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No one should see this as a fundamental turnaround.
"I think what you are seeing today is not the end but the beginning of a long, fundamental turnaround at Alcatel-Lucent," Mendlerdler said.
The unprecedented "bottom line" profit, a total of €615m (£545madeade by the 700 top-flight clubs in Europe's 55 national leagues, represents a fundamental turnaround since 2008-11, when clubs' total losses amounted to more than €5bn (£4.4bn), Uefa said.
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From a fundamental perspective, the turnaround makes no sense, of course, since nothing new has happened to change the value of technology stocks.
Do their fundamentals support this turnaround?
"You need cash to pay your people," Warnsman said, "profits are interesting, but in a turnaround situation, cash is fundamental..
All this has spelled bad news for Kingfisher, the effectiveness of the turnaround being masked by underlying weaknesses in the fundamental business performance.
Even if the fundamentals are there for a second-half turnaround, a big enough blow to confidence could get households and firms to retreat back into their shells, just as they did last summer.
3. Fundamentals rule, representing the necessary solid foundation every turnaround must be built on.
Early social audits addressed settings without accepted sample frames, the fundamentals of reproducible questionnaires, and the logistics of data turnaround.
Mr. Trichet said the economic fundamentals of the euro-zone warrant a much stronger euro, and like the dollar in 1994, a turnaround in its fortunes could be sudden and would happen soon.
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