Word: macro
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...near term, we still expect losses to exceed management's expectations," wrote analyst Paul Miller, who follows banks at FBR Capital Markets, in a recent report to clients. Miller, who rates Wells' shares "underperform," expects Wells' stock to fall by half its current price to $12. "Given our macro outlook ... we just can't get comfortable with Wells' balance sheet...
...gaming analyst at brokerage CLSA in Hong Kong, says that China's economy is strengthening, which could benefit the city's tourism industry. He also notes the Chinese government seems to be loosening its tight visa restrictions on Chinese visitors. "We'll continue to see recovery because of these macro factors," Fischer says. "We have turned the corner." But predicting the future of Macau's gambling industry is a lot like rolling dice...
...increased 30% as it has gained more cred as a healthy and free-range alternative to lamb and beef. Now, with a recession in full swing, the relatively inexpensive, lean red meat is moving even faster. "Sales are going through the roof," says Ray Borda, owner of Adelaide-based Macro Meats, a meat-processing company that sells about 200 tons of kangaroo meat per week. "One, it's cheaper. Two, it's better for you. Three, it's better for the environment. It ticks all the boxes. People can't ignore it anymore...
...culling to control population, and more than half supported culling for commercial purposes. With a little help from global warming and the recession, the industry's biggest p.r. challenges may be behind it. "People are smart; they will Google anything and make up their own mind," says Borda of Macro Meats. "It just needs to do its time." Australus may not be the new beef yet, but Borda and others in the business hope demand will keep growing by leaps and bounds...
...higher taxes.” Ezzati said. “There could be less access to tobacco because it is regulated...The public health system’s role is to create the trigger for individual action.” Though Ezzati emphasized the need for changes at the macro level—like regulating access to tobacco, advertising, or information on packaging—one student smoker said there is a social aspect to smoking that might not be affected by such changes. “Along with the actual chemical addiction of nicotine, there’s also...