…than a frontal lobotomy. (attributed to Tom Waits)
And evidently, in these hard times, so would a lot of other people.
If you're sick of watching your 401(k) and blue-chip stocks tank, here's a hot investment tip: booze.
From today's Huffington Post (http://www.huffingtonpost.com/): Check out the latest performance figures from the diversified producer of brands including Jack Daniel's and Finlandia:
Brown-Forman Corporation reported that diluted earnings per share from continuing operations increased 13% to $0.94 and operating income increased 4% to $222 million for its fiscal 2009 second quarter. For the first six months of the fiscal year, diluted earnings per share increased 5% to $1.52, while operating income decreased 2% to $362 million. Adjusting for items in Schedule A of this press release, underlying operating income grew 5% for the second quarter and 4% for the first half of fiscal 2009.
It's nice to know that at least one American business won't need to tap into TARP to stay afloat, even though it's another industry that's that's “too big to fail.”
What does this have to do with insurance? Not much, but hey, it's Friday. Think I'll go home and check on my portfolio (mmm, Tanqueray).
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