If a company have to rely on job cutting in order to make more money, then the writing is on the wall. Surely there would be a point when there is no more jobs to cut. What happens then? The very fact that they have to cut jobs even after such a good profit announcement means that the outlook for real profit growth is bad. That is how I read it anyway. It is just like last night's program called 'Bigger Than Enron' on SBS. The Waste Management company have to stretch out its depreciation policy in order to make it looked like there is profit growth.
Just my opinion.
to axe 1000 jobs, page-4
Add CBA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$155.61 |
Change
2.590(1.69%) |
Mkt cap ! $260.4B | |||
| Open | High | Low | Value | Volume |
| $153.00 | $157.28 | $152.42 | $366.7M | 2.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3587 | $155.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $155.61 | 17634 | 6 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |