Word: demanding
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...necessarily reflect the growth of the underlying business. Indeed, most companies have just wrapped up a year of dismal quarterly results where many slashed jobs and other expenses to weather the debilitating recession and frozen credit markets. Thus, the near-term earnings may look much improved even though demand for a company's products may have slumped. "Cost-cutting has been the major force driving earnings and earnings surprises," says Dirk Van Dijk, chief equity strategist at Zacks Investment Research, which monitors earnings projections from Wall Street analysts. And "clearly companies cannot continue to grow earnings forever based only...
...line sales-revenue growth in addition to earnings for insight into a company's true business growth. Randy Cass, founder of First Coverage Inc., a financial-services-research company, agrees, noting that "2010 will be much more of a 'show me' type of year," in which investors demand clear data indicating that company fundamentals back up the run-up in stock prices seen...
...This flexible approach has paid off for BMW, which finished the year as the top seller of luxury cars in the country. The competition, however, is good for everyone, says Kronschnabl, who expects the luxury market will more than double in size by 2015. "There's still pent-up demand," he says. "Everyone's growing, nobody's losing...
Although Schwarzenegger insists he will not raise taxes, in his speech, he requested $6.9 billion in aid from Washington. This would not be a bailout, he said, but a demand for fairness. "When President Clinton was in office, California got back 94 cents on the dollar from the Federal Government. Today, we only get 78 cents back. But in the meantime, Texas gets 94 cents, Pennsylvania gets $1.07," he said. "And guess what New Mexico gets? $2.03." Without the additional federal money, Schwarzenegger said, he will again propose the elimination of CalWorks, the state's welfare-to-work program...
...that the U.S. is meeting appropriate beef safety standards. Many Taiwanese, however, are still not convinced. After the new agreement was signed in October, thousands protested in Taiwan, with one student even eating a cow dung burger (worms and all) in front of the presidential office to demand the government renegotiate. "The Ma administration underestimated people's worries," says Yen Chen-shen, a research fellow at National Chengchi University's Institute of International Relations. "They never really tried to ensure Taiwanese consumers that this is going to be safe...