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Cintas Corporation Message Board

  • bullishcowboy bullishcowboy May 7, 2008 10:13 PM Flag

    CTAS a GREENBACK,jobs@economy play

    the GREENBACK will comeback this summer as the EURO and other global curreny will fall vs. the US $$$....the US has never rolled over in challenges facing its nation....

    OILMANIA and OIL .....we all know what happens when speculators BLOW up a BALLOON...they take a bloodbath,,,,,,,just like the US HOUSINGMANIA...GOLDMANIA......the OILMANIA will burst

    the BUSH rebate cheque plan will revive the US economy and JOBS will comeback to the USA.....US history shows us this scenario will play out in US favour,,,,,,,the sky is falling???don't bet vs. FED

    WHAT to do:: BUY the GREENBACK ,,,,,,,buy US stocks beaten up such as CTAS.....looking for CTAS just to meet expectations and forward looking #'s.....will the FED rate cuts and rebate cheques make the GREENBACK comeback and US economy flourish,,,,,,,I'll bet with the FED and buy US plays,,,,,,,CTAS upside 30-40%...dividends and sharebuyback make it too attractive .....BUYING on FEAR and selling OILMANIA to those who want it...US housing now cheap

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    • USA jobs numbers out in next few weeks,,

    • I am SOOOOOO,,,,, I got good looks....

      like a HIDDEN GEM .....ready to conquer the world...LOOLLLLLL,,,,,,,making money while the rest CRYING,,,,,,,its called a PLAN and PATIENCE....LLOOOLL

      ......MAY 8,,post...2008,,,,WOW,,can i look into the future,,,,NOTE,,,I was buying GOLD at $250....OIL $30,,,,no one watched or gave a crap about it at that time,,,,

    • The Morgan Stanley report points out that trade and investment flows rarely offset large currency moves, which implies that the "natural economic mechanisms that should, in theory, have helped halt the greenback sell-off were not, in fact, usually strong enough. This is why multilateral interventions were usually required to facilitate the re-alignments of exchange rates."

      Central bank credibility can go down the tubes if they fail to boost the dollar in a coordinated intervention attempt. How long will the Fed's $67 billion of reserves (including $42 billion in foreign currency) last before it's absorbed by a forex market that trades $3,000 billion a day? The Fed will need the help of other central banks to take on the massive foreign exchange market. Assuming central banks can successfully pull off a coordinated intervention, here follows five reasons why saving the dollar makes sense:

      1) Record oil prices pose a major risk to the industrialized world, and a higher dollar will probably knock down oil prices and reduce inflation

      OPEC is refusing to boost production when the rest of the global economy is faltering, and it's time for central banks to get creative. Lower oil prices, as a result of coordinated intervention to save the dollar, will help to cool inflationary pressures, giving central banks some room to adjust monetary policy. For example, many analysts believe the ECB is behind the curve, especially after recent economic releases that disappointed. Lower oil prices may reduce inflation expectations in Europe, which may allow the ECB to cut interest rates and deal with the economic slowdown and credit troubles.

      • 1 Reply to bullishcowboy
      • 2) A stronger dollar will boost the buying power of the weakening U.S. consumer

        The U.S. remains a consumer nation, and central bankers need to find ways to resuscitate the U.S. consumer. After all, the U.S. consumer has been the driver of growth in many parts of the world. By boosting the value of the dollar, through coordinated intervention, U.S. consumers remain protected from inflationary pressures by boosting their buying power.

        3) Japanese exporters need to remain competitive

        "Recession is a clear and present danger in Japan," said Tetsufumi Yamakawa, chief Japan economist for Goldman Sachs. "The leading indicators are deteriorating very sharply. Inventory is piling up at a rapid pace. There are clear signs of deceleration in exports of steel and semi-conductors to China," he said. Japanese exporters will have to remain competitive if Japan is going to recover from the current slowdown. Coordinated intervention to lift the dollar will push down the yen, helping Japanese exporters.

        4) Coordinated solutions will be more effective than isolated solutions

        If countries act in isolation, I doubt they can produce meaningful solutions. A perfect example of this idea is the Fed's recently announced rescue package that will probably benefit the Chinese more than the United States. "Americans will use the rebates to buy Chinese imports offered at Wal-Mart and the $150 billion will then wind its way inevitably back to Asian coffers," says PIMCO's Bill Gross in a recent note. Some might say this is far-fetched, but it illustrates an important point: Global economies are tightly connected, and contagion effects are likely to undermine the impact of domestic policy action. This is a global problem, and it has to be solved by global, coordinated solutions. "Preventing a global downturn is too big a job to be left just to American policymakers," says the headline in a recent article published by The Economist.

        5) The timing of the U.S. elections

        The world can't always rely on America to save the day, and other nations will have to come to the table and offer solutions. Due to the political transition in the U.S. it might take time to implement policies that will be effective. After all, the $150 billion rescue package has been labeled as "temporary" solution to avoid widespread damage to the economy in an election year, and much work still has to be done to arrive at a permanent solution. Quoting PIMCO's Bill Gross again: "When private demand falters, it becomes the responsibility of the government to fill the breach. Because it likely will not do so effectively until after a new Administration is elected in late 2008, the U.S. economy and its somewhat coupled global companion will sleep walk for some time and a resumption of prosperity as we knew it will be dependent on reforms of monetary and fiscal policy resembling the 1930s more than our past decade."

    • Financial firms have so far announced losses totaling around $160 billion, and UBS feels there could be a total of $600 billion in losses triggered by the subprime collapse. There is more bad news to come, and central bankers know it. If UBS is correct, we've only seen the tip of the subprime iceberg, and central bankers will have to remain flexibile to effectively deal with upcoming challenges. I don't doubt that the dollar's long term trend is down, but I argue here that coordinated intervention to give the U.S. dollar a short-term (2-5 years) lift may be an interesting idea for central banks to consider.

      "The already undervalued dollar won't stop falling until it is stopped via coordinated intervention," said Morgan Stanley's Stephen Jen in a note published in December. "While the preconditions for such an action have not yet been met, uncoordinated verbal intervention has clearly commenced, validating the notion that the costs of a weaker dollar are quickly catching up to the benefits for most countries in the world."

      Coordinated central bank intervention to save the dollar might sound like a crazy idea, but it's worth pointing out that in the past 30 years, coordinated intervention caused all but one of the changes to the dollar's long-term trend. Morgan Stanley said in November that the Fed, European Central Bank [ECB] and the Bank of Japan [BoJ] may coordinate efforts and intervene once Euro hits $1.50 or if the Yen goes to 100. The analysts suggested that coordinated intervention becomes more likely once the Fed ends cutting rates and the ECB ends hiking rates, and it's probably fair to say we are fast approaching such a condition

    • Chairman Richard Farmer holds 11.4% of the shares and other officers and directors held another 3% of the outstanding. They have been actively buying in their own shares since 2004. The common share count has been reduced by over 10% (from 171.4 MM to around 153.5 MM) since then.

      How cheap are these shares right now? They trade today dollars below the lows at any time between 2001 and 2007. In that whole period, when fundamentals were nowhere near present levels the absolute low hit in those seven years was $30.60 [and the trailing P/E at that multi-year low point was then over 21x].

      A return to even 18x expected 2008 calendar year earnings of $2.20 would bring these shares back to $39.60 or plus 27.4% from today’s quote. Add in the 1.6% current yield and a 29% total return within 12 – 16 months looks to be quite predictable.

      Is that crazy? Nope. CTAS shares have peaked at $42.90 and higher in each year since 1998.

      • 1 Reply to whipsawbull
      • You can sure build a case with playing the numbers game with these characters......However having been in the system for 21 years, the negative issues are too numerous , and I look at any uptick as a stockholder's ambush. I do not trust these guys as far as I can throw a bull by the tail, and I VERY strongly suggest to abandon, and minimize losses.

    • CTAS.....its shredding and document management business is now the FASTEST growing business of CTAS..SMART SMART longer does CTAS so heavily rely on uniforms alone....SANIS ..FIRE PROTECTION..FIRST AID are huge future growth areas in its infancy....BACKING up the truck on CTAS and under $30 a gift

98.13+2.48(+2.59%)Jun 30 4:00 PMEDT