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alstry (35.69)

Will The GDP Be BS

Recs

13

July 31, 2009 – Comments (4)

MDC Q2 revenue $195.3M vs $403.4M

Public Homebuilders routinely reporting 50% sales reductions.  And that is after hundreds have gone out of business.

Steel Producers reporting over 50% sales reductions.

Auto Manufacturers reporting 30-40% sales reductions.

Imports and Exports down over 25%

CAT reporting over 40% sales reductions...Same with truck manufactuer PACCAR

Transportation Companies reporting over 20% sales reductions

Airlines and Hotels reporting over 20% sales reductions

Retail Sales down double digits

Oil companies reporting over 40% sales reductions

And CEO after CEO is saying the outlook is no better like this one from BA:

British Airways PLC warned there were "no visible signs of improvement"

All of the above are easily verifiable from the hundreds of public companies that have reported so far like my link at the top, MDC, which reported this morning.

My friends, when industry after industry is reporting massive double digit sales declines.....this is not a Recession, it is a Depression.

But as long as you continue seeing headlines like this:

M.D.C. Holdings' quarterly loss narrows by 70%

Just tell yourself, if business just shut down completely, instead of selling very little, quarter losses would narrow by 100%.

How long will it take before America wakes up and realizes the Zombulator is shutting down our nation?

 

4 Comments – Post Your Own

#1) On July 31, 2009 at 6:56 AM, alstry (35.69) wrote:

Putting MDC's $195 million dollar 2009 Q2 sales figure in perspective....in Q2 2006, MDC's sales were OVER $1.2 Billion dollars....WELL OVER AN 80% REDUCTION in sales in just three years.

http://ir.richmondamerican.com/releasedetail.cfm?ReleaseID=256657

And of course, hundreds of private and public competitors have gone out of business....buy my guess is analysts will focus on market share gains.

Whether you like it or not, the Zombulator is shutting down America.

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#2) On July 31, 2009 at 7:08 AM, alstry (35.69) wrote:

Tool Sales Down Too

Snap On sales of $590.0 million were down 23.0% compared to last year.

Here a a couple more:

Constellation Q2 revenue $3.86B vs $4.76B

Calpine Q2 revenue $1.47B vs $2.83B

Just because sales are down 25-50%....it is very likely they are better than expected.....after all, it seems clear now that the analysts were expecting America is shutting down....just a bit slower than they anticipated.

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#3) On July 31, 2009 at 8:00 AM, dbjella (< 20) wrote:

Thanks Alstry for removing the all caps and  #@#$@% characters to your writing.  I can now more easily read your information.

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#4) On July 31, 2009 at 8:34 AM, alstry (35.69) wrote:

Here is a BIG decline in revenue:

Chevron Q2 sales, operating revenue $40B vs $81B

Add in Exxon and you are looking at OVER $115 BILLION decline in just one quarter between two companies.

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