the clown prince did to wtr the least growth stock there ever was, outside of the European infrasturcture that baked the stock. Hello, Viviendi bombed and WTR had to refinance Vivendi's investment, which was 40% and going for a takeover - smack that. I was there when that happened. Nobody at WTR ever explained how they did it. The invesment people that were there weren't there long after that. Figure that. Who bought Viviendi's 40%, maybe Cramer. He baked the stock. Somebody find out who bought Viviendi's 40% and let me know.
Wake up. Every banking stock will gain 2, that is two, two as in 2, within the next 5 months.
Wake up. When the players shake, it will bake.
Just sit back and sniff the mint juleps and the horse shit.
Stop talking to this stupid board. Start talking to the SEC, the OTS, and the Federal Reserve Bank of NY.
Let the bobs take their multimillion-dollar bag of the shareholders' money and get the hell out of town.
Can someone else repair this company? I don't know, and I'm inclined toward pessimism, but I do know that the foolish old man and the worthless kid can't, and I'd rather roll the dice with someone else than deal with a known loser trying to manage the hot dog stand.