Word: spinnings
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...spin-off also leaves a pure-play candy outfit that might be able to find chocolatey growth again. "We're focused on delivering," says CEO Todd Stitzer, the veteran Cadbury executive who is only the second person outside the Cadbury family to run the shop. Stitzer is predicting that yet another restructuring--the company plans to close 15% of its factories and ax 15% of its workers in the next four years--will allow Cadbury's chocolate, candy and chewing-gum business to deliver annual sales increases of 4% to 6% and profit margins in the midteens by 2011 from...
...billion. Cadbury's clever drumming-gorilla ads helped too. Morgan Stanley said in a recent report that "unlike with many other consumer stocks, we expect Cadbury's earnings growth to accelerate." Says David Morris, food and beverage research director at Mintel International Group, a market-research company: "The spin-off is a smart move. Investors had felt these businesses weren't getting their appropriate valuations when they were combined." As stand-alones, they can also grow by attracting merger partners, he says...
...that the two companies are separated, Wall Street buzz naturally revolves around their merging with or buying other companies or being sold themselves, especially in the wake of the Mars-Wrigley deal. "We believe [the spin-off] makes Cadbury a more attractive potential acquisition target, especially for Kraft," says Andrew Wood, a Sanford C. Bernstein & Co. analyst...
...declared the end of the era of big government can make a more powerful statement by declaring the end of another era, his own era, an era of small politics. You could call it the Clinton-Bush era, an era of partisan war rooms and poll-tested spin and round-the-clock gamesmanship designed to win the next news cycle. It would be hard to imagine a more compelling proponent of Obama's claim to a new politics than a legendary victim as well as an adept practitioner of the old politics...
...using paddles, or bats, that include a layer of sponge between the paddle and the rubber - anywhere between 2mm and 4mm, according to International Table Tennis Federation (ITTF) rules. That sponge, and the glue layered between it and the rubber, can give players a cushion that helps them to spin and direct the ball better...