The underlying premise of why we're seeing all of these warnings is a slowing economic cycle. The analysts didn't foresee that growth would slow down as much as they thought.
More Quotes from Joe Cooper:
Now we're in slash and burn time. We think that analysts are going to take down estimates to 5 or 6 percent growth.Joe Cooper
Analysts have always been biased. It's in their nature to be partial. They're covering an industry because they believe in that industry, and they're covering the stocks that are the best in the industry.
Joe Cooper
Through 2001 profit gains are expected to continue slowing, but get back to more sustainable levels. People are viewing this as terrible that growth is slowing, but that's going on the assumption that high double-digit growth is normal.
Joe Cooper
We think when all is said and done, you're talking about something like 13 percent growth.
Joe Cooper
I thought this program was very eye opening and very informative. It deals with issues that we don't often think about, but that we should.
Joe Cooper
These companies are having a tough time following through with the kind of sales projections they had forecast only months ago, ... No one, including the analysts themselves, had predicted such a significant and all-encompassing slowdown, and there's a lot more to come.
Joe Cooper
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