strong aussie $ hurts bbg profits, page-3

mike
big picture..the us has a massive debt as result of bush's great capacity to stuff things up. that idiot reduced taxes when he needed money to fund a war
what a goose!!
how could the yanks elect such dunderheads
my feeling is that the aud will reach parity with the usd by xmas
so if you think that the 40% of its income comes mainly from the us,then bbg probably is facing headwinds
consensus forecasts are about 2% 3 years down the track
long term I have feeling that he us dollar will reach parity by xmas
2011 eps = .69
40% of income comes from us means .28
that will mean a decline of 17% max
so a decline in earnings to .23 from the us
all up total earnings will have fallen from .69 to .64
probably a decline of about 2% per year over 3 years
my feeling bbg will not go forward nor will it go back
2% forecast forward 2% back
I was using bbg as collateral for a margin loan
i have subsequently paid off the loan and only hold a small package
as a short I reckon it is a dud like a rat on wheel
going absolutely nowhere fast
we shall see