GV,
Very interesting Heard On The Street column into today's WSJ. Essentially, it claims that every dollar in earnings from the 4200 Nasdaq companies ($145.3 billion) since 1995, has been totally canceled out by the losses from those same companies in the last year ($148.3 billion). This includes writedowns for inventory and goodwill.
Later in the article, an analyst points out that the balance sheets are now clean, and going forward these companies are positioned for earnings growth, assuming a demand turn around.
Also interesting was a list of the top five winners and the top five losers of money for the last 23 quarters. Number 1 winner? You guessed it. Intel, with $37,567 million, Mr. Softie number 2. Biggest loser, JDSU at $51,670 million.
It's playing with numbers, but still worth the read. If anyone subscribes to WSJ.com, take a look.
John |
