Comments on: A Brief Look at the 2009 Fortune 500

By: mark

mark — Wed, 06 May 2009 07:00:56 +0000

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By: JLP

JLP — Fri, 01 May 2009 21:11:34 +0000

Andy,

My mistake. I left off a set of zeros. It’s fixed now. It should have read $98 billion and $785 billion.

Thanks for the catch.

By: Andy

Andy — Fri, 01 May 2009 20:45:37 +0000

Are you sure about those profit figures? $100 million in profit against revenues of $10 trillion means profit is only 1/10000th of revenue, or 0.001%… which is very hard to believe, no matter how bad the economy is.

By: Kirk Kinder

Kirk Kinder — Tue, 28 Apr 2009 17:16:30 +0000

That stat makes me nervous about the current run in the stock market. The market values earnings over the long term so maybe the drop we experienced wasn’t as big as it should have been if profits declined that much.

Of course, many people would state that the market prices future earnings, which is true, but if you look at analyst projections, they are expecting financials to increase profits 87% this year. I just don’t see that happening in a low growth environment.