Feb 10, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Fake Coup Is Best Solution To Resolve US Debt « Daily Reckoning »

Posted: 10 Feb 2010 01:00 PM PST

Long live Octavia, absolver of American debt!
If it is in fact true that it's too difficult to have giant sandworms eat the debt, or to hide the nation in some kind of mysterious fog, or to create a plan for mass, widespread amnesia… well, in that case, then a fake overthrow of the government probably is the best solution.
See the video below for what is perhaps America's most reasonable hope for fiscal salvation.

U.S. Government Stages Fake Coup To Wipe Out National … [visit site to read more]

Bernanke On Exit Strategy « Zacks Investment Research »

Posted: 10 Feb 2010 12:57 PM PST

Fed Chairman Ben Bernanke was scheduled to testify on Capitol Hill this morning, but because the Capitol was frozen (by the weather, not just by filibusters) the hearing was cancelled. However, he did release his prepared testimony.
In general, in his remarks about monetary policy, Bernanke addressed the “how” of draining the huge amount of liquidity added to the system over the last 18 months or so, but he did not address the “when.” The “when” really is the most important question.
To my … [visit site to read more]

Stocks That Could Outperform As Business Spending Is Expected To Increase « Money Morning »

Posted: 10 Feb 2010 12:50 PM PST

Last week we learned that the U.S. economy expanded by a whopping 5.7% annual rate in the 2009 fourth quarter - the biggest jump since 2003. This was well ahead of the 4.5% consensus estimate and solidly beats the 2.2% growth rate achieved in last year’s third quarter. The turnaround is the largest in almost three decades.

The main driver of the performance was a big slowdown in the rate at which businesses were drawing down their inventories. This alone contributed 3.4% to overall growth in … [visit site to read more]

Vivo Misses As Costs Offset Sales « Zacks Investment Research »

Posted: 10 Feb 2010 12:42 PM PST

Vivo Participacoes (VIV), the largest wireless operator in Brazil, reported results for fourth quarter 2009 with earnings per ADS of 32 cents missing the Zacks Consensus Estimate of 41 cents. Net income fell 0.2% year-over-year to R$221.6 million ($127.8 million) as revenue growth was offset by higher operating cost (up 1.2% year-over-year).
For full year 2009, net income more than doubled to R$857.5 million ($436 million) or R$2.14 ($1.09 per ADS), which were also below the Zacks Consensus … [visit site to read more]

Wyndham Beats, Triples Dividend « Zacks Investment Research »

Posted: 10 Feb 2010 12:25 PM PST

Wyndham Worldwide Corporation (WYN) reported fourth quarter earnings of 40 cents per share. Earnings were ahead of both the Zacks Consensus Estimate of 37 cents and the company's guidance of 35 to 38 cents a share. The beat was driven by better-than-expected revenue.
The company had experienced a $7.63 loss per share in the prior-year period as a result of goodwill impairments, foreign currency losses, restructuring costs and legacy items. Excluding these items, the company reported … [visit site to read more]

Video: 02/10 FX Options Report « NYFP »

Posted: 10 Feb 2010 12:22 PM PST

The USD turned higher against the JPY, and extended gains vs. the EUR after the release of Bernanke outlined measures to withdraw stimulus. … [visit site to read more]

XL Capital Misses By A Penny « Zacks Investment Research »

Posted: 10 Feb 2010 12:09 PM PST

XL Capital's (XL) fourth quarter earnings of 69 cents per share were only a penny short of the Zacks Consensus Estimate of 70 cents. Earnings dragged due to a 72% decline in underwriting income from the Property and Casualty segment, partially offset by low operating expenses.
XL Capital reported a net loss of $40.3 million, or 12 cents per ordinary share, primarily due to $254.8 million of after-tax net realized losses on investments. Last year the company had reported a loss of $4.33 per … [visit site to read more]

My Favorite Energy Plays: Geothermal And Nuclear « Daily Reckoning »

Posted: 10 Feb 2010 12:00 PM PST

Last month, I traveled halfway around the world to Australia and New Zealand while researching one of my favorite investment themes: the growing scarcity of resources like water, farmland, and energy.
One of the highlights of my trip was taking a group of subscribers to visit one of the world's best resource investors – Rick Rule – at his farm outside of Auckland, New Zealand. After eating lunch, we got down to the business of the market.
Rule expects markets will be extremely volatile … [visit site to read more]

Are ETFs Really In A Bubble? « Tom Lydon »

Posted: 10 Feb 2010 11:55 AM PST

We’ve seen bubbles in tech/internet stocks, real estate and maybe commodities, but could exchange traded funds (ETFs) be the next victim of a bubble?

According to Yale economist Robert Shiller, there are seven indicators for recognizing an asset price bubble, as stated in TheStreet:

Dramatic increase in the price of an asset
Consequent public excitement about the increase
Additional media hype
Stories of certain people getting rich, which generates envy among others
Greater … [visit site to read more]

Dean Foods Results Modest « Zacks Investment Research »

Posted: 10 Feb 2010 11:53 AM PST

Dean Foods (DF) reported fourth-quarter results with adjusted earning per share of 31 cents per share, which was below the Zacks Consensus Estimate of 38 cents. Earnings were also down 32.6% year-over-year.
Quarterly net sales declined 3.2% year-over-year to $3.0 billion as the company passed on lower dairy commodity costs to consumers in the form of lower prices. This was partially offset by acquisition-related growth at Fresh Dairy-Direct and WhiteWave Morningstar.
Net sales in the Fresh … [visit site to read more]

New York Times Tops Expectations « Zacks Investment Research »

Posted: 10 Feb 2010 11:37 AM PST

The New York Times Company (NYT) recently reported better-than-expected fourth-quarter 2009 results buoyed by significant cost-cutting measures, newspaper price increase, and improving trends in the advertising environment.
The New York Times quarterly earnings of 44 cents a share surpassed the Zacks Consensus Estimate of 41 cents, and soared 22.2% from 36 cents delivered in the prior-year quarter. In the last 30 days, the Zacks Consensus Estimate has shown an improvement of 2.5%, when 1 out … [visit site to read more]

Forex Trading: AUDUSD Pushes Against The 200 Hour MA As The Market Awaits The Unemployment Report « Greg Michalowski »

Posted: 10 Feb 2010 11:32 AM PST

The AUDUSD has stayed between the "Goal Posts" as defined by the 100 and 200 hour MA levels ( blue and green line in the chart above). The price has been pushing the 200 hourMA over the last few bars and tested this  MA level on no fewer than 9 separate hourly bars today.  There is additional resistance above at 0.8787 but a move above both should lead to further upside potential for the pair. 
On the downside, the price has dipped to 0.8709 on two separate bars.  … [visit site to read more]

Quality Systems & Ingram Team Up « Zacks Investment Research »

Posted: 10 Feb 2010 11:22 AM PST

Recently, Ingram Micro Inc. (IM) and NextGen Healthcare Information Systems, Inc., the wholly-owned subsidiary of Quality Systems, Inc. (QSII), joined forces for the quick adoption of Electronic Healthcare Records (EHR) in the U.S.
 
The NextGen division, headquartered in Horsham, Pennsylvania, and significant locations in Atlanta, Georgia, St. Louis, Missouri and Hunt Valley, Maryland, focuses principally on developing and marketing products and services for medical practices. The … [visit site to read more]

St. Jude Gets Approval « Zacks Investment Research »

Posted: 10 Feb 2010 11:06 AM PST

St. Jude Medical, Inc. (STJ) recently received the CE Mark approval for marketing its Fortify and Fortify ST implantable cardioverter defibrillators (ICD) and Unify cardiac resynchronization therapy defibrillator (CRT-D) in Europe. St. Jude expects to launch these devices on a large scale in the spring of 2010. The U.S. approval is pending and the company expects to launch these products there in late 2010.
 
The Fortify ICD and Unify CRT-D devices are of smaller size compared to their … [visit site to read more]

Economic Warnings From An Elderly 3rd Grader « Daily Reckoning »

Posted: 10 Feb 2010 11:00 AM PST

I was leisurely looking out of the periscope of the Mogambo Bunker Of Paranoid Fear (MBOPF), using it not as an aiming device with which to direct a devastating firepower at enemies both real and/or imagined, but to look in pity at the faces of all the people passing by, and muttering disrespectful things to myself about each one, like, "Enjoy that new car, fatso! You are doomed because of the inflation in prices that will follow the Fed's irresponsible creation of excess money and credit, … [visit site to read more]

Cameron Edges Past Estimate « Zacks Investment Research »

Posted: 10 Feb 2010 10:50 AM PST

Cameron International Corp.'s (CAM) fourth quarter results were marginally better than expected, reflecting solid performance in the execution of project-related business. Earnings per share, excluding severance-related costs and charges associated with the acquisition of NATCO Group, came in at 54 cents, a penny above the Zacks Consensus Estimate.
 
Estimates Revisions Trend
 
It was the company's fourth consecutive positive earnings surprise. Cameron has consistently … [visit site to read more]

IFF Beats Zacks Consensus « Zacks Investment Research »

Posted: 10 Feb 2010 10:34 AM PST

International Flavors & Fragrances Inc. (IFF), a leading global creator of flavors and fragrances for consumer products, announced financial results for the fourth quarter and full year 2009.
 
Reported earnings per share (EPS) was 63 cents, compared to 50 cents in the fourth quarter of 2008. This was slightly above the Zacks Consensus Estimate of 60 cents. EPS for the full year 2009 decreased 3% to $2.69 versus $2.76 in the prior year, as strong second half performance … [visit site to read more]

Video: Market Movers: DF, S, C, DELL, TIF « NYFP »

Posted: 10 Feb 2010 10:31 AM PST

The latest news and information on U.S. stocks that are moving the market. … [visit site to read more]

CTIC Drug Approval Delayed « Zacks Investment Research »

Posted: 10 Feb 2010 10:18 AM PST

The wait for the approval of Cell Therapeutics' (CTIC) drug, Pixuvri (pixantrone) is far from over. Recently, the US Food and Drug Administration (FDA) announced that the Oncologic Drugs Advisory Committee meeting, scheduled for Feb 10, has been postponed due to bad weather conditions in the Washington region. 

Cell Therapeutics is seeking FDA approval of Pixuvri for the treatment of relapsed or refractory aggressive non-Hodgkin's Lymphoma (NHL) in patients who have not responded … [visit site to read more]

Video: Risk Aversion Returns On Economic News « NYFP »

Posted: 10 Feb 2010 10:15 AM PST

Risk aversion continued this session following pessimistic European economic data & a widening of the US trade balance. … [visit site to read more]

General Dynamics Bags Contract « Zacks Investment Research »

Posted: 10 Feb 2010 10:03 AM PST

General Dynamics Corp. (GD) has received a U.S. Army contract worth $253 million to provide contractor logistics support for the Stryker family of combat vehicles. Logistics support, vehicle resets and upgrades are a continuing area of General Dynamics’ combat systems-related business. The U.S. Army TACOM Lifecycle Management Command awarded the contract to General Dynamics Land Systems, a business unit of General Dynamics. 

General Dynamics will provide support to U.S. Army Stryker … [visit site to read more]

Troubling Trade Deficit « Zacks Investment Research »

Posted: 10 Feb 2010 10:03 AM PST

The U.S. Trade Deficit rose in December to $40.18 billion from $36.39 billion in November, $33.39 billion in October and slightly below the $41.86 billion deficit a year ago. This was a very disappointing number since the consensus expectations were for the deficit to only come in at $35.8 billion.
The trade deficit is a direct input into GDP (net exports) and the worse-than-expected numbers thus point to a downward revision of the fourth quarter GDP numbers (the initial figure was 5.7%). A … [visit site to read more]

Global Bailout Plan: Saving The PIIGS From The Slaughterhouse « Daily Reckoning »

Posted: 10 Feb 2010 10:00 AM PST

The Dow rose 150 points yesterday. We're not sure what to make of it. Does it mean we were wrong about the beginning of the end? Are we still in the middle? Or is our whole theory wrong?
Hold your horses, dear reader. We'll have to wait to find out.
The papers attributed the big upward thrust in share prices to news from Europe. The specific fact that caused the swing to profit had to do with Jean-Claude Trichet's travel plans. He was in Australia for one meeting; now he's coming back … [visit site to read more]

Silver - The Next Short-Term Move Will Be Up « Przemyslaw Radomski »

Posted: 10 Feb 2010 09:56 AM PST

Is America going to hell? It certainly seems that way if you read about the “post- American” world and listen to the television news programs that eulogize America’s position as the premier superpower. That is the reason why it was refreshing to read a reassuring article in latest issue of Atlantic Magazine.

The writer, James Fallows, claims that if you look at the comforts and abundance of American life, even at a time of recession, you realize that America is still one of the best places … [visit site to read more]

Volcano Expands Product Line « Zacks Investment Research »

Posted: 10 Feb 2010 09:48 AM PST

Volcano Corp. (VOLC) recently acquired the Xtract Thrombus Aspiration Catheter device line from Lumen Biomedical. Volcano was previously the exclusive distributor of the device. 

This deal is in-line with Volcano's goal to develop a portfolio of diagnostic and therapeutic tools that will help patients with coronary artery disease including acute myocardial infarction (AMI) or heart attacks. 

The Xtract thrombus aspiration catheter supports the care of ST Segment Elevation … [visit site to read more]

The US Budget Strategy Is “Disneyland Thinking” « Daily Reckoning »

Posted: 10 Feb 2010 09:44 AM PST

In just ten short years — according to the government's $3.8 trillion 2011 budget — the interest payments alone on US debt will amount to nearly $1 trillion annually. It's a massive and clearly unsustainable sum. Amazingly, there has not been much widespread criticism of the budget. Much of the media has welcomed its candor, and the openness with which it lays out what now appears to be an insurmountable problem.
Although, in its honesty one would think it must offer some solution for … [visit site to read more]

Nexen’s Long Lake Output Rises « Zacks Investment Research »

Posted: 10 Feb 2010 09:33 AM PST

Nexen Inc. (NXY), a major Canadian oil and gas company, has provided its Long Lake projects update. Following the turnaround, which was completed late last year, steam production ramped up at an all time high of more than 105,000 barrels per day (bpd). As a result, the company is injecting more steam into more wells than ever before. The increased steam injection has resulted in a bitumen production rate of around 18,000 bpd. 

The company said that it is now in a position to provide … [visit site to read more]

ATC Reports Flat Earnings « Zacks Investment Research »

Posted: 10 Feb 2010 09:18 AM PST

ATC Technology Corp. (ATAC) has posted flat earnings of 50 cents per share (before special items) for the fourth quarter of 2009, compared to the year ago level. This was a tad lower than the Zacks Consensus Estimate of 52 cents per share. Consolidated revenue in the quarter was almost flat at $125.3 million, compared to $126.5 million in the fourth quarter of 2008. 

Revenue in the Logistics segment rose 6.4% to $93.4 million. However, the segment profit increased 15% to $17.6 million … [visit site to read more]

Disney Beats Zacks Estimate « Zacks Investment Research »

Posted: 10 Feb 2010 09:11 AM PST

The Walt Disney Company (DIS), a diversified entertainment company, recently reported better-than-expected first-quarter 2010 results on the heels of strong results from its Media Networks segment, and effective cost management at its film studio.
The quarterly earnings of 47 cents a share outdid the Zacks Consensus Estimate of 39 cents, and jumped 15% from 41 cents delivered in the prior-year quarter. On a reported basis, including one-time items, earnings came in at 44 cents, down 2% from … [visit site to read more]

Four Commodities… Four Ways To Profit « Investment U »

Posted: 10 Feb 2010 09:11 AM PST

Wednesday, February 10, 2010: Issue #1194
So much for the oil rally.
The market started 2010 in blazing fashion, with March oil futures tagging $84 a barrel. Next stop: $100, right? A price not seen since the fall of 2008. Not so fast…
The market has suddenly lost its momentum and the price slumped to under $70 last Friday – its lowest level in five months.
If you want to know why, look no further than the U.S. dollar, which has warmly welcomed 2010 and rallied higher (just as my colleague … [visit site to read more]

Millicom Tops Expectations « Zacks Investment Research »

Posted: 10 Feb 2010 09:03 AM PST

Millicom International Cellular SA (MICC) has declared fourth quarter fiscal 2009 financial results. Quarterly total revenue of $923.7 billion was an improvement of 9.8% year-over-year as well as 7.9% sequentially. Fourth quarter revenue of $923.7 million was also better than the Zacks Consensus Estimate of $876 million. This was primarily due to impressive contribution from African and Latin American regions. 

On a GAAP basis, net income in the fourth quarter 2009 was $454.2 million … [visit site to read more]

Sprint Misses, But Losses Slow « Zacks Investment Research »

Posted: 10 Feb 2010 08:53 AM PST

Sprint Nextel (S) reported fourth-quarter 2009 results with a net loss per share of 34 cents, wider than the Zacks Consensus Estimate of a loss of 18 cents. The third-largest U.S. wireless carrier posted a net loss of $980 million, 40% lower than the net loss of $1,621 million (57 cents per share) reported a year ago.
Net loss for full-year 2009 was $2.44 billion or 84 cents per share, also worse than the Zacks Consensus Estimate of a loss of 66 cents.
Sprint's shares were down 34 cents (or … [visit site to read more]

RightNow Exceeds Consensus « Zacks Investment Research »

Posted: 10 Feb 2010 08:47 AM PST

RightNow Technologies Inc (RNOW) reported fourth quarter of 2009 earnings per share from continuing operations of 5 cents, exceeding the Zacks Consensus Estimate of 1 cent. This was excluding a non-recurring litigation settlement gain of $1.0 million in the quarter.
Total revenue in the quarter was $41.6 million, compared to $36.1 million in the fourth quarter of 2008. Recurring revenue in the quarter increased 22% to $32.2 million from $26.5 million in the fourth quarter of 2008. During the … [visit site to read more]

UDR Fourth Quarter FFO Declines « Zacks Investment Research »

Posted: 10 Feb 2010 08:33 AM PST

UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), reported fourth quarter 2009 FFO (fund from operations) of $45.5 million or 28 cents per share compared to $58.3 million or 40 cents per share in the year-earlier quarter. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
For full year 2009, UDR reported FFO of $189.6 million or $1.19 per share compared to … [visit site to read more]

Germany Weighs Possible Bailout Of Greece « Daily Reckoning »

Posted: 10 Feb 2010 08:30 AM PST

There are rumors going 'round that, 1. There is a secret central bank meeting going on, and 2. That Germany is weighing bailout possibilities for Greece…
The latter really lit a fire under the risk assets yesterday, allowing stocks, currencies and commodities to enjoy a day in the sun, away from the shade the dollar was casting on the risk assets. Stocks turned around and had a strong showing for the day, gold was up $15, and currencies, led by the Brazilian real (BRL) gained back some … [visit site to read more]

Video: Sprint Reports Better-Than-Expected 4Q Results « NYFP »

Posted: 10 Feb 2010 08:28 AM PST

The Sprint Nextel Corporation announced Wednesday that its 4Q results came in better-than-expected as they lost fewer subscribers from one year earlier. … [visit site to read more]

Video: People Are Trying To Settle In & Figure Out The Markets « NYFP »

Posted: 10 Feb 2010 08:27 AM PST

According to floor trader Jeff Frankel, following last week’s volatility, investors appear to be settling down while trying to figure out what is going on in the markets. … [visit site to read more]

Cardinal Health Upgraded « Zacks Investment Research »

Posted: 10 Feb 2010 08:17 AM PST

We have recently upgraded Cardinal Health Inc. (CAH) to "Outperform” with a target price of $37 based on approximately 15.7x our fiscal 2011 EPS estimate of $2.36.
 
Cardinal Health reported second quarter fiscal 2010 earnings per share of 57 cents, beating the Zacks Consensus Estimate of 46 cents and the year-ago earnings of 51 cents. Total sales increased 3% year over year to $24.9 billion, fueled by growth across all business segments.
 
Pharmaceutical segment revenues … [visit site to read more]

Bullish USDA Report Sparks Cotton Rally « OptionsXpress »

Posted: 10 Feb 2010 08:17 AM PST

Fundamentals
Cotton bears have been running to the exits the past couple of days, as short-covering buying ahead of Tuesday’s USDA report and estimates for increased U.S. Cotton exports have put a halt in the recent sell-off. The Department of Agriculture raised its estimates for 2009-10 U.S. Cotton exports to 12 million bales, which is up 1 million bales from January’s estimate. U.S. January Cotton exports totaled 1.8 million bales according to the USDA. The size of the increase caught traders … [visit site to read more]

Video: Asian Markets Mostly Rise « NYFP »

Posted: 10 Feb 2010 08:06 AM PST

The major Asian/Pacific markets were mostly in the green this session with only the Sensex declining. … [visit site to read more]

Consolidated Edison To Go Solar « Zacks Investment Research »

Posted: 10 Feb 2010 08:01 AM PST

Consolidated Edison Inc. (ED) has filed a proposal with the state of New York asking for funds for solar energy projects in New York City. The company has requested $24.8 million from the state to fund renewable energy programs for residential and commercial customers in New York City. The company filed a proposal with the New York State Public Service Commission (PSC) to support the development of 25 MW of solar energy resources in New York City by 2015, which would offset about 16,000 tons … [visit site to read more]

“Too Big To Fail” Is No Redemption Song « Avinash Persaud »

Posted: 10 Feb 2010 07:57 AM PST

Policymakers and commentators have recently argued for downsizing banks that are “too big to fail.” This column argues that the logic is based on an illusion. A 2006 list of institutions considered “too big to fail” would not have included Northern Rock, Bear Sterns, or even Lehman Brothers. Instead, regulators should aim to make the financial system less sensitive to error in the markets’ estimate of risk.

A new global governance was forged in the white heat of the financial crisis. The … [visit site to read more]

Abbott Seeks Approval For New Test « Zacks Investment Research »

Posted: 10 Feb 2010 07:45 AM PST

Abbott Labs (ABT) recently announced that it is seeking US Food and Drug Administration (FDA) approval for a new diagnostic tool which can be used to monitor patients for the detection of the most common form of ovarian cancer. The ARCHITECT human epididymis protein 4 (HE4) assay has been designed to help monitor the recurrence or progression of epithelial ovarian cancer. 

The test, which has been developed under a partnership with Fujirebio Diagnostics, Inc., recently received … [visit site to read more]

Launching The New And Improved Free ETF Screener « Michael Johnston »

Posted: 10 Feb 2010 07:44 AM PST

Earlier this week, we introduced our Index Database, a comprehensive collection of all indexes covered by U.S.-listed exchange-traded funds. Today, ETF Database is pleased to announce that we have integrated the Index Database with our free ETF screener to create a unique tool that allows investors to quickly and easily identify ETFs that seek to replicate the performance of a certain benchmark.
For example, selecting the "equity" dropdown box in the screener will then present the option to … [visit site to read more]

Video: NYSE Opening Bell Market Monitor: DIS, DELL, NYT « NYFP »

Posted: 10 Feb 2010 07:43 AM PST

The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more]

Ceridian - UCLA Pulse Of Commerce Index « Guy Lerner »

Posted: 10 Feb 2010 07:40 AM PST

The Ceridian - UCLA Pulse of Commerce Index tracks fuel purchases at 7000 truck stops around the country, and the idea is that the index will mirror industrial production providing a timelier snapshot into the state of the economy. The index was developed by the UCLA Anderson Center in conjunction with credit card processor Ceridian.

I want to thank TL for bringing this interesting data point to our attention. See the “Morning News Notes”.

Figure 1 shows the Ceridian - UCLA Pulse of Commerce … [visit site to read more]

EOG Misses, Ups Dividend « Zacks Investment Research »

Posted: 10 Feb 2010 07:30 AM PST

EOG Resources Inc. (EOG), a major independent oil and gas exploration and production company, reported weaker-than-expected fourth quarter results. Quarterly earnings were 92 cents per share, compared with the Zacks Consensus Estimate of 98 cents and a year-ago profit of 74 cents. Despite a significant increase in liquid prices, earnings missed due to higher operating expenses, almost flat production volumes and still struggling natural gas prices.
 
While EOG's results came in below … [visit site to read more]

AGCO Beats On Lower Profits « Zacks Investment Research »

Posted: 10 Feb 2010 07:15 AM PST

AGCO Corp. (AGCO) reported fourth-quarter earnings of 35 cents per share, beating the Zacks Consensus Estimate of 30 cents, but 67% below the prior-year EPS of $1.05. The significant decline in quarterly earnings compared to last year was primarily driven by lower sales volumes and weaker product mix. 

Net sales for the quarter were $1,852.5 million, down 14.1% compared to the fourth quarter of 2008. Excluding favorable currency translation impact of 10.1%, fourth quarter sales fell … [visit site to read more]
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)