A&B income sinks 76.9% - Hawaii Business

A&B income sinks 76.9% - Hawaii Business

There are 10 comments on the Honolulu Star-Bulletin story from Oct 30, 2009, titled A&B income sinks 76.9% - Hawaii Business. In it, Honolulu Star-Bulletin reports that:

Matson posted a 23% decline in profit as Hawaii container volume fell 12% By Dave Segal POSTED: 01:30 a.m. HST, Oct 30, 2009 Return to Paginated View Alexander & Baldwin Inc.'s net income plunged 76.9 percent in the third quarter as the company posted lower operating profits in its ocean transportation and real estate units and suffered another ...

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Kwak

Pleasant Hill, CA

#1 Oct 30, 2009
Just sell some more land. Do it today, because tomorrow it will be worth less.
WhatsGoingOn

Honolulu, HI

#2 Oct 30, 2009
It's easy to run Matson, you just increase the fuel surcharge, then get your ships outfitted in China in disregard of the Jones Act, then scream foul when anybody else tries the same!

Time to retire Allen before your found out.
ehhh

Honolulu, HI

#3 Oct 30, 2009
According to Doane:"The company remains on solid financial ground, and our core operating units continue to generate significant cash flow augmented by a multitude of cost-reduction programs and reduced capital spending."
If things are so rosy, why are you leaving?
Rats jumping off a sinking ship.
moke

Pearl City, HI

#4 Oct 30, 2009
this is why i don't see how top exec's deserve the millions they make running a company. if they're going to ride the tide of the economy then a monkey can sit in the ceo's chair and do just as good. now if a exec can pull off decent earnings in a challenging business climate then they are worth it but take a look most businesses and they just follow how the economy is doing.
Killa Wiffa

AOL

#5 Oct 30, 2009
No can ween!!!!!!!!
alice

United States

#6 Oct 30, 2009
matson rips off hawaii routinely
Fact

Honolulu, HI

#7 Oct 30, 2009
This recession will soon become a DEPRESSION. Remember this until the end of 2010.
alice

United States

#8 Oct 30, 2009
alice wrote:
matson rips off hawaii routinely
yup
MEAD

Boston, MA

#9 Oct 30, 2009
The employees from the Puunene Mill on Maui are spreading rumors that the mill and sugar productions will be closing down pretty soon. Sugar is unhealthy and a money loser. I'm surprise this what you call managers don't see what is happening. Diversify your crops you idiots while the infrastruture is down. The mill is old, out of date, and just inefficiently runned. The last sugar production mill on Kaua`i closed for good. I guess the Native Hawaiians are fulfilling their dreams.
alice

United States

#10 Oct 31, 2009
Hawaiin sugar is not needed in the world.

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