Word: colas
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...large part, precisely because they belong to the most popular index and simply got floated higher and higher on a tide of investor cash. Just this week Procter & Gamble, a charter member of the S&P 500, announced that it could not meet its growth targets. Coca-Cola too has stumbled on slower overseas growth. And the computerized "sell programs" have made the Generals ride a roller coaster of late...
Other companies that took major hits were transportation stocks whose business involves trade and travel: the parent companies of such airlines as American, United and Delta. Companies like Coca-Cola, Procter & Gamble and Gillette, which not long ago were praised for their successful penetration of global markets, last week were punished harshly through stock sell-offs. General Electric, the world's most valuable public corporation and one of the most admired, fell 22%, losing $68 billion of its market value...
...from a previous peak. Many investors, though, have been in a quiet bear market for several months; that's because, during the last stages of the run-up in the Dow and the S&P 500, most of the increase was accounted for by such large companies as Coca-Cola and Microsoft; many smaller stocks were left behind. In the S&P 500, virtually all the gains in share prices in recent months were made by the 50 largest. At the same time, the Russell 2000 index of smaller stocks--traditionally favored by many individual investors--was off 29% from...
...There are companies behind those pieces of paper we call stocks. If a company's fortunes sink, so eventually will its stock. Beware of any company whose price-earnings multiple is greater than the expected annual growth rate for its earnings over the next few years. For example, Coca-Cola's P/E, even now, is 40; its earnings could rise 15% a year. That's definitely not the real thing...
...price-earnings ratio, or P/E (based on expected earnings), is 21--down from 23 in July but still much higher than the previous peak of 19 in 1991, according to earnings tracker First Call. Meanwhile, market leaders still sport bubble-like P/Es: Coca-Cola, where unit sales are growing about 8% a year, has a P/E of 51. Microsoft's is 63; Cisco Systems', 78. High-flying Internet stocks have no P/E because they have no "E." Yahoo, the Net-search directory, trades at 73 times revenue. The comparable multiple for Coke...