Gillette (G) - Even Buffett Justify This One Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Gillette (G) - Even Buffett Justify This One

G 44.27

-0.5%

Nov 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rainy_Day_Woman who wrote (560)	4/28/1999 8:04:00 AM
From: AugustWest	Read Replies (2) of 684

ever get the feeling we have been playing in the middle of the street this past year? Just trying to pick up the pieces, and wham! hit by another Mack truck Euro may pose next overseas threat to U.S. firms By John Hanley NEW YORK, April 27 (Reuters) - The next overseas threat to corporate America may not be in Latin America or Asia but in Europe, where a drop in the new single currency may cut the profits of multinationals like Coca-Cola Co. (KO - news) and Gillette Co. (G - news), economists said. A 10 percent sell-off in the euro since it was launched at the start of the year makes it more expensive for Europeans to buy U.S. products like razor blades, a can of Coke or a Boeing airplane. It also means fewer dollars in the coffers of U.S. companies when profits of their units in Western Europe, home to some of America's biggest trading partners, are converted back here, the economists said. ''In the short term it certainly hits sales and profits and in the longer term it may require a fundamental rethink about their strategies for this market,'' said Benn Steil, senior fellow and Linda J. Wachner chair in foreign economic policy at the Council on Foreign Relations in New York..... biz.yahoo.com p.s. Crammer is on Squawk Box right now. Let's see iof he blasts us again this morning.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next