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Global Investing Roundups
Toll Brothers 4Q Revenue Caves; Vodaphone Focuses on Cash; Tyco Doubles 4Q Net Income; StatOilHydro Buys Shale Gas from Chesapeake; Oil Hits 20-month Low; Sirius Posts Profit Loss Despite Increase in Revenue
- Reeling from the housing and credit crisis, luxury-home builder Toll Brothers Inc. (TOL), reported a 41% dive in its fiscal fourth-quarter revenue, Bloomberg reported. “Unfortunately, the preliminary signs of stability we had discussed in early September were upended by the past month’s financial crisis,” Chief Executive Officer Robert Toll said in a statement.
- Despite first-half profit falling 35% and a reduced sales forecast, Vodaphone Group Plc (VOD) investors cheered the company’s plan…
With Strong Growth Prospects at Home and Increasing Influence Abroad, India is a Profit Play Investors Need to Make Now
The Indian market as measured by the Mumbai Sensex Index is down 22% this year, about 25% below its all-time high reached in January. That’s not very surprising: China is down further (about 35%) and most other emerging stock markets have also fallen. Growth in 2008 seems likely to be slower than in 2007 and there are some signs of a credit crunch. Yet India remains one of the world’s great growth opportunities and investors at this level may well be getting in on the ground floor of a very major long-term profit play.
Let me explain …
India’s economy expanded at…
17Apr2008 | Money Morning | Comments Off | Continued
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