Ticker Shock: Walgreen's Tightens Belt; Toyota Hits Brakes Glenn Curtis Dec 22, 2008 12:45 pm |
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Per Reuters: “Analysts were expecting the company's second-quarter revenue to rise about 4%, to $9.63 billion.”
So here are my thoughts: This is a good company, and one that I think has the potential to make a comeback once this economic storm passes. But it’s obviously struggling a bit right now, and I just don’t see too much relief in the near-term.
Incidentally, another thing that caught my eye was information on Yahoo Finance that an officer, Stephen Smith, unloaded 15,000 shares in November. Of course, I don't know why he sold - but this isn't something I’m overlooking.
Toyota (TM)
“Toyota Motor Corp., the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit.”
Toyota came out and indicated that it expects to turn in a 150 billion yen operating loss in the current fiscal year. That’s down just a wee bit from the 600 billion yen operating profit it had reportedly been looking for previously.
Not terrific news, to be sure. However, here’s the thing: I think Toyota will be able to right its ship - and much more easily than, say, General Motors (GM).
Long story short, I’m not bottom-fishing the stock right here, near its 52-week low - but if I were looking to place a wager on this group, this would be my first stop.
Have a great day!
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