Posted by Casey in Ky on January 26, 2009 at 07:48:32 from (69.176.30.173):
In Reply to: Cat laying off posted by Spook on January 26, 2009 at 05:10:46:
The thing I don't understand, and don't get me wrong, I know the economy has problems and construction is slowing and probably will continue to slow, but the company still made a $661 million profit for the quarter. Granted that was down from $975 last quarter of 07, but the company still made well over half a billion in profits. I'm confused, how is this bad? I guess it's just not worth being in business unless you make a billion dollar profit every quater. CEO's need to farm for a living....
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Today's Featured Article - Recollections of a John Deere GP - by Charlie Cook. I grew up on my dad's 280 acre general farm in Western Michigan. Dad's only tractor when I was very young was the old GP. My first recollection of this tractor was when dad allowed my brother and myself to ride on the tractor with him driving. One of us would sit on the left fender (away from the clutch) and other would sit on the gas tank and hold onto the crankcase breather pipe.
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