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post #1 of 16 (permalink) Old 01-26-2009, 08:28 AM Thread Starter
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post #2 of 16 (permalink) Old 01-26-2009, 08:40 AM
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This bad news after bad news is really getting depressing. I would go as far as to say that the American public is suffering from mild depression from all these big companies going down or cutting jobs.
On the bright side misery enjoys company since it is global and we are better off than most countries I guess since people still leave their countries to come here for economic opportunity. If this keeps up we may find ourselves immigrating to other countries for economic opportunities though. Some EU countries while slowing down are still growing at a decent clip. All I want to do is work at the Ducati factory, have good food and wine everyday and chase the Italian cuties around LOL!!!

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post #3 of 16 (permalink) Old 01-26-2009, 08:41 AM
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damn.. ready to move to texas?

-Mopar

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post #4 of 16 (permalink) Old 01-26-2009, 08:54 AM Thread Starter
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damn.. ready to move to texas?
Find someone to buy my house.

Ian
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post #5 of 16 (permalink) Old 01-26-2009, 08:57 AM
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I don't know. CAT still made $661M last quarter. It was less than everyone wanted, but still a tidy profit.

Maybe our expectations are too high for the times?

Craig
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post #6 of 16 (permalink) Old 01-26-2009, 09:09 AM
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Sorry to hear.

My company just had a pretty substantial layoff as well.

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Noodles accepts no liability for the content of this post, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. Any views or opinions presented in this post are solely those of the author and do not necessarily represent those of Noodles.
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post #7 of 16 (permalink) Old 01-26-2009, 09:11 AM
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Quote:
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I don't know. CAT still made $661M last quarter. It was less than everyone wanted, but still a tidy profit.

Maybe our expectations are too high for the times?
I agree
Market Cap: 21.51B
P/E (ttm): 5.87
EPS (ttm): 6.073
Div & Yield: 1.68 (4.70%)

Their numbers are really good. But like you said people want miracles, I hate how greedy shareholders really run the company.

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post #8 of 16 (permalink) Old 01-26-2009, 09:12 AM Thread Starter
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Yes we made money but so did GM and Chrysler before they were in the shit.

Ian
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post #9 of 16 (permalink) Old 01-26-2009, 09:14 AM
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damn.. ready to move to texas?
What's in Texas?

Russ
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post #10 of 16 (permalink) Old 01-26-2009, 09:22 AM
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Sorry to hear.

My company just had a pretty substantial layoff as well.
I'm hearing 20%!!!!!!! One in five workers is insane!!!

Brian (F.K.A. Crazy)

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post #11 of 16 (permalink) Old 01-26-2009, 09:45 AM
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I was chatting with someone the other day. He told me a story of how he was going through his late great Aunt's belongings. He found a letter from her bank asking for a mortgage payment. The letter was handwritten from the president. I'm paraphrasing here, but it was along the lines of "Your mortgage payments are 4 months behind. We know times are tough during the depression, but if you can make any type of payment toward your mortgage we would appreciate it."

What ever happened to the good ole days? Everyone is in it for themselves now.
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post #12 of 16 (permalink) Old 01-26-2009, 09:49 AM
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just make sure you buy everything on the internet. Even if you save only pennies.

Mike

When the tailgate drops..the bullshit stops
Hunt ethically - Hunt with a trained Retriever !
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post #13 of 16 (permalink) Old 01-26-2009, 11:26 AM
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Quote:
Originally Posted by Bratva5 View Post
What's in Texas?
warm weather, non stop dirtbiking, great roads.. and a few jobs.

-Mopar

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post #14 of 16 (permalink) Old 01-26-2009, 11:35 AM
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The title of that article states:

"Stocks rise in early trading
Wall Street gains in early going as Pfizer-Wyeth merger overshadows barrage of job cuts at Caterpillar, Spring Nextel and Home Deport."

Wtf is home deport? Is that where they send the illegals?


Due to recent budget cuts and the rising cost of electricity, gas, and oil,

'The Light at the End of the Tunnel' has been turned off.
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post #15 of 16 (permalink) Old 01-26-2009, 12:37 PM
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Quote:
Originally Posted by beac83 View Post
I don't know. CAT still made $661M last quarter. It was less than everyone wanted, but still a tidy profit.

Maybe our expectations are too high for the times?
Orders have dropped off a cliff. 2009 will not be like 2008. Thus Cat is cutting back big-time. It's going to be painful, and I hope I can keep my job.

-Mike
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post #16 of 16 (permalink) Old 01-26-2009, 12:41 PM
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Quote:
Originally Posted by ravenr1 View Post
The title of that article states:

"Stocks rise in early trading
Wall Street gains in early going as Pfizer-Wyeth merger overshadows barrage of job cuts at Caterpillar, Spring Nextel and Home Deport."

Wtf is home deport? Is that where they send the illegals?
or Spring Nextel, for that matter. Ody is working for cnn???

No comment as far as economy goes, I'm too far behind regarding info to ever understand what's really going on..

- Steve
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