Word: forecasts
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Dates: during 1990-1999
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...years of running money professionally, I always marveled at how few people could predict the direction of the next point or two. Irrational factors, chance motions and temporary buy-and-sell imbalances are almost impossible to forecast...
Should you buy UPS when it goes public? Big Brown is a great company that's been growing earnings steadily through cost cutting and world expansion. It's getting an incremental boost from the Internet. In the second quarter, reported last Thursday, its income jumped 28%, and the company forecast "a significant increase" in this holiday season's e-commerce. Last year UPS delivered 3 billion packages in 200 countries, earning $1.7 billion on sales of $24.8 billion--way bigger numbers than FedEx's. And there's no place in the U.S. that UPS doesn't go. If e-commerce...
Unfortunately for me, a proud Valley-dweller, it won't be until the end of the summer (the optimistic forecast) that the line is extended across the Hollywood Hills. Besides that however, living in the Valley is no drawback. While it may be a social faux pas to mention my address at parties, the spaciousness, easy access to the local park, library and YMCA (not to mention low rent) make me glad I'm not living in a noisy, crowded apartment ensconced in some flashy zip code which would not deign to have a bus stop between their palm trees...
...fields I work in aren't really related to what he does," he said, "but what one observed about him as a professor did not really forecast what he would become...
...forecast rain tonight, tomorrow and forever. Be sure to pack your umbrellas, folks...