I have been working on downloading SEC filings of about 85 US Companines and then statistically analyzing these quarterly results to see if during 2008, either their Revenue or Earnings were affected negatively. I did a similar analysis after the 2001 terrorist attack to see who was negatively impacted. For example, several of the airlines were already in decline prior to this event, however they wasted no time in blaming poor business performance soley on 9/11!
I have only gotten through the "A's", which is 12 companies (24 business results with Revenue and Earnings). Of these 15 of the 24 results were unaffected or improved during 2008 with one company having results dropping off in 2007. However, you can bet that Quarterly Earnings Releases are full of the difficulties confronting them during 2008 and beyond!
Hope to have the other 70 companies finished soon, so come back in a couple of weeks.
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