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.
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
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
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.
Joe Cooper
We think when all is said and done, you're talking about something like 13 percent growth.
Joe Cooper
The underlying themes are interest rates and commodity pricing. Home buying has slowed down, thus the consumer furnishings area has started to hurt, and in some cases consumers aren't buying any clothes anymore.
Joe Cooper
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