22 Jan 07
Pfizer's fourth-quarter earnings report, issued earlier Monday, illustrated the company's woes. Net income for the period rose sharply because of the $16.6 billion sale of its consumer health-care business last month, resulting in an after-tax gain of $7.9 billion.
http://news.yahoo.com/s/ap/20070122/ap_on_bi_ge/pfizer_restructuring
So making "only" $7.9 billion in 3 months is an economic catastrophe who's only solution is massive layoffs??? Welcome to the New World economy.
22 Jan 07
Originally posted by no1marauderoooh,is the wittle man mad at big business fow making a pwofit and cweating wealth for thousands and thousands of shareholders, who by the way, include "normal" investors, not just fat-cats.
Pfizer's fourth-quarter earnings report, issued earlier Monday, illustrated the company's woes. Net income for the period rose sharply because of the $16.6 billion sale of its consumer health-care business last month, [b]resulting in an after-tax gain of $7.9 billion.
http://news.yahoo.com/s/ap/20070122/ap_on_bi_ge/pfizer_restructuring
...[text shortened]... mic catastrophe who's only solution is massive layoffs??? Welcome to the New World economy.[/b]
Maybe the redundancies are to do with Pfizer's restructuring and not with how well the company's doing.
After all, they sold it's consumer health-care business for 16.6 billion. This is a one-off event, which will not be repeated next quarter. They made a profit of only 7.9 billion. So without the income resulting from the sale, the big profit suddenly turns into roughly a 9 million loss. Not that healthy.
Maybe that's why they need to restructure, and let people go.
22 Jan 07
1 edit
Originally posted by knightwestWhat a retard! A sale of $16.6 billion isn't a PROFIT of $16.6 billion! Go back to school before you try to lecture someone about business, dolt.
oooh,is the wittle man mad at big business fow making a pwofit and cweating wealth for thousands and thousands of shareholders, who by the way, include "normal" investors, not just fat-cats.
Maybe the redundancies are to do with Pfizer's restructuring and not with how well the company's doing.
After all, they sold it's consumer health-care business fo ...[text shortened]... n loss. Not that healthy.
Maybe that's why they need to restructure, and let people go.
EDIT: Try having someone read the whole article to you:
Excluding the gain from the sale of the consumer division, earnings totaled $3.05 billion, or 43 cents per share,
22 Jan 07
1 edit
Originally posted by no1marauderCareful, you'll offend the retarded dolts .. your main fan base.
What a retard! A sale of $16.6 billion isn't a PROFIT of $16.6 billion! Go back to school before you try to lecture someone about business, dolt.
EDIT: Try having someone read the whole article to you:
Excluding the gain from the sale of the consumer division, earnings totaled $3.05 billion, or 43 cents per share,
How many lawyers does it take to swindle a retarded dolt?
22 Jan 07
Originally posted by no1marauderTrickle down theory in action!
Pfizer's fourth-quarter earnings report, issued earlier Monday, illustrated the company's woes. Net income for the period rose sharply because of the $16.6 billion sale of its consumer health-care business last month, [b]resulting in an after-tax gain of $7.9 billion.
http://news.yahoo.com/s/ap/20070122/ap_on_bi_ge/pfizer_restructuring
...[text shortened]... mic catastrophe who's only solution is massive layoffs??? Welcome to the New World economy.[/b]
22 Jan 07
Originally posted by no1marauderThis is an injustice to all mankind! They don't need money to do research! I can prove it! Look at all the drugs that come out of China!
Pfizer's fourth-quarter earnings report, issued earlier Monday, illustrated the company's woes. Net income for the period rose sharply because of the $16.6 billion sale of its consumer health-care business last month, [b]resulting in an after-tax gain of $7.9 billion.
http://news.yahoo.com/s/ap/20070122/ap_on_bi_ge/pfizer_restructuring
...[text shortened]... mic catastrophe who's only solution is massive layoffs??? Welcome to the New World economy.[/b]
22 Jan 07
Originally posted by knightwestAlthough big rounds of job cuts typically boost a company's stock prize, shares of Pfizer fell 27 cents, or 1 percent, to close Monday at $26.95 on the New York Stock Exchange
oooh,is the wittle man mad at big business fow making a pwofit and cweating wealth for thousands and thousands of shareholders, who by the way, include "normal" investors, not just fat-cats.
Maybe the redundancies are to do with Pfizer's restructuring and not with how well the company's doing.
After all, they sold it's consumer health-care business fo ...[text shortened]... n loss. Not that healthy.
Maybe that's why they need to restructure, and let people go.
http://news.yahoo.com/s/ap/20070122/ap_on_bi_ge/pfizer_restructuring
