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nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Legend
OH NO!!! Now it's really getting bad! Me and Clos du Bois are like Frick and Frack!!
View attachment 6083
Constellation Brands to cut jobs, trims view
March 25, 2009: 09:03 AM ET
* Sees cutting about 5 pct of its global workforce
* Sees '09 adj EPS $1.60-$1.62 vs prior view $1.68-$1.72
* Taking $430 mln impairment charge
(Adds details on job cuts; changes headline)
NEW YORK (Reuters) - Constellation Brands Inc cut its fiscal 2009 earnings outlook Wednesday, citing disappointing demand in Europe and Australia during last year's Christmas and New Year holidays.
The world's largest wine producer, with brands including Robert Mondavi and Clos du Bois, also said it plans to eliminate about 5 percent of its global workforce, as it seeks to manage costs in the recession.
As of March 31, 2008, Constellation had 8,200 full-time employees.
Constellation said it expected earnings of $1.60 to $1.62 per share, excluding special items, in the current fiscal year, down from its prior estimate of $1.68 to $1.72.
On a net basis, Constellation expects to earn $1.26 to $1.28 per share, since it must now record a $430 million goodwill impairment charge for its international businesses. (Reporting by Martinne Geller; Editing by Lisa Von Ahn, Dave Zimmerman)
http://money.cnn.com/news/newsfeeds/articles/reuters/MTFH85693_2009-03-25_13-03-47_N25404553.htm
View attachment 6083Constellation Brands to cut jobs, trims view
March 25, 2009: 09:03 AM ET
* Sees cutting about 5 pct of its global workforce
* Sees '09 adj EPS $1.60-$1.62 vs prior view $1.68-$1.72
* Taking $430 mln impairment charge
(Adds details on job cuts; changes headline)
NEW YORK (Reuters) - Constellation Brands Inc cut its fiscal 2009 earnings outlook Wednesday, citing disappointing demand in Europe and Australia during last year's Christmas and New Year holidays.
The world's largest wine producer, with brands including Robert Mondavi and Clos du Bois, also said it plans to eliminate about 5 percent of its global workforce, as it seeks to manage costs in the recession.
As of March 31, 2008, Constellation had 8,200 full-time employees.
Constellation said it expected earnings of $1.60 to $1.62 per share, excluding special items, in the current fiscal year, down from its prior estimate of $1.68 to $1.72.
On a net basis, Constellation expects to earn $1.26 to $1.28 per share, since it must now record a $430 million goodwill impairment charge for its international businesses. (Reporting by Martinne Geller; Editing by Lisa Von Ahn, Dave Zimmerman)
http://money.cnn.com/news/newsfeeds/articles/reuters/MTFH85693_2009-03-25_13-03-47_N25404553.htm
nnuut
Moderator | TSP Legend
THE MARKET IS NNUUTS!!! 
View attachment 6086 View attachment 6087
View attachment 6086 View attachment 6087
nnuut
Moderator | TSP Legend
nnuut
Moderator | TSP Legend
I don't think so, expecting consolidation at a minimum, but hell, what do I know?
Big Time!! I'm bad but the Wife is really TWITCHING, She has a game she just loves to play [daily, nightly, all the time], but it's fun to watch her suffer.:laugh:
Norm ! 
Wishing you many, many more ! 
justbizness45
Member
Norm, Happy B-Day!!
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