Pretzel Logic
Yesterday, following questionable INTC and dismal AMD numbers, Texas Instruments with a Q1 DISASTER...
Revenue, net profit, "free" operating cash and EPS plunged, inventory on hand bloated while sales declined faster than inventory built up...
..."ebullient" investors bid up TXN afterhours & so far today +8%... driving the SOXX semis index up 2.7%... heres a Nattering Reality check....
with TXN shares trading at 40X trailing free cash flow and further inventory correction to come, the shares are exorbitantly priced... DOH!!!
"We will not invade Poland" is to "the housing drag will not effect the economy"...
Retailer Target says April comps will be much weaker than forecasted decline of 2-4%... due to housing's drag on the economy.
Yesterday, contrary to the Treasury and Fed, GM Vice Chairman Lutz said "subprime spillover is effecting auto sales".
We've Nattered about GM execs getting some heady bonuses for LOSING BILLIONS and cutting production....
Coming closer to toppling GM's 76 year streak as #1 in the world, Toyota outsold General Motors by 90,000 vehicles in Q1.
Toyota is ADDING global production at a record rate. Toyota expects to post a net profit of $13 billion for the business year ended last month.
Meanwhile with those FAT GM exec paychecks.... GM lost $3 billion in 2006 and $12 billion in 2005.
The Nattering One muses... we see how subprime is "hurting" Toyota, what are their execs getting paid? and how "ebullient" are the GM stockholders about this news?
In this upside down topsy turvy world of twisted logic, perhaps much like the TXN stock mentioned earlier, the GM execs will get another raise...
Revenue, net profit, "free" operating cash and EPS plunged, inventory on hand bloated while sales declined faster than inventory built up...
..."ebullient" investors bid up TXN afterhours & so far today +8%... driving the SOXX semis index up 2.7%... heres a Nattering Reality check....
with TXN shares trading at 40X trailing free cash flow and further inventory correction to come, the shares are exorbitantly priced... DOH!!!
"We will not invade Poland" is to "the housing drag will not effect the economy"...
Retailer Target says April comps will be much weaker than forecasted decline of 2-4%... due to housing's drag on the economy.
Yesterday, contrary to the Treasury and Fed, GM Vice Chairman Lutz said "subprime spillover is effecting auto sales".
We've Nattered about GM execs getting some heady bonuses for LOSING BILLIONS and cutting production....
Coming closer to toppling GM's 76 year streak as #1 in the world, Toyota outsold General Motors by 90,000 vehicles in Q1.
Toyota is ADDING global production at a record rate. Toyota expects to post a net profit of $13 billion for the business year ended last month.
Meanwhile with those FAT GM exec paychecks.... GM lost $3 billion in 2006 and $12 billion in 2005.
The Nattering One muses... we see how subprime is "hurting" Toyota, what are their execs getting paid? and how "ebullient" are the GM stockholders about this news?
In this upside down topsy turvy world of twisted logic, perhaps much like the TXN stock mentioned earlier, the GM execs will get another raise...
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