Tuesday, July 21, 2009

Clusterstock and a different view of earnings numbers

Folks, These Companies Are MISSING Earnings (KO, UTX, DD, CAT)

Let's go back to earnings.

We're not going to second-guess the way investors react to an earnings report, since that's a fool's game, and some news really is baked in. In other words, we're not going to say it's silly that Caterpillar is up today, despite it's horrendous number.

That being said, we can second-guess the media, which is kind of banging on this signs-of-stabilization-green-shoots drum again, with respect to earnings. The problem is, earnings are crap.

The article goes on to illustrate the failure of revenue to grow. Worth reading so click over to Clusterstock.

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