Word: quartered
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...during a recession. The company said it expects EPS growth of as much as 6% this year. Altria recently bought another tobacco company,UST and the company has set layoffs because of the acquisition. However, Wall St believes that "sin stocks" tend to dodge downturns well. In the last quarter, the company made $1.1 billion on $4.7 billion in sales. Altria has almost $8 billion in cash and a business which is, compared to most, smokin...
...business. It can significantly improve its edge by putting money into initiatives while its rivals are cautious or under-funded. The world's largest search company has $14 billion in cash and no debt. It is adding to that cash base at the rate of about $1.5 billion a quarter...
...Colgate (CL) has "side-stepped the global slowdown" as MarketWatch recently wrote. In the most recent quarter the company's profits were up 20%. It would be hard to pick a better time to sell toothpaste, pet food, and shampoo. Even in a bad economy, most of these are products will have stable sales...
...Amgen (AMGN) is still growing rapidly unlike most Big Pharma companies. Its biotech business is producing novel medical treatments that have kept Amgen's sales solid while old line drug companies have been shrinking. In the fourth quarter, Amgen spent $770 million on R&D and needs to do so to both further refine and develop new drugs. The firm is not cutting back on the essentials for keeping its product mix strong simply because the economy is weak. Amgen expects to bring in $15 billion in revenue this year, about flat with 2008. Amgen has several products in trials...
...Corinthian College (COCO) shares are up well over 100% this year. It is another highly successful company in the education field which should benefit from the need of people out of work to develop new skills. In the most recent quarter, the company's profits rose 86% and it increased its forecast for the current year. The firm's CEO recently said "Although difficult to quantify, current trends indicate that the recession has helped increase marketing leads and student enrollment." It sounds like Corinthian may be hiring. On-line education is definitely in the boom phase of expansion...