I agree to the cause, short term profit maximizing. The driver is much more
complex. The wall street analysts and insurance companies do not buy most of
the stock. Most of the buyers are portfolio managers that buy stock for
pensions funds, 401k, and mutual funds. (Read, fidelity, T rowe, american funds
etc)
It always takes a lot of work to decide which stock to buy. It is easy to buy a
company you uinderstand very little if in the past they increase their earnings
by 3 cents per share every quarter. The problem is not enough time is spent on
analysis.
Steve
AN5L 12020
Sent from my Verizon Wireless BlackBerry
-----Original Message-----
From: chris_west@juno.com
Sender: spridgets-bounces@autox.team.net
Date: Mon, 11 Oct 2010 19:44:41
To: <spridgets@autox.team.net>
Subject: Re: [Spridgets] Chinese Parts
And what drives this corporate greed? It isn't the small stockholders.
It is the large "institutional" (read insurance companies and investment
banks among others ) stockholders. How many times have you read in the
business news that "XYZ Corporation reported a quarterly profit today,
but their stock price fell as it did not meet expectations." Whose
expectations? Not mine or yours but those of the "Wall Street analysts."
And who do these "analysts" work for? Why the investment banks,
insurance companies and the large brokerage firms who are all in bed
together (and have been for decades). Who are they looking out for, not
you or me or, especially, the business sectors that they "analyze!" <end
of rant>
Chris - AN5L35xxx
-------------------------------------------------------------------------
--------------------
It is generally the short sighted nature of many businesses. They are all
trying to hit next quarters projected profits. That gets pushed down into
the entire organization. Guess what suffers: reputation. Very few
American companies successfully balance today's profits with maintaining
quality.
Ford, GM, chrysler all let the japanese and now the koreans beat them in
quality. What happened is history and repeats over and over again.
Steve
------Original Message------
From: Billy Zoom
Sender: spridgets-bounces@autox.team.net
To: Heard Saxon
To: spridgets
Subject: Re: [Spridgets] Chinese parts
Sent: Oct 11, 2010 12:03 PM
I don't think most big companies employ anyone whose job it is to care.
> I'm hoping that if enough people start taking this garbage back to
where
> they bought it, Lowe's and the rest of these places will get the
message
> sooner or later.
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