Chuck Hill
Chuck Hill
biggest concern difficult great guidance percent surprises third time
There were no great surprises and the biggest concern is the guidance going forward. We still think it's going to be a difficult time ? we're already down 8.3 percent for the third quarter.
There was way too much stenography going on.
earnings focus judgment short term
Quarterly earnings are still made up to be too important, in my judgment. There's too much focus on the short term by far.
add earnings estimates last number percent
Of the 59 percent of the S&P 500 that has reported, earnings are down 18.1 percent. If we add that number to estimates for the rest, we're down 22.2 percent from last year.
access entities good group individual means research
I don't see how this means the individual is going to have access to good research. We don't know what entities are going to be in this group of independents.
behind continue estimates levels seen
Analysts are still behind the curve. We will continue to see estimates for 2002 being slashed. We haven't seen the levels of over-pessimism and capitulation yet.
earnings estimates percent second third
The estimates are for earnings to be down 50 percent in the second quarter, 37 percent in the third quarter, and 12 percent in the fourth.
aol charge hard highly inflated purchase signifies stock
The charge signifies that AOL used its highly inflated stock to purchase hard assets.
cross filling good next section specific week
The important thing about next week is not the specific companies. By the end of the week we'll have a pretty good cross section of everything but retailing. It's kind of filling in the blanks.
distribute market research
These independents don't want to participate in a market to distribute their research to everyone.