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Q4 profits double as you eat up General Mills

Posted Jul 1st 2009 1:40PM by Sheldon Liber (RSS feed)
Filed under: Earnings reports, Good news, Competitive strategy, General Mills (GIS), Stocks to Buy, Best Stocks for 2009

Profits up in the heartland; at least for General Mills (NYSE: GIS) as they doubled in the fourth quarter beating analysts estimates by promoting their strong brands to consumers as management understood well the economic headwinds they were facing.

This contributed to GIS income for the year making it into positive territory as it reported this morning that net income edged up to $1.3 billion, or $3.80 per share, from $1.29 billion, or $3.71 per share, in the prior year. Annual sales climbed 8 percent to $14.69 billion from $13.65 billion.


Continue reading Q4 profits double as you eat up General Mills

Amazon's (AMZN) earnings not so impressive

Posted Oct 23rd 2007 9:20PM by Sheldon Liber (RSS feed)
Filed under: After the bell, Major movement, Earnings reports, Forecasts, Consumer experience, Rants and raves, Google (GOOG), Apple Inc (AAPL), Amazon.com (AMZN)

Yes, I remain deaf, dumb, and blind. I am not impressed with the Amazon.com (NASDAQ: AMZN) earnings report. I am sure the amazonian shareholders will confirm my ignorance. What is all the excitement about? So what if it almost quadrupled it's earnings. That is not hard to do when you barely have any. Nineteen cents a share -- oh my gosh!

So now if they can keep it up and earn perhaps $1.00 in the next 12 months Amazon only has a forward P/E of 100. Are you kidding me,100? Are we to believe that a dollar invested in Amazon is worth 3 times what Google is worth? I don't think this makes any sense at all. There must be a few folks out there that are equally unimpressed. After Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL) reported earnings both stocks shot up. Amazon on the other hand is off over 10% in after market trading.

Maybe I'll feel different in the morning after further thought or the enlightened commentary of one of our readers. In the mean time I'm left thinking, is this all there is?

To find potential opportunities and verify my track record, read Chasing Value or Serious Money.

Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm.

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DJIA+20.0310,246.97
NASDAQ-2.982,151.08
S&P 500-0.071,093.01

Last updated: November 10, 2009: 06:16 PM

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