Miss yet again....its frustrating being in this company. Even though they are getting stronger the inconsistency is painful. Another $200M buyback authorized...not sure why they are not giving it back inform of dividends!
Well, it seems to me that the misses are all for worthwhile items. Retirement of convertible debt is a worthy cause, etc. Ignore the one time items and look at the "repeatable" items. It seems to me that is what the market is doing and that makes sense.
That is not the point. Management should make clear well in advance about earnings prospects so they protect their investors. They cannot be trusted and if you believe for a minute they did not know all I can say is these people depend on the naive so they can keep rewarding themselves.