Indeed, some experts questioned whether such a grim forecast by the company was meant to put pressure on the company's lenders to come up with more credit.
Recessionary times gave way to grim financial forecasts amid rising health care costs.
Despite grim forecasts at the time, he did not succumb to the disease.
The non-partisan Congressional Budget Office has issued a similarly grim forecast.
After laying out a grim financial forecast to his staff, the employees served up the answers: buy more advertising and offer lower fares.
During the course of 2009, the grim forecasts for the effects of the global crisis on the Bulgarian economy largely materialized.
And when lean times arrived, despite the increasingly grim economic forecasts, many Republican legislators went on a last-minute shopping spree before their dramatic loss of power.
Even using grim forecasts of potential costs, it appears that a merger would be a good, solid boost to Federated's earnings over the long haul.
And Saatchi executives stunned the financial community with an unusually grim forecast for next year.
On the evening of April 30, the grim forecast proved right.