Word: stocking
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2000
Sort By: most recent first
(reverse)
...been much public talk of pushing Armstrong out--he will remain chairman and CEO of AT&T--in part because the breakup will be tough enough without a change in leadership. But this is almost certainly Armstrong's last real chance to turn things around. With AT&T stock down 57% this year, shareholders won't be willing to wait on hold forever...
...June, were sunk by overly rosy earnings projections. In both cases, the chief executive predicted better earnings than he could deliver--twice in Jager's case, three times in McGinn's. At Gillette, director Warren Buffett, famous for his long-term approach, couldn't wait forever for the stock to come around. So he moved...
...companies going opposite ways yet bound for the same place: Mediocreville. Both are trying desperately to avoid that end, one by boundlessly buying new businesses and the other by ripping itself apart. These are choices that companies face all the time, by the way, and they are critical to stock-market performance. One company is AT&T, which last week announced its third breakup in 17 years. The other is GE, which unveiled its umpteenth and largest acquisition--$45 billion for defense contractor Honeywell...
Shareholders continue to be amply rewarded. GE is up modestly this year, while the Dow is down 8%. Call it the Welch premium. GE's remarkable ability to keep its stock rising means investors are willing to pay more for it. Currently, they pay $43 for every $1 of annual GE earnings. At Honeywell, investors before the announced takeover were paying a mere $21 for $1 of earnings...
Welch simply is without peer, and that's exactly why GE's stock is headed for ho-hum. He's retiring. With the Honeywell deal, Welch agreed to stick around eight months longer, until the end of next year. After that, though, he's teeing off at Augusta...