10/17/2005

The Hurricane ate me earnings

Reporting from the campus of Wharton Business School, Philadelphia, PA

Hello:

Sometimes it seems like companies use bad luck to their advantage. Reminiscent of school day complaints of the dog "eating my homework", it could be that some companies will use any hurricane related excuse to dump bad earnings into the third quarter report. Interestingly, the National Weather Service has announced a 60% chance of a warmer winter this year, and that may have contributed to some profit taking in the Energy Stocks.

A report form Southern California: we are being hit with rain, thunder, lightning, and even an earthquake last night. There have been some power outages overnight. If per chance we do not immediately respond to email messages, phone calls,or voice mails, do know that as soon as we have power back up, we will contact you as soon as we are able.

Terri G. Millson, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager