Recessions in the fifties and even the sixties were inventory and capital goods generated.
Should they invest in new inventory and capital equipment, much less personnel?
Pre-tax profits (with inventory and capital consumption adjustments) declined at a 9.2% annual rate in Q2 and are down 7% since last year, the worst since 2001.
Recessions then were precipitated by inventory and capital goods contractions.
Because this recession could last longer than a normal inventory and capital goods contraction--what we experienced in the '60s and '70s--buying high yield paper in the 12% to 14% range is playing Russian roulette.
These statements are likely to address matters such as the company's future financial condition and performance (including earnings per share, profitability, liquidity, cash flows, debt levels, market share growth and other sales information, inventory levels and capital expenditures), its cost reduction initiatives and plans for store closings, and the expansion of product categories, including eBook content and eReaders.
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Without them, much of an economy's capital is held captive on balance sheets, tied up in inventory, working capital, and balance sheet reserves.
They purged excesses in capital spending and inventory accumulation and happened every five years or so.
Improvements in inventory levels, accounts receivable and working capital management--combined with an upturn in technology spending--bode well for Bell's future, according to Janjigian.
With the music buying experience evolving by the moment, old-fashioned record stores with leases, staff and high inventory costs (tying up millions in capital), needed a drastic overhaul.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs and Johnson Redbook retail sales reports, real earnings, the consumer price index, the Empire State manufacturing survey, retail sales, Treasury international capital data, manufacturing trade, inventory and sales, and the NAHB housing market index.
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At the same time, Sony is balancing cash inflows and outflows while working to improve its cash flow by carefully selecting investments, selling assets and strengthening control of working capital such as inventory.
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Imagine the working capital tied up in work in progress and inventory across China.
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Specialists are supposed to make orderly markets in stocks by matching buy and sell orders, dipping into their own firms' capital when buyers can't be matched and selling firm inventory when there are too many buyers.
Under Steve Jobs, Apple was loathe to deploy any capital to shareholders, promising that its investments in new products, inventory and its supply chain would ultimately produce greater returns.
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With inventory averaging 35 days of sales and accounts payable averaging 45 days, the company has negative working capital needs.
"From late 2012 we believe the sector's structural issues rising levels of unsold inventory due to robust launch schedules coupled with a formidable pipeline of completions will continue to depress rents and capital markets, " said David Lum, an analyst for Daiwa Capital Markets, in a recent report.
Fewer companies in this industry will result in better control over their inventory and lessened market uncertainty and competition will allow the remaining three HDD companies to be able to make the technology and capital investments that this industry requires.
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