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by Wide Awake @ has closing date woo hoo on May 29th, 2009
Help answer this question below.
by Son of Cleaver on May 30th, 2009
Why would Tiffany's get a bailout? Is Tiffany's a critical business? The auto and financial industries represent a foundation of the U.S. economy. Tiffany's does not. In fact, Tiffany's only represents about 7% of the U.S. specialty jewelry industry. I didn't realize that until I spent a lot of time studying the company a few years ago.
The underlying point is if Tiffany's goes into bankruptcy, I doubt it could have the crushing impact on the U.S. economy as either the financial or auto industry would.
However, as a shareholder, I'd be royally pissed off.
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You're reading Tiffany's is reporting a 62% drop in sales. Will their bailout have a high price tag? :)
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Comments
It was more of a joke question - hence the "conversational" classification.
by Wide Awake @ has closing date woo hoo on May 30th, 2009