Not sure if I buy CNBC bringing on a bull and calling a bottom as the herd rushes for the entrance only to have the hedge funds sell to the sheep like myself and leave us holding the bag. Shows you how much I respect CNBC. Hate this station with a passion.
CNBC is noted for doing this. A bull calling a bottom on this stock is no different than a bear calling for a further decline to 425-430. i am inclined to agree with the bear in this case. Buying now is like trying to catch a falling knife. The stock can go much lower. If another earnings miss or lower guidance you are looking at testing 400. More competition, margin compression, management turnover, supply chain challenges, and an absence of product innovation is why the pps has fallen so dramatically. Best to wait for after earnings to see where the stock resets.