Dow Chemical’s (DOW) Perfect Pitch
October 23, 2008 by Douglas A. McIntyre
Dow Chemical (DOW) reported earnings today. Beyond all the numbers, segment earnings, and geographic data, there was only one important thing. "In our view, we will likely see a global recession through most of 2009."
The forecast has special weight coming from Dow. It is not just a $60 billion company. It is a firm which does business in a substandial number of sectors and does it in almost every country in the world.
Dow has built itself into an operation which spans from chemicals to plastics to agricultural products. It said the prices that it charges customers were up 22%. That is a sign inflation may not be wrung out of the global economy.
But, the real news is Dow’s view of the future. Very few companies have been so pessimistic.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.