Money and Finance
- Phil Fisher On Profit Margins And Marginal Companies...
From Common Stocks and Uncommon Profits: From the standpoint of the investor, sales are only of value when and if they lead to increased profits. All the sales growth in the world won't produce the right type of investment vehicle if, over the years,...
- Morningstar Q&a With Ben Inker
Inker: The behavior of corporate profits in the U.S. for the last 10 or 15 years is weird. It doesn't follow a standard capitalist script. If you've got a situation where there is a very high return on capital, which there has been on average...
- "i Feel Like I'm Having A Black Tie Dinner On Top Of A Volcano"
Quote from Johann Rupert on Richemont’s Q1 conference call (May 16th):“Folks, I'm not -- they begged me, my colleagues, please don't say it, but I feel like I'm having a black tie dinner on top of a volcano, okay? That volcano is China....
- Robert Huebscher Interviews Vitaliy Katsenelson
Paul Krugman wrote about China in his New York Times column last Monday. That’s a topic that you have researched closely. He said that "China’s story just sounds too much like the crack-ups we’ve already seen elsewhere," referring to the financial...
- Building Boom In China Stirs Fears Of Debt Overload
WUHAN, China — In the seven years it will take New York City to build a two-mile leg of its long-awaited Second Avenue subway line, this city of nine million people in central China plans to complete an entirely new subway system, with nearly 140 miles...
Money and Finance
Rémy Cointreau's Profit Is Hit by China Slowdown
PARIS—After years of steady growth, Rémy Cointreau SA warned that China's crackdown on extravagant gifts is set to hit the company's profit sharply this year and dent sales for some time, the latest sign of how major liquor makers face broad fallout from the shift in policy.
The French company has suffered along with rivals in recent quarters as the Chinese government has scaled back on sponsored banquets and gift giving, which for years had propelled sales of high-end spirits and other luxury goods.
"The situation in China is clearly weighing on our outlook," Chief Executive Frederic Pflanz said Tuesday during a conference call with analysts. "We do not expect any improvement in the Chinese market in the coming months."
Rémy Cointreau said it expected that current operating profit would drop at least 20% for the year ending March 31. The warning battered its shares and those of rivals such as Pernod Ricard SA.
- Phil Fisher On Profit Margins And Marginal Companies...
From Common Stocks and Uncommon Profits: From the standpoint of the investor, sales are only of value when and if they lead to increased profits. All the sales growth in the world won't produce the right type of investment vehicle if, over the years,...
- Morningstar Q&a With Ben Inker
Inker: The behavior of corporate profits in the U.S. for the last 10 or 15 years is weird. It doesn't follow a standard capitalist script. If you've got a situation where there is a very high return on capital, which there has been on average...
- "i Feel Like I'm Having A Black Tie Dinner On Top Of A Volcano"
Quote from Johann Rupert on Richemont’s Q1 conference call (May 16th):“Folks, I'm not -- they begged me, my colleagues, please don't say it, but I feel like I'm having a black tie dinner on top of a volcano, okay? That volcano is China....
- Robert Huebscher Interviews Vitaliy Katsenelson
Paul Krugman wrote about China in his New York Times column last Monday. That’s a topic that you have researched closely. He said that "China’s story just sounds too much like the crack-ups we’ve already seen elsewhere," referring to the financial...
- Building Boom In China Stirs Fears Of Debt Overload
WUHAN, China — In the seven years it will take New York City to build a two-mile leg of its long-awaited Second Avenue subway line, this city of nine million people in central China plans to complete an entirely new subway system, with nearly 140 miles...