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Tire manufacturing company $GT reported 1Q16 net income of $184MM or $0.68 per share compared to $224MM or $0.82 per share in 1Q15. Sales were $3.7Bil, down from $4Bil a year ago, largely due to unfavorable foreign currency translation of $141MM and the deconsolidation of the companyâ??s subsidiary in Venezuela. Excluding items, EPS was $0.54.
Of all the Wall St firms out there, Goldman Sachs $GS is the most revered for the way they're run - hiring the best, highly competitive, a closely-knit peer group and making tons of profits for the shareholders. An interesting interview of its CEO Llyod Blankfein by Carlyle groups chief David Rubenstein
Great results from $TSLA, however the question remains if Tesla can continue to scale up to produce the cars in the quantity it promises. Model 3 numbers need to be in multiples of what they are producing right now. Wish them the best, will keep an eye as I am still not convinced that they can scale easily.
Watching $TSLA Oct 28th $215 Calls for possible entry
Chipotle stock is crashing like a falling knife after it's earnings report last evening; down about 10% already today! Was Bill Ackman wrong in buying about 10% stake in $CMG couple of months ago? Or is this market reacting to disappointing earnings? And can they really get customers to trust them again after food-safety crisis?