Did you Know?Did you Know?
According to a recent survey of 700 of the nation's largest companies, fourth quarter 1995 corporate profits declined 18% from the year-earlier. This compares with last year's 61% increase in fourth quarter profits.
Technology and energy firms saw some of the largest 1995 fourth quarter declines (58% and 37% respectively while the cyclical and noncyclical consumer segments declined 9% and 15% respectively).
The Check Guarantee industry grew 11% overall, with a small number of companies (like CrossCheck Inc., the nation's third largest Guarantee company) outpacing even the previous 1994 growth levels. Check Guarantee runs counter cyclical to the economy; is good in a good economy and even better in a bad one.
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