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Durable goods are just that: hard goods; they don't wear out quickly and can be used over and over again for at least several years. Think your car, TV, refrigerator or computer. These are certainly not disposable, one-time use items.
The opposite of a hard good is (surprise!) a soft good or, if you like, a non-durable good. These are products you use once, like your lunch at McDonald's, the gas in your car and the ugly sweater your grandmother bought you for your birthday. These items have an intended lifespan short of three years, or are consumed immediately.
Investors pay attention to the monthly durable orders report released by the Commerce Department around the end of each month. When durable goods are strong, it means that U.S. manufacturing is humming along, though economists tend to parse the numbers pretty closely. Big-ticket items can skew the overall results, since an order for, say, 75 Boeing 747s has a bigger impact than 75 iPods. Luckily, the data lets economists break down the sectors.
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Friday, May 09, 2008
Xmark Comments on Genaera Cost-Saving Plan
Comtex
RIDGEFIELD, Conn., May 9, 2008 /PRNewswire via COMTEX News Network/ ----Xmark Opportunity Partners, LLC, the investment manager to Xmark Opportunity Fund, L.P., Xmark Opportunity Fund, Ltd. and Xmark JV Investment Partners, LLC, announced today that it fully supports the initiatives outlined in the press release issued by Genaera Corporation (Nasdaq: GENR) on May 8, 2008 with respect to executive base compensation, cash incentives to executives, workforce reduction and the streamlining of expenditures.
"Management has made difficult, fiscally-responsible choices that will afford its shareholders the opportunity to profit from MSI-1436 and MEDI-528 without suffering dilution during a turbulent period in the markets," said Mitchell D. Kaye, the Chief Executive Officer of Xmark Opportunity Partners. Mr. Kaye added that, "this type of responsible behavior should serve as a model for similarly-situated companies in the small-cap biotech sector." Mr. Kaye is a member of the Board of Directors of Genaera.
SOURCE Xmark Opportunity Partners, LLC
Copyright (C) 2008 PR Newswire. All rights reserved
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