Eli Lustgarten
Eli Lustgarten
credit levels lower showing
You've got to give them credit. They're showing better levels of profitability on lower volumes.
lousy report
The report is lousy but it is much better underneath.
fact favorable industrial profit quarter steel strength taking weak
The fact that it was all steel with weak industrial and automotive is not the most favorable mix. With the strength of the stock, profit taking is not uncommon, particularly after a quarter like this.
cash coming consensus december equipment factors farm flow market outlook produce reflection sales tax weaker
The conventional consensus is these factors will produce a weaker market for farm equipment in 2006. December sales are a reflection of cash flow and tax planning, but do not reflect the outlook for the coming year.