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Non-Tech : Invest / LTD
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To: bw who wrote (7499)2/19/1999 10:30:00 AM
From: The Ox  Read Replies (1) of 14427
 
Reports like this just emphasize how far behind the curve many analysts are. To drop estimates for next year by 50% shows these people are clueless! This type of a change doesn't happen over night or for that matter in one quarter. Oil has been trading at or below it's current price for months now. Next quarter they will reduce estimates again and sight the disappointing 1st quarter sales and low oil prices. Duh....
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