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Guest yobob1

B4 the Bell Humpday, Sept. 22, 2004

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Twinkies Maker Seeking Ch. 11 Protection

Wednesday September 22, 8:41 am ET 

Twinkies, Wonder Bread Maker Reportedly Files for Bankruptcy Protection

 

KANSAS CITY, Mo. (AP) -- Interstate Bakeries Corp., the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy reorganization early Wednesday, according to a published report.

http://biz.yahoo.com/ap/040922/interstate_...nkruptcy_3.html

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Twinkies Maker Seeking Ch. 11 Protection

Wednesday September 22, 8:41 am ET 

Twinkies, Wonder Bread Maker Reportedly Files for Bankruptcy Protection

 

KANSAS CITY, Mo. (AP) -- Interstate Bakeries Corp., the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy reorganization early Wednesday, according to a published report.

http://biz.yahoo.com/ap/040922/interstate_...nkruptcy_3.html

Gee wiz, maybe people are tired of eating garbage masquerading as food....

 

Good riddance.

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Twinkies Maker Seeking Ch. 11 Protection

Wednesday September 22, 8:41 am ET?

Twinkies, Wonder Bread Maker Reportedly Files for Bankruptcy Protection

 

KANSAS CITY, Mo. (AP) -- Interstate Bakeries Corp., the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy reorganization early Wednesday, according to a published report.

http://biz.yahoo.com/ap/040922/interstate_...nkruptcy_3.html

There goes my "Twinkies Defence" :blink:

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Lucent mulls new cuts in retiree benefits - WSJ

Wed Sep 22, 2004 01:21 AM ET

NEW YORK, Sept 22 (Reuters) - Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , one of the world's biggest telecommunications equipment makers, is planning additional cuts in retiree health-care benefits, the Wall Street Journal reported on Wednesday.

Murray Hill, N.J.-based Lucent said in a letter to retirees that rising costs and the company's need to remain competitive made the step necessary, the newspaper said, adding the move will affect thousands of former employeees.

http://yahoo.reuters.com/financeQuoteCompa...22152536_newsml

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Lucent mulls new cuts in retiree benefits - WSJ

Wed Sep 22, 2004 01:21 AM ET

NEW YORK, Sept 22 (Reuters) - Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , one of the world's biggest telecommunications equipment makers, is planning additional cuts in retiree health-care benefits, the Wall Street Journal reported on Wednesday.

Murray Hill, N.J.-based Lucent said in a letter to retirees that rising costs and the company's need to remain competitive made the step necessary, the newspaper said, adding the move will affect thousands of former employeees.

http://yahoo.reuters.com/financeQuoteCompa...22152536_newsml

I bet exectuive management is on a different health plan. :angry:

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Lucent mulls new cuts in retiree benefits - WSJ

Wed Sep 22, 2004 01:21 AM ET

NEW YORK, Sept 22 (Reuters) - Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , one of the world's biggest telecommunications equipment makers, is planning additional cuts in retiree health-care benefits, the Wall Street Journal reported on Wednesday.

Murray Hill, N.J.-based Lucent said in a letter to retirees that rising costs and the company's need to remain competitive made the step necessary, the newspaper said, adding the move will affect thousands of former employeees.

http://yahoo.reuters.com/financeQuoteCompa...22152536_newsml

Thin end of the wedge.First you cut back on health scare benefits.Retirees get sick but cannot afford the doctor's bills.Retirees start dying like flies through untreated illness.Company reduces pension benefit burden substantially thro' early death of retirees.

 

Or am I just a bit cynical B)

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ConAgra Foods 1Q Profit Declines

Wednesday September 22, 7:50 am ET 

ConAgra Foods Posts Drop in 1Q Profit on Discontinued Operations, Higher Raw Material Costs

 

 

OMAHA, Neb. (AP) -- ConAgra Foods Inc., the country's top food producer, said Wednesday that first-quarter earnings declined year-over-year due to higher raw material costs and the sale of some operations.

http://biz.yahoo.com/ap/040922/earns_conagra_1.html

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Yesterday i posted my trade plan was to get short SnP...@ 1135-1137 area

if reached.

 

When trade was @ 1132 yesterday......trigger finger was twitching...but

decided to hold off and see if there was follow thru today...

 

Probably a mistake as it looks like 1132 may be high before correction

sets in

 

Will try and get short at some point today, depending how i see action

evolving........................................................................................

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The ugly implication of that Lucent story is that puffing earnings with layoffs has a sting in the tail, at least for companies with generous retirement plans.

 

In exchange for cutting current-year wage costs, the company gets a long string of future additions to pension costs.

 

Smells somewhat like the fixed-to-floating interest swaps at the low point for rates. The future was mortgaged away for the present benefit of option-compensated managers. Now the deferred pain is coming due. :o

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MoGauge Just Sits There

 

With Rates Near Record Lows

 

Once a week Doc fills you in on the all important MoGauge , straight from the MoGauge Bankers Ass. The MoGauge reflects a major source of liquidity in the financial bubble world and is an important indicator of future market behavior, often forecasting broad market movements months in advance. Take a subscribatory and download your MoGauge RIGHT NOW!

 

 

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FEDEX CORP. (FDX)

Sees 2005 earnings of $4.40 to $4.60 a share, below

anal cyst views of $4.61; posted first-quarter earnings of

$1.08, in line with anal cyst views.

Tuesday Close: $88.69

Net Change: Up 14 cents

% Change: 0.2%

Volume: 1.8M Shares

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The ugly implication of that Lucent story is that puffing earnings with layoffs has a sting in the tail, at least for companies with generous retirement plans.

 

In exchange for cutting current-year wage costs, the company gets a long string of future additions to pension costs.

 

Smells somewhat like the fixed-to-floating interest swaps at the low point for rates. The future was mortgaged away for the present benefit of option-compensated managers. Now the deferred pain is coming due. :o

Excellent observation MH

 

So many warning shots across the bow

So few care...

 

 

Reviewing the tick action yesterday leaves me stunned.

Someone was sleeping on the buy button throughout the entire day.

Until the tick machine blows a gasket fighting the interference may be a frightening experience...

 

28 Trading days to go and power will never again be bothered with irritating elections.

 

Take Delivery

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I remain stupidly in the deflation camp with a nod towards hyperinflation as the possible end-game when fiat finally dies implying the death of the republic. 

Nice opening, Yobob.

I concur with your assessment of the current state of things and the end game. In a post some months ago I said that rising commodity prices are not necessarily inflationary, that a strong bond market and higher commodity prices can coexist. This occurred during much of the 1929-1949 period. Today's investor only remembers the consumer inflationary period, when capacity utilization was high and financial regulation was heavy. That's gone. We are living in a time where few, if any, investors have experience. They keep looking behind them expecting their past to repeat itself. We may be reliving a past time, just not one of our experience. The post WW II period was a golden one for stocks because they were cheap, as the investors of that era expected a replay of the Depression which was the dominant event of their lives. Today's investor expects the return of consumer inflation and a bull market, the dominant events of their lives.

We are truly hostage to our experience. The ones who can rise above their experience, who do not attempt to paint the current state of affairs with the colors of their limited vision, will do well. The rest will simply be frustrated as they keep looking for yesterday's events to replay themselves.

Interesting concept. The question remains do you hold worthless dollars or metals?

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Doc : Wednesday 07:45 ETUS - Gold broke the short term downtrend...

 

We don't have the same downtrend.. I would like to know if anyone has a different chart as well. Tanks.

post-20-1095859075.jpg

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