Word: turnarounds
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...Friday got both the Dow, at 10,539, and the NASDAQ, at 2,084, to levels they hadn't seen in months, because everybody agreed that things were bad but might not get any worse. But everybody also agrees the real turnaround in business spending is a half a year away, and any revivification of the manufacturing sector might take longer than that. So as 1,200 companies air their dirty balance sheets in public this week, what more is there for an investor to get still more excited about...
Finnfighter is one of several Gdynia prototypes that go beyond mere tinkering with conventional cargo hulls to meet the special needs of international clients. Together with lower labor costs and aggressive restructuring, this kind of niche marketing has fueled a remarkable turnaround. Order books for the Gdynia Shipyard Group are among the fattest in the global shipbuilding industry. Between now and 2004, some 65 ships worth more than $2 billion will sail from these docks...
...them this year en route to breaking even in 2002. Finally, some grudging respect is coming Phoenix's way. "I'll give them their due," says Graeme Maxton, of the automotive industry consultants Autopolis. "I didn't think they'd last this long." Rover executives insist their five-year turnaround plan is working, and cite sales figures as evidence: the company moved 205,000 cars last year, exceeding its goal by 5,000. And while sales are projected to dip to 187,000 cars this year, the company says it expects that number to rebound...
...about (or below) zero growth, not responding. Unemployment ticking up. Consumers, making up two-thirds of said economy, desperately needing to continue whistling past this graveyard and spend as if they still had a secure job and a solid portfolio. And now the commonly quoted date for turnaround is edging into next spring...
...when Madonna gave a Frenchman called Mirwais the job of producing half the songs on last year's Music album, it simply confirmed the extraordinary turnaround that has taken place over the past four years: French music has become cool...