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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (264619)7/28/2010 8:37:31 AM
From: DebtBombRead Replies (1) | Respond to of 306849
 
CVS warns? CVS Caremark reports lower profit

CVS Caremark Corporation
CVS.N
$30.60
-0.40-1.29%12:00am EDT
Wed Jul 28, 2010 7:35am EDT

* Q2 net EPS $0.60/shr

* Revenue falls 3.5 pct to $24.01 bln

NEW YORK July 28 (Reuters) - CVS Caremark Corp (CVS.N) reported lower second-quarter earnings on Wednesday, hurt by a decline in revenue from its pharmacy services segment.

Net income fell to $821 million, or 60 cents per share, from $886 million, or 60 cents per share, a year earlier.

Net revenue was $24.01 billion, down from $24.87 billion a year earlier. (Reporting by Martinne Geller; Editing by Lisa Von Ahn

reuters.com



To: Elroy Jetson who wrote (264619)8/6/2010 11:18:30 PM
From: John VosillaRespond to of 306849
 
'A credit expansion and demand expansion similar to the 1945 to 1979 period can't occur until the previous credit bubble has been completely deflated.'

The next few years should be a continuation of the 'L' as the remaining asset bubbles worldwide that went parabolic the past 18 months get unwound. Certainly in my world we have been in deep recession for 2.5 years already with nothing left to deflate...




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