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Profiting from Overseas Growth | Profiting from Overseas Growth |
| Blog - Platform | |
| Written by Basab Pradhan | |
| Friday, 10 August 2007 | |
Yesterday’s Wall Street Journal has an article [subscription required] that says that overseas profits are fueling growth for US companies, even as the financial markets tumble. The weak dollar is one of the reasons. The other is that Asian and Emerging economies is where the growth is.
Foreign operations contributed to strong second-quarter results in recent weeks from a number of companies, ranging from giants like General Motors Corp. and Citigroup Inc. to smaller manufacturers like Harley-Davidson Inc. Part of this upswing can be traced to a weaker dollar, which creates an automatic gain when a company translates overseas profits back into now-devalued greenbacks. As I meet Tech sector Analysts in the markets, I find out just how interested they are in companies that have significant overseas revenue. Of course, being interested isn’t enough. Assembling the data on geographically broken out revenue and profit is very painful. Until I tell them about how easy it is to do that on the Gridstone platform! Every company we cover will have Geo breakouts, if it reports them. They love it!
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