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This is the company the city & state lured here with $22M of taxpayer money. Their first year in Charlotte hasn't been good to them. I heard they were going to hold their earnings announcement until after the market closed. (never a good sign)
This is the company the city & state lured here with $22M of taxpayer money. Their first year in Charlotte hasn't been good to them. I heard they were going to hold their earnings announcement until after the market closed. (never a good sign)
Chiquita moved from Cincinnati to Charlotte last year, lured in part by more than $22 million worth of state and local incentives. The company promised to bring about 400 jobs. Chiquita cut about 15 jobs at its Charlotte headquarters as part of the restructuring last year, but was still ahead of its hiring goals for the incentives.
Lonergan remained upbeat. “Chiquita has made significant progress implementing its refocused strategic direction in the second half of 2012, and is well positioned for future growth,” he said.
This is the company the city & state lured here with $22M of taxpayer money. Their first year in Charlotte hasn't been good to them. I heard they were going to hold their earnings announcement until after the market closed. (never a good sign)
By bringing incentives into the mix, are you suggesting Charlotte made a mistake? We're the incentives cash payments or reduced taxes? Anything other than a direct payment would not constitute taxpayer money.
As for the financials, read a little before posting headlines that you don't understand just to make a political point. Revenue growth was higher than analyst expectations. The loss stemmed from one time events which is not unusual when restructuring a business. Analyst's profit expectations For future quarters has risen from .35/share to .43/share. In other words, the analyst are seeing positive operational results within the company and market to raise profit predictions.
It's one thing to post on this board for discussion purposes and another to post headlines without mentioning material items just to make a political point. So far this week, this is the third thread in which you have been a major participant and been completely wrong or misleading with facts.
I wan't really commenting on it, just pointing it out. But still, a profit is certainly better than a loss.
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