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Golden Star Resources, Ltd. Message Board

  • ag_au_u ag_au_u Jan 17, 2014 6:36 PM Flag

    Economic recovery, you say!

     

    JOB CUTS ANNOUNCED IN 2013
    1. JP Morgan Chase & Co.,Job cuts: 19,000
    2. J.C. Penney Company, Inc., Job cuts: 15,020
    3. International Business Machines Corp., Job cuts: 9,400,
    4. Boeing Co., Job cuts: 5,800
    5. American Express Company, Job cuts: 5,400
    6. Wells Fargo & Co., Job cuts: 5,236
    7. Cisco Systems, Inc., Job cuts: 4,500
    8. MetLife Inc., Job cuts: 3,150
    9. Blockbuster / Dish Network Corp., Job cuts: 3,000
    10. United Technologies, Inc., Job cuts: 3,000

    NEWS RELEVANT TO THE RECENT 2014 REPORTS:
    1. UPS Projects Fourth-Quarter Profit Below Estimates
    2. Nintendo slashes 2014 sales forecast for Wii U from 9 million to 2.8 million
    3. Best Buy Falls On Weaker-Than-Expected Holiday Sales
    4. Intel to reduce global workforce by five percent in 2014
    5. JC Penny to Close Stores, Layoffs Imminent
    6. Weak Job Report Surprises Economy

    Can't wait to see the GDP figures... Should the +3% anticipated forecast fail, as did the Job Report, the PM sector will undoubtably experience another hike.

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    • Thanks again AG. I will be holding my current positions. And like you say, "take your post with a grain of salt". Just like your observation. Been around the block and maybe learned a thing or two.

    • Just added dates to your work so I could get grasp on what you are projecting...

      Economic recovery, you say!
      JOB CUTS ANNOUNCED IN 2013
      1. Announced – Feb 27, 2013JP Morgan Chase & Co….Job cuts: 19,000 over next 2 years.
      2. J.C. Penney Company, Inc., Job cuts: 15,020 more like 43,000 March 21, 2013
      3. International Business Machines Corp., Job cuts: 9,400, June 12, 2013
      4. Boeing Co., Job cuts: 5,800, May 2013 through present
      5. American Express Company, Job cuts: 5,400, January 10, 2013
      6. Wells Fargo & Co., Job cuts: 5,236, August through October, 2013
      7. Cisco Systems, Inc., Job cuts: 4,500, August 14, 2013
      8. MetLife Inc., Job cuts: 3,150, May through November, 2013
      9. Blockbuster / Dish Network Corp., Job cuts: 3,000, January, 2013
      10. United Technologies, Inc., Job cuts: 3,000, canceled job cuts, outlook inline

      NEWS RELEVANT TO THE RECENT 2014 REPORTS
      1. UPS Projects Fourth-Quarter Profit Below Estimates
      2. Nintendo slashes 2014 sales forecast for Wii U from 9 million to 2.8 million
      3. Best Buy Falls On Weaker-Than-Expected Holiday Sales
      4. Intel to reduce global workforce by five percent in 2014
      5. JC Penny to Close Stores, Layoffs Imminent….Job cuts projected: 2000
      6. Weak Job Report Surprises Economy

      I'm concerned because I own 35k shares of MTG which is a Mortgage Insurance Play. I have ridden it all through 2013 from $3.26 to $8.92 as of today. Will most likely stay put. 4QER due January 23, thursday before market open..

      Will see what the out look is.....

    • AG_AU_ U Interesting research / Notes. Impressive and good observation. I'm gonna look at 2013 as you have laid it out and continue to what you have for 2014.....If all what you say is valid, extreme caution is for me. Will more than likely pick short short positions in the high flyers. Thanks

    • There is only one company that will survive and soon we will all be working for this company that does not produce anything, has free health care, free travel, free housing, free everything. And it is all based on the largest ponzi scheme in the history of the world!!!! It's called the United States Government. The time is now to take your country back....

    • And they say sears might not make it through the year.

 
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