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To: sun-tzu who wrote (129580)10/16/2001 10:07:17 AM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
nasty rising wedge on JNJ



To: sun-tzu who wrote (129580)10/16/2001 11:04:05 AM
From: patron_anejo_por_favor  Respond to of 436258
 
<<just sold some WHR. loss cut 65 with 58 target>>

Looks like a good one...apparently they have some accounting issues also:

thestreet.com

Nice find, Mish.



To: sun-tzu who wrote (129580)10/16/2001 8:55:25 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
Dont thank me until you profit.
Then thank me.

Today's spin by thestreet.com

>>Give Whirlpool's (WHR:NYSE - news - commentary - research - analysis) earnings a good wash and they could shrink like a mohair sweater that's been through the hot cycle.<<

thestreet.com

>>Whirlpool also reduced its provision for trade receivables that may not get paid, by $40 million in the second quarter, from the year-ago period.<<

Stoking the bottom line by draining bad debt reserves in a slowing economy is enough to make a LTBH'r like me head for the hills.

And from the lonely guy:

>>As indicated in September, Maytag Corporation's (NYSE: MYG, news, msgs) third quarter sales were up from the year-earlier period and normalized earnings per share of 45 cents, while down from the prior year, exceeded analysts' consensus expectations.<<

quicken.excite.com

This bit had CNBC chearing:

>>With regard to Maytag's business for the remainder of the year, Hake said, "These are times of high uncertainty for consumers and for our appliance business. However, if the industry and our orders hold at present levels for the balance of the year, we will achieve the current analysts' earnings consensus in the fourth quarter."<<