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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (75763)	12/15/2006 1:13:18 PM
From: mishedlo	Respond to of 110194

YRC Worldwide Updates Earnings Guidance [YRC is a trucking company and this comes on the heels of layoffs at UPS - Still more slowdowns and pricing pressures - Mish] OVERLAND PARK, Kan., Dec. 14 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today announced it is updating its earnings guidance. "As widely reported by industry analysts, the economy has slowed significantly in the fourth quarter, resulting in lower volumes than we anticipated across all of our asset-based business units," stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. "As a result of this economic slowdown, we are adjusting our earnings guidance." The company now expects fourth quarter 2006 diluted earnings per share ("EPS") to be in the range of $0.95 to $1.05 and full year 2006 earnings to be $5.00 to $5.10 per share. The company's previous guidance was $1.40 to $1.50 per share for the fourth quarter and $5.45 to $5.55 per share for the year. Fourth quarter tonnage is projected to be lower than 2005 by a mid-single digit percentage for each business unit. Although pricing has remained disciplined in the marketplace, it is somewhat below the company's expectations. Changes in operating income are similar across all of the company's asset-based operations. "While the extent of the economic slowdown is uncertain, our business units are aggressively managing costs to create the best possible results for our shareholders," stated Zollars. prnewswire.com Herb Greenberg mentions YRCW and the markets in general Is it brains or a bull market? marketwatch.com

To: russwinter who wrote (75763)	12/15/2006 1:18:27 PM
From: GST	Read Replies (2) \| Respond to of 110194

Until the last few years Chinese companies could not export in their own names -- be careful to ask the next question -- how much of what is sold by foreign invested firms and trading companies is actually sourced from smaller local companies within China? Starting only a few years ago, Chinese companies can do their own international marketing and their names will show up more in the export data over time. Remember, what the stats you are showing might reveal is only the last stage of the within-China supply chain. This would only reveal the foreign face of the person who owns the goods as they leave the country. Now even this face is changing. As for internal Chinese consumer demand, Chinese companies have shown themselves to be innovative and competitive -- and of course they have been deft thieves as we both know.

To: russwinter who wrote (75763)	12/15/2006 5:54:11 PM
From: ggamer	Read Replies (7) \| Respond to of 110194

Over the years I have read many of your posts and I do believe you are a very talented person and a very good analyst. However if I had listened to the advice of many on this thread starting in 2002-2003, I would not have purchased a home in SF Bay Area in Sep of 2002. My home has already appreciated 50%. Sine beginning of last year I started paying more attention to people on this site and took all my investment money out of the stock market waiting for housing/credit bubbles to burst. By doing that, I basically left about 10-15% gain on the table. A lot of what you and other are saying about the credit/housing bubbles makes sense. But I am just wondering how many people have stayed on the side lines in the past 3-4 years waiting for a huge crash in the market/housing. Now the interest rates are once again lower than few months ago and all the mortgage brokers that I know are once again busy sucking money from the poor and the uneducated. I know at least 5 guys in the mortgage business who are in their 30s-40s that own a lot of properties and their monthly expenses including their office expenses are over $30K-40K per month and they are managing their lives so far. By looking at their life styles, I am assuming that business is still good. At this point with Dow breaking records, I am wondering if being out of the market/housing is a good idea at this point. Is 2007 really the year that we are going to see the credit/housing bubbles burst? How sure is everyone on this board. Any thought would be greatly appreciated. Cheers and happy holidays, Peace on Earth