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To: John Hunt who wrote (27109)1/27/1999 12:19:00 AM
From: dave  Read Replies (2) | Respond to of 116762
 
Hi John
Re Y2K, I have recently been asking friends and acquaintances their feelings on the upcoming y2k problem and most of them are in the process of building an extra supply of food etc., (just in case).
At the same time I have noticed the best sales in years on canned goods such as beans, soups etc.
Is this just a coincidence or are Heinz and other major food suppliers
cashing in or being benevolent?
Good Luck
Dave T.




To: John Hunt who wrote (27109)1/27/1999 5:59:00 AM
From: John Hunt  Read Replies (1) | Respond to of 116762
 
Why Firms Prefer High Stock Price to Low Debt

<< Something is going to have to give soon on the financial front for nonfinancial corporations, according to economists at Goldman Sachs & Co.

Over the 12 months ended last September, nonfinancial corporations accumulated an additional $359 billion in credit market debt. That was up 72 percent from the rise in the year ended September 1997 and was a record increase for any four-quarter period.

One reason for all the borrowing was that funds generated by the firms internally from profits and depreciation charges all but ceased to grow. At the same time, the corporations continued massive capital spending programs while pursuing the largest stock buyback efforts in history. -- cont'd -- >>

washingtonpost.com