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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (63377)	1/31/2001 1:47:27 AM
From: patron_anejo_por_favor	Read Replies (6) \| Respond to of 436258

Looks like subprime credit quality is speedily disintegrating: biz.yahoo.com ATLANTA, Jan 30 (Reuters) - CompuCredit Corp. (NasdaqNM:CCRT - news), citing increased competition and decreased consumer spending, reported fourth-quarter earnings that markedly missed Wall Street estimates and slashed its earnings outlook for 2001. The Atlanta-based company, which markets bank-card and fee-based services to nonprime, underserved consumers, said its fourth-quarter net income came to $11.3 million, or 24 cents a share, down 65 percent from $32.3 million, or 77 cents a share, a year earlier. The year-earlier results included one-time income of $18.1 million from retained interests in the company's purchased portfolios. Analysts on average were expecting CompuCredit to post fourth-quarter 2000 earnings of 53 cents a share, according to First Call/Thomson Financial. ``It looks really, really bad,'' said Jordan Hymowitz of Robertson Stephens. Hymowitz said CompuCredit's chargeoff rates for bad loans looked significantly high, and added he felt the company might have to make more provisions for losses in the future. CompuCredit said its net charge-off rate was 13.2 percent in the fourth quarter, up from 11 percent in the third quarter. It said return on average managed loans was 3.2 percent for the fourth quarter, compared with 7.1 percent for the third quarter. Credit-card issuers such as CompuCredit, which looks to identify consumers who are credit-worthy even if they have been turned down by other card issuers, have been under pressure as consumer spending has slowed and some economic indicators point to tougher times ahead. CompuCredit said it spent a record $20.7 million on marketing during the fourth quarter, up from $9.6 million a year earlier. It said the increased spending helped generate growth of nearly 400,000 accounts. But Hymowitz suggested growth initiatives do not necessarily reach the bottom line. ``Growth doesn't equal profitability in financial services,'' Hymowitz said. HO HO HO! This Hymowitz doood needs to get with the program! EDIT: Their "financial statement" is a real hoot, too (bottom of the link) biz.yahoo.com Got COF, PVN, HI, KRB, AXP poots?<G>

To: pater tenebrarum who wrote (63377)	1/31/2001 8:33:03 AM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

DJ Summary Table Of Key U.S. Gross Domestic Product Data 01/31/2001 Dow Jones News Services (Copyright © 2001 Dow Jones & Company, Inc.) 4Q-00 4Q-00 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 Final Prelim Advance Final Final Final Final Real GDP 9401.5 9369.5 9318.9 9191.8 %Change 1.4 2.2 5.6 4.8 8.3 Gross Dom Purch 9811.4 9766.0 9694.3 9543.6 9414.1 %Change 1.9 3.0 6.5 5.6 8.4 Real Final Sales 9327.3 9290.9 9235.3 9148.0 9000.5 %Change 1.6 2.4 3.9 6.7 6.4 Nominal GDP 10125.0 10039.4 9945.7 9752.7 9559.7 %Change 3.5 3.8 8.2 8.3 9.7 PCE Chain Index 2.2 1.8 2.1 3.5 2.2 US Purch Index 1.9 2.0 2.1 3.8 1.9 (In billions of chain-weighted dollars at annual rate. Source:Commerce Dept) (MORE) DOW JONES NEWS 01-31-01 08:30 AM DJ Summary Table Of U.S. Real GDP and Components 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Personal Consumption Expendit. 6374.6 6329.8 6260.6 6213.5 6101.0 6294.6 Durable Goods 895.5 903.2 886.7 898.2 851.8 895.9 Nondurable Goods 1886.3 1882.6 1861.1 1844.8 1818.1 1868.7 Services 3605.3 3559.3 3526.7 3487.2 3443.0 3544.6 Domestic Investment 1858.9 1871.1 1863.0 1773.6 1751.6 1841.7 Fixed Investment 1783.7 1791.3 1777.6 1730.9 1666.6 1770.9 Nonresidential 1433.6 1438.8 1412.5 1365.3 1301.8 1412.5 Equipment & Software 1148.6 1162.4 1146.6 1100.4 1050.1 1139.5 Change in private inventories 67.1 72.5 78.6 36.6 80.9 63.7 Farm 4.7 5.0 6.2 3.6 7.9 4.9 Nonfarm 62.4 67.4 72.3 33.0 73.0 58.8 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Exports of goods and services 1146.2 1158.8 1121.8 1084.8 1068.4 1127.9 Imports of goods and services 1588.4 1586.4 1525.2 1461.7 1420.9 1540.4 Government consumption expend. 1589.6 1578.2 1583.7 1565.1 1569.5 1579.2 Federal 551.9 545.8 558.8 537.1 558.1 548.4 National defense 354.7 346.2 355.1 341.5 360.9 349.3 Nondefense 197.1 199.4 203.6 195.4 197.1 198.9 State and local 1037.1 1031.9 1024.6 1027.4 1011.2 1030.3 (In billions of chain-weighted dollars at annual rate. Seasonally adjusted. Change is increase unless preceded by minus sign. Source: Commerce Department) (MORE) DOW JONES NEWS 01-31-01 08:30 AM DJ Complete Table Of U.S. Real GDP and Components 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Personal Consumption Expendit. 6374.6 6329.8 6260.6 6213.5 6101.0 6294.6 Durable Goods 895.5 903.2 886.7 898.2 851.8 895.9 Vehicles, Parts 330.6 342.0 335.9 351.8 330.9 340.1 Furniture 392.7 387.2 379.3 374.1 358.2 383.3 Other 177.6 177.6 175.0 174.0 164.9 176.0 Nondurable Goods 1886.3 1882.6 1861.1 1844.8 1818.1 1868.7 Food 880.6 879.1 876.5 872.2 866.0 877.1 Clothing, Shoes 349.4 350.2 342.3 337.7 322.1 344.9 Other 149.1 149.5 147.5 145.8 151.5 148.0 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Services 3605.3 3559.3 3526.7 3487.2 3443.0 3544.6 Housing 856.9 851.7 847.0 841.4 836.5 849.2 Household Operation 383.5 375.2 374.8 364.7 359.3 374.5 Electric, Gas 138.6 133.9 136.5 130.0 127.7 134.7 Other 244.6 241.1 238.1 234.4 231.2 239.5 Transportation 252.1 250.8 249.9 247.5 245.0 250.1 Medical Care 915.4 909.1 903.8 897.4 892.8 906.4 Other 952.9 934.3 918.0 907.4 886.1 928.2 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Domestic Investment 1858.9 1871.1 1863.0 1773.6 1751.6 1841.7 Fixed Investment 1783.7 1791.3 1777.6 1730.9 1666.6 1770.9 Nonresidential 1433.6 1438.8 1412.5 1365.3 1301.8 1412.5 Structures 293.1 286.6 277.0 274.0 260.6 282.7 Buildings 205.4 202.7 199.5 196.5 185.1 201.0 Utilities 47.3 45.6 42.8 44.9 44.0 45.1 Mining 31.8 30.5 28.4 26.1 24.6 29.2 Other Structures 8.9 8.1 6.5 6.9 7.5 7.6 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Equipment & Software 1148.6 1162.4 1146.6 1100.4 1050.1 1139.5 Change in private inventories 67.1 72.5 78.6 36.6 80.9 63.7 Farm 4.7 5.0 6.2 3.6 7.9 4.9 Nonfarm 62.4 67.4 72.3 33.0 73.0 58.8 Manufacturing 16.7 22.6 17.6 10.3 7.6 16.8 Wholesale Trade 18.2 22.3 32.5 21.5 18.5 23.6 Retail Trade 25.1 20.0 21.5 -4.4 41.7 15.5 Other 2.4 2.8 0.9 6.1 4.2 3.1 (In billions of chain-weighted dollars at annual rate. Seasonally adjusted. Change is increase unless preceded by minus sign. Source: Commerce Department) (MORE) DOW JONES NEWS 01-31-01 08:30 AM DJ Complete Table Of U.S. Real GDP and Components - 2 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Net exports of goods,services -442.2 -427.7 -403.4 -376.8 -352.5 -412.5 Exports of goods and services 1146.2 1158.8 1121.8 1084.8 1068.4 1127.9 Goods 860.8 874.2 833.5 798.1 786.5 841.7 Foods and feeds 60.3 64.7 58.9 59.4 58.4 60.8 Industrial supplies 176.8 173.5 165.4 161.7 160.4 169.4 Services 289.3 288.9 291.0 288.5 283.7 289.4 Imports of goods and services 1588.4 1586.4 1525.2 1461.7 1420.9 1540.4 Goods 1362.6 1364.0 1313.9 1255.3 1222.5 1324.0 Petroleum and products 84.3 87.1 88.2 81.7 76.5 85.3 Ind.supplies,excl.petrol.p 164.4 170.0 165.4 166.7 164.7 166.6 Services 227.9 224.8 213.7 208.4 200.6 218.7 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Government consumption expend. 1589.6 1578.2 1583.7 1565.1 1569.5 1579.2 Federal 551.9 545.8 558.8 537.1 558.1 548.4 National defense 354.7 346.2 355.1 341.5 360.9 349.3 Consumption expenditures 293.3 290.5 298.4 285.7 304.0 292.0 Gross investment 62.2 56.0 57.0 56.3 57.2 57.9 Nondefense 197.1 199.4 203.6 195.4 197.1 198.9 Consumption expenditures 148.2 151.9 155.4 150.0 148.9 151.4 Gross investment 49.9 48.3 49.0 46.0 49.1 48.3 State and local 1037.1 1031.9 1024.6 1027.4 1011.2 1030.3 Consumption expenditures 824.4 820.8 815.1 809.8 803.7 817.5 Gross investment 213.1 211.3 209.8 218.2 207.9 213.1 (In billions of chain-weighted dollars at annual rate. Seasonally adjusted. Change is increase unless preceded by minus sign. Source: Commerce Department) (MORE) DOW JONES NEWS 01-31-01 08:30 AM DJ Percent Changes Of GDP Components 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Real GDP 1.4 2.2 5.6 4.8 8.3 5.0 Personal Consumption Exp 2.9 4.5 3.1 7.6 5.9 5.3 Durable Goods -3.4 7.6 -5.0 23.6 13.0 9.6 Nondurable Goods 0.8 4.7 3.6 6.0 7.4 5.0 Services 5.3 3.7 4.6 5.2 3.8 4.5 Domestic investment -2.6 1.8 21.7 5.1 17.9 10.3 Fixed investment -1.7 3.1 11.2 16.4 7.2 9.2 Nonresidential -1.5 7.7 14.6 21.0 9.5 12.5 Structures 9.3 14.6 4.4 22.3 9.7 9.1 Equipment & Software -4.7 5.6 17.9 20.6 9.5 13.6 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Exports-Goods, Services -4.3 13.9 14.3 6.3 10.3 9.2 Imports-Goods, Services 0.5 17.0 18.6 12.0 10.7 13.7 Government Consumption Exp 2.9 -1.4 4.8 -1.1 8.5 2.8 Federal 4.6 -9.0 17.2 -14.2 13.2 1.5 National Defense 10.2 -9.7 16.9 -19.8 12.6 0.2 Nondefense -4.5 -7.9 17.8 -3.3 14.4 3.8 State and Local 2.1 2.9 -1.1 6.6 6.1 3.5 Gross domestic purchases 1.9 3.0 6.5 5.6 8.4 5.7 (Source: Commerce Department) (MORE) DOW JONES NEWS 01-31-01 08:30 AM DJ Contribution to Percent Change In Real GDP 4Q-00 3Q-00 2Q-00 1Q-00 4Q-99 2000 Gross domestic product 1.40 2.20 5.60 4.80 8.30 5.00 Personal Consumption Expendit 1.92 2.99 2.14 5.03 4.08 3.57 Durable Goods -0.28 0.61 -0.42 1.79 1.04 0.77 Nondurable Goods 0.16 0.93 0.74 1.19 1.47 1.00 Services 2.04 1.46 1.83 2.04 1.58 1.79 Domestic Investment -0.49 0.33 3.66 0.92 3.04 1.82 Fixed Investment -0.30 0.55 1.93 2.68 1.26 1.58 Nonresidential -0.20 1.02 1.87 2.54 1.22 1.60 Exports -0.49 1.45 1.48 0.67 1.09 0.98 Imports -0.07 -2.35 -2.48 -1.61 -1.45 -1.85 Government consumption expend 0.50 -0.24 0.85 -0.18 1.50 0.50 Federal 0.27 -0.57 0.97 -0.93 0.79 0.09 National defense 0.37 -0.38 0.60 -0.86 0.48 0.01 Nondefense -0.10 -0.18 0.37 -0.07 0.30 0.08 State and local 0.24 0.33 -0.12 0.75 0.71 0.40 (Contribution to percent change in Real GDP are in percent. Quarters seasonally adjusted at annual rates. Source: Commerce Department)