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Do not look now folks
but the towers are falling once more,
only this time it is in slow motion.
In a sadistic twist of irony,
the Twin Towers, the symbol of capitalism,
are crumbling to the ground.
A circumstance seemingly incredulous
in fact may be true;
the very definition of paradox.
The difference this time is
the principles of a weak foundation,
specifically greed, as the source
bringing down the house.
What is being described as a very big day
for Wall Street and the world is
lesson learned by civilizations throughout history.
At present the conversation is
how big is too big to fail?
Until this time, the scope has been limited
to financially viable corporations
concerned about fiduciary responsibility
to its shareholders.
When you go to the video, it becomes clear
the line has shifted to a scale
of monumental proportions.
Talk about your bridge to nowhere.
Seven years have gone.
The memory seared in our minds.
Where we were on that fateful day,
starring at the screen,
wondering when the next shoe would drop
as we watched the next Tower fall.
The initial attempt at the structure
was in vain,the successful attack
removed the symbol of strength,
and now it appears
the weed is being pulled out at the roots.
Therefore, the words resound
throughout the nation,
‘you’re on our own’…
The ramifications of the fallout
are exponential;those whom had not
are no worse off,
those used to living the high life
are taking a haircut.
By the numbers,the three to five million
unemployed citizens of the USA
may have doubled overnight.
Now may be too early for a wake up call
and too late to set the alarm,
or vice versa.
The U.S. Financial Markets
are learning a lesson far too many people
have been living far too long;
distinguishing liquidity
from solvency to regain stability.
Such is the success story of E-Bay, t
he masses raising capital
to meet their financial means.
So at the end of the day,
when the dust has settled
and the smoke has cleared
only one element stands alone:
It is an election year.
Don’t tell me it’s not worth fighting for…
gjf september 2008
geo-Logic and Reason
Crystal balls ...75 by september...UPDATE 1-Express Scripts 2nd quarter profit edges higher
ST. LOUIS, July 29 /PRNewswire-FirstCall/ -- Express Scripts, Inc. (Nasdaq: ESRX - News) announced second quarter net income from continuing operations of $192.0 million, or $0.74 per diluted share. Excluding non-recurring items in the quarter, primarily related to the previously announced acquisition of WellPoint's pharmacy benefit management business ("NextRx"), earnings per diluted share was $0.88, up 16% from $0.76 for the same period last year. These earnings for the quarter include $0.05 per share of dilution related to the pre-close debt and equity issuances which were completed on June 9 and 10, 2009, respectively
Second Quarter 2009 Highlights (2009 data reflected on an adjusted basis. See Table 2)
Gross profit increased 18% from 2008.
EBITDA per adjusted claim was $3.20, an increase of 20% from the prior year.
In June, the Company raised $4.1 billion of cash to pre-fund the NextRx acquisition (26.5 million new shares and $2.5 billion of new public debt).
2009 Guidance
The Company previously provided 2009 earnings per diluted share guidance in a range of $3.67 to $3.77, which excluded any impact related to the NextRx transaction. Due to strong underlying fundamentals in the core business, the Company now believes 2009 earnings on the same basis will be in a range of $3.72 to $3.82, representing 20% to 23% growth over 2008.
The following factors are not reflected in the guidance range above
Second Quarter 2009 Highlights (2009 data reflected on an adjusted basis. See Table 2)
Gross profit increased 18% from 2008.
EBITDA per adjusted claim was $3.20, an increase of 20% from the prior year.
In June, the Company raised $4.1 billion of cash to pre-fund the NextRx acquisition (26.5 million new shares and $2.5 billion of new public debt).
2009 Guidance
The Company previously provided 2009 earnings per diluted share guidance in a range of $3.67 to $3.77, which excluded any impact related to the NextRx transaction. Due to strong underlying fundamentals in the core business, the Company now believes 2009 earnings on the same basis will be in a range of $3.72 to $3.82, representing 20% to 23% growth over 2008.
The following factors are not reflected in the guidance range above
Blog Archive
geo-blogs
NOW That's Just Wrong
http://geo-justwrong.blogspot.com/
Tipping Points: Compendium of Factual Points
http://tippingpointsin7wordsorless.blogspot.com/
geo-Logic & Reason: hyperbole w/ Sarcasm
http://wwwgjfcom.blogspot.com/
geo-$cents: Money & Economic points
http://geo-dollarsense.blogspot.com/
geo-politics: Stranger than Fiction
http://gjf-geo-politics.blogspot.com/
Dada of Dadaism: Music &The Arts
http://dada-gjf.blogspot.com/
mygjf: Work in progress
http://sites.google.com/a/mygjf.com/sites/
http://geo-justwrong.blogspot.com/
Tipping Points: Compendium of Factual Points
http://tippingpointsin7wordsorless.blogspot.com/
geo-Logic & Reason: hyperbole w/ Sarcasm
http://wwwgjfcom.blogspot.com/
geo-$cents: Money & Economic points
http://geo-dollarsense.blogspot.com/
geo-politics: Stranger than Fiction
http://gjf-geo-politics.blogspot.com/
Dada of Dadaism: Music &The Arts
http://dada-gjf.blogspot.com/
mygjf: Work in progress
http://sites.google.com/a/mygjf.com/sites/
The 9/11 of Wall Street
Do not look now folks
but the towers are falling once more,
only this time it is in slow motion.
In a sadistic twist of irony,
the Twin Towers, the symbol of capitalism,
are crumbling to the ground.
A circumstance seemingly incredulous
in fact may be true;
the very definition of paradox.
The difference this time is
the principles of a weak foundation,
specifically greed, as the source
bringing down the house.
What is being described as a very big day
for Wall Street and the world is
lesson learned by civilizations throughout history.
At present the conversation is
how big is too big to fail?
Until this time, the scope has been limited
to financially viable corporations
concerned about fiduciary responsibility
to its shareholders.
When you go to the video, it becomes clear
the line has shifted to a scale
of monumental proportions.
Talk about your bridge to nowhere.
Seven years have gone.
The memory seared in our minds.
Where we were on that fateful day,
starring at the screen,
wondering when the next shoe would drop
as we watched the next Tower fall.
The initial attempt at the structure
was in vain,the successful attack
removed the symbol of strength,
and now it appears
the weed is being pulled out at the roots.
Therefore, the words resound
throughout the nation,
‘you’re on our own’…
The ramifications of the fallout
are exponential;those whom had not
are no worse off,
those used to living the high life
are taking a haircut.
By the numbers,the three to five million
unemployed citizens of the USA
may have doubled overnight.
Now may be too early for a wake up call
and too late to set the alarm,
or vice versa.
The U.S. Financial Markets
are learning a lesson far too many people
have been living far too long;
distinguishing liquidity
from solvency to regain stability.
Such is the success story of E-Bay, t
he masses raising capital
to meet their financial means.
So at the end of the day,
when the dust has settled
and the smoke has cleared
only one element stands alone:
It is an election year.
Don’t tell me it’s not worth fighting for…
gjf september 2008
geo-Logic and Reason
My Blog List
express scripts ESRX
About Me
- gjf
- Born in Queens,NY...Raised on Long Island...Served in the military... Lived Abroad
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