C4Lukins said:
The market is about growth not just big numbers. This was a fantastic year for them in both regards, but even if they maintain this sort of dominance, as far as investors are concerned they need to grow even larger for it to be a company to keep their eye on. It is not negative spin, they are just talking about their potential for further growth in the future.
Screw the investors. That's the problem with so many large companies: they're not happy turning a profit every year, even a very large profit. They feel that they must grow, or they're failing. Making $3 billion in profit two years running is considered bad. Making $3 billion one year and $2.9 billion the next is considered "losing money".
The concept of invested shares was not meant to be a buying and selling game. It was meant to work like this: you buy some shares, and you get back profit on each share you have. If the company profits, you profit.
But of course, it turned out you can make more money by buying low and selling high.
Still, that wasn't a problem, either. The problem is that companies are more concerned about their share price than their profitability--because their own executives and shareholders demand it, since they also want the faster cash for their own shares.
It creates all sorts of problems, including hugely overvalued shares based on potential earnings (which can lead to problems like the market is experiencing now).
On the real world side, outside of financial silliness, it can make for a very poor work environment. I work for a company that's been purchased several times over the last 6 years, and most of those buyouts come with mass firings and increased workloads for the remaining employees. Every year, we're expected to have significantly higher sales despite the fact that our customer base has a fairly steady cap--the number of hotel rooms we have in our casinos. Costs are expected to fall every year, so when an employee leaves, they're often not replaced. All this for the stock price. The company makes an extremely high profit every year, but not necessarily more than the prior one. It's not sustainable.
A few years ago, I worked for another casino. It was bought out and I lost my job, with no regard for how well I'd done--it was simple math. I saw the e-mail to my boss (who was fired after he'd fired the rest of us) detailing how much money he needed to cut in salaries.
I didn't hold a grudge, and in fact took another job a few months later, with the company who bought us out. But it is frustrating.