Word: flatness
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...consolidate and buy up companies with liquidity problems." Constantine Petropoulos, chairman of Petros Petropoulos, a $158 million firm that sells cars, automotive supplies and industrial equipment, has already diversified his business, inking a deal to distribute Shell lubricants in Greece and Cyprus, a move he figures will keep revenues flat and prevent them from deteriorating. He plans to beef up his portfolio further. "We will acquire businesses that we wouldn't have ever been able to consider in better times," he says. "We will come out of this a stronger company...
Companies that have interests outside Greece are also likely to fare better. Kyriakos Sarantis, CEO of Sarantis, a $363 million consumer-products company, expects revenue to remain flat despite the problems at home, in large part because nearly 60% of his business is in Eastern Europe. "That exposure is helping," he says. Aegean Airlines, which may have to move to short-term leases for some of its fleet, is looking outward too. In the past six months, the carrier has added routes to Egypt, Israel and Turkey. Greece's $40 billion shipping industry--the country controls 22% of the world...
...Philadelphia publishing house, had the bright idea to combine classic works of literature with pop-culture tropes for fun and profit. He phoned Seth Grahame-Smith, a.k.a. the luckiest freelancer in the world, and told him to write Pride and Prejudice and Zombies. Grahame-Smith did - in two months flat - and it sold more than a million copies. Now it's being made into a movie starring Natalie Portman...
Taking on perennial powerhouse Johns Hopkins (3-2), the Crimson (1-1) came out flat on Saturday and was not able to recover from an early deficit, eventually falling to the Blue Jays...
...show that growth in the euro zone in the last quarter of 2009 was an anemic 0.1%. But it would have been far worse had euro-zone exports not surged 1.7%. Domestic consumer spending - which has been the main growth motor in Europe over the past year - was virtually flat, while business investment dropped 0.8%. That export activity occurred prior to the recent drop in the euro's value against the dollar. Given that fall, many European exporters hope their increasingly affordable products will start flying off shelves. The reason: beyond its recent drop, some analysts expect the euro...