you are correct. they could be filling two or three people's job with a new person.
just saw this below from this morning's yahoo newswire and I think it's neat that Teva is rocking in the same headline as the stimulus package chatter. Drugs and gold are what we need:
08:05 am : S&P futures vs fair value: -18.90. Nasdaq futures vs fair value: -32.30. Stocks are on track for a markedly lower start after the $787 billion economic stimulus bill has passed both chambers of congress. President Obama is expected to sign the bill into law. Wal-Mart (WMT) posted fourth quarter adjusted earnings of $1.03 per share which is better than the consensus forecast, which called for $0.99 per share. the company issued in-line guidance for the first quarter, during which it expects to earn $0.72 to $0.77 per share. For fiscal 2010, the company expects to earn $3.45 to $3.60 per share, which brackets the consensus estimate of $3.59 per share. Teva Pharmaceuticals (TEVA) posted fourth quarter adjusted earnings of $0.76 per share, which is $0.03 more than the consensus estimate of $0.73 per share. The company further distinguished itself by increasing its quarterly dividend some 33% to roughly $0.15 per share, based on recent exchange rates. Illinois Tool Works (ITW) issued in-line earnings guidance of $0.26 to $0.42 per share for the first quarter and $1.84 to $2.48 per share for the full fiscal year. Reuters reports that General Motors (GM) will receive $4 billion in additional governmental financial aid ahead of the company's deadline to submit its survival plan. Meanwhile, GM bondholders are looking to swap their claims for equity stakes, Reuters reports.
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