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Fortune "Global 500" - Walmart regains #1; #2 Exxon most profitable ($39.5 billion)

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entanglement Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-11-07 01:56 PM
Original message
Fortune "Global 500" - Walmart regains #1; #2 Exxon most profitable ($39.5 billion)
"Rising oil prices and a global glut of mergers and acquisitions meant another year of record profits for old-economy companies, putting them at the top of Fortune's annual list."

http://money.cnn.com/magazines/fortune/global500/2007/full_list/
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-11-07 01:59 PM
Response to Original message
1. They're both doin it WITHOUT my help!
I never shop at WM and never buy Exxon gas! Obviously I'm in the monority!
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entanglement Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-11-07 02:15 PM
Response to Reply #1
2. Also see big pharma profits as a percentage of revenue
They're obscenely high - Pfizer, for example has a profits / revenue of 36.9%
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-11-07 02:20 PM
Response to Reply #2
3. Yep, and that's AFTER the advertising expenses for all those damn
TV ads that drive me nuts!
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Toots Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-11-07 02:27 PM
Response to Original message
4. Math
Edited on Wed Jul-11-07 02:28 PM by Toots
39.5 billion divided by 365 as in number of days in a year. WOW over a hundred million a day Net Profit Seems like they did the same thing last year as well. Over seven hundred straight days of Net Profit of $100 million per day...Oh and look for gas prices to go up real soon as well
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-11-07 02:31 PM
Response to Reply #4
5. Gas prices just went up last night around here. They've been
on a frigin yoyo for a few months.
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