Consumer Goods Sector Report

So, first of all, sorry this post is late and sorry I missed the meeting. I'm busy cramming for midterms. My bad.

Ok, so on to business: The market finally closed up today (hooray) and so did all of our consumer goods holdings. Toyota is just a smidge away from where we bought it, so hopefully we'll see it back up trading around 138, where it hit just before the market drop last week. Not much news regarding TM this week.

P&G announced today that they were going to cut half the jobs at its cosmetic plant in Ireland. CoverGirl and MaxFactor will be made in Poland starting in 2008 as P&G is opening a plant there, supposedly to be closer to emerging markets. This will be a significant loss to the littl eIrish town as the P&G plant is reportedly a major job source there. P&G is following a string of multinationals to pull out of the country this year (Pfizer just laid off 545 workers in Ireland). Still the stock was up today. Let's see what the market does over spring break and if we can get more cash...

Have a great spring break everyone (if we can all get through this week first!!)!