General Mills Profit Misses Estimates on Raw-Material Costs

[ASusilovic]

Dec. 16 (Bloomberg) -- General Mills Inc., the maker of Cheerios cereal and Progresso soup, reported an 8.6 percent gain in second-quarter profit, missing analysts’ projections as costs of raw ingredients increased.

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aMOp_r04KbNc&pos=5

You can read in several company reports : raw material prices increased here and there, yet inflation is according to uncle BEN and dream team "tamed" and "subdued". Professional liars.

 

[nazzdack]

Quote from ASusilovic:
----General Mills Inc. reported an 8.6 percent gain in second-quarter profit, missing analysts’ projections....
----raw material prices increased here and there....

1) The "bar" was set too "high" again.
2) They need to do more speculative trading in their grain hedging account. :eek:

 

[dumb_mother]

nothing to see here, no inflation eating our profits- NOM NOM NOM

 

[Covertibility]

If there was ever one stock to own and never sell, this would have to be it.

 

[S2007S]

Is Bubble ben bernanke taking notice of higher prices in raw materials or is he looking away just like he did during the sub prime mortgage crisis. Nope no inflation, another fucking liar that Bubble ben is.

 

[ASusilovic]

Quote from nazzdack:

1) The "bar" was set too "high" again.
2) They need to do more speculative trading in their grain hedging account. :eek:

Intraday Liquidity providers are always welcome. Even from the soft commodities industry.

 

[tradestrong]

Quote from ASusilovic:

Dec. 16 (Bloomberg) -- General Mills Inc., the maker of Cheerios cereal and Progresso soup, reported an 8.6 percent gain in second-quarter profit, missing analysts’ projections as costs of raw ingredients increased.

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aMOp_r04KbNc&pos=5

You can read in several company reports : raw material prices increased here and there, yet inflation is according to uncle BEN and dream team "tamed" and "subdued". Professional liars.

Actually...you are arguing precisely why there is deflation. When inflationary costs can't be passed down to consumers, you have deflation. It creates a dangerous downward spiral for companies as their profit margins fall, consumers continue hanging onto money waiting for even lower prices, and companies can't raise prices to match rising costs.

so yes...Bernanke is right...inflation is tame.

 

[S2007S]

Quote from tradestrong:

Actually...you are arguing precisely why there is deflation. When inflationary costs can't be passed down to consumers, you have deflation. It creates a dangerous downward spiral for companies as their profit margins fall, consumers continue hanging onto money waiting for even lower prices, and companies can't raise prices to match rising costs.

so yes...Bernanke is right...inflation is tame.

They say the haven't passed much of the increased prices of raw materials down to the consumer but all you have to do is take a quick ride to your grocery store and just take a look at the prices of cereal, paper towels, juice and what ever else and you can see prices are sky high. Last week I saw quart of heavy cream for $6.00!!!!!

 

[ASusilovic]

Quote from tradestrong:

Actually...you are arguing precisely why there is deflation. When inflationary costs can't be passed down to consumers, you have deflation. It creates a dangerous downward spiral for companies as their profit margins fall, consumers continue hanging onto money waiting for even lower prices, and companies can't raise prices to match rising costs.

so yes...Bernanke is right...inflation is tame.

Oh, I thought it´s called stagflation, or ?