A humorous look at the companies that caught our eye, for better or worse, this week
Multiple choice quiz!
Tim Hortons’ shares plunged this week because:
a) The Grilled Peanut Butter and Ham Panini didn’t meet sales expectations;
b) the company cancelled Roll up the Rim to Win, saying “we’ve irritated people long enough.”
c) The number of transactions at stores open for at least 13 months fell in the third quarter as profit missed analysts’ expectations.
Dow Jones industrial average
Number of electoral college votes that Barack Obama won in defeating Mitt Romney: 332.
Number of points the Dow Jones industrial average fell in the two days following his re-election: 434.
With corporate earnings struggling, the global economy in rough shape and the “fiscal cliff” of potential spending cuts and tax increases looming, Mr. Obama’s second term got off to a rocky start.
How are those $900 price targets looking now, analysts? Proving that Apple is as fallible as any other company, the stock has plunged more than 20 per cent from its September peak of $705, meeting the definition of a bear market. With competition intensifying in the smartphone and tablet markets and Apple’s legendary margins in danger, analysts might have to – gulp – start bringing down their lofty projections.
“Hey buddy, can you spare $3.50 for a mocha latte?”
“Down on your luck, eh?”
“Yeah, my Second Cup shares got clobbered after the company announced lousy third-quarter numbers and cut its dividend by 43 per cent.”
“Here’s a fiver. Get yourself a biscotti, too.”
Most people associate electric cars with the speeds of small, shelled animals. Then there’s the Tesla Roadster, with a scorching 0-to-60 time of 3.7 seconds. Calling the third quarter “a fundamental turning point,” the maker of high-performance elecric vehicles said it can now produce 200 cars a week, up from just five a week at the beginning of the third quarter, giving the stock a charge.