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Strategies & Market Trends : Dividend investing for retirement

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To: chowder who wrote (9265)	6/15/2011 3:01:36 PM
From: Bocor	Read Replies (1) of 34328

Interesting collateral result of OI plunge: Shares of glassware maker Owens-Illinois (OI) shattered today, falling as much as 15% on tremendously heavy trading volume. Management just lowered expectations for the second quarter, from flat year over year to a 3%-6% drop in operating profits. Higher costs are overwhelming a rise of as much as 10% in global shipments, and it doesn't help that manufacturing has become more expensive in certain regions as well. Owens-Illinois provides bottles and jars for everybody from soft-drink giant PEP to liquor lord DEO, and even consumer-goods guru HNZ. OI's strong sales point to optimistic customers, while its profit hit indicates that the bottle maker is absorbing the costs of more expensive materials. While that's terrible news for Owens-Illinois shareholders, it's a positive indicator for Pepsi, Diageo, and other drink-dealers. fool.com

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