Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (505)	7/11/1998 12:23:00 AM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

"Case to accelerate, add to, repurchase plan" RACINE, Wis., July 10 (Reuters) - Case Corp., whose shares fell to a 52-week low Friday, said it will speed up its current share repurchase program and begin a new program to repurchase up to an additional eight million shares. The previous program which called for four million shares to be bought back, is expected to be substantially completed by the third quarter, the agricultural and construction equipment maker said. The new program of eight million shares represents about 11 percent of the company's shares outstanding, Case said. "The acceleration of our current share repurchase program and implementation of a new program that is double in size reflects the company's confidence in its ability to deliver superior financial results over time," Case chairman and chief executive Jean-Pierre Rosso said in a news release. But in the short-term, Case said last week that second quarter earnings would fall below the $1.74 results of a year a ago, due to delays in sales of agricultural equipment in the Commonwealth of Independent States. Then on Thursday, J.P. Morgan Securities analyst Gary McManus cut his rating on Case and two other farm equipment companies to market perform after one of them, New Holland NV , told analysts second quarter earnings would be below consensus expectations.

To: porcupine --''''> who wrote (505)	7/14/1998 3:51:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

More on GM's labor-cost disadvantage [this is just for parts alone and is large enough itself to determine a car buyer's decision]: "Harbour and Associates, a manufacturing consulting firm in Troy, Mich., has calculated that G.M.'s average labor cost for the auto parts in each vehicle is $2,765, compared with $2,322 for Ford and $2,167 for Chrysler. Ford and Chrysler buy a slightly higher proportion of their parts from outside suppliers that pay lower wages, and also require fewer workers because they have invested in more modern equipment." See: nytimes.com