New York-based PepsiCo (NYSE:PEP), the international food, beverage, and snack company I’m sure you’re all familiar with, recently had its corporate credit rating downgraded by S&P. It’s been lowered to A from A+.
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Lexmark Intl (NYSE:LXK) — Revenue Expectation Missed, Stock Slammed
Lexmark International (NYSE:LXK), the Lexington, Kentucky-based printer manufacturer, revealed third quarter revenue that fell far short of expectations and, not surprisingly, the stock was slammed. Many of the company missteps and problems that Strategic Short Report editor Dan Amoss has been busily bringing to our attention are finally coming home to roost.
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