every analyst was in the mid 12% area or so (Goldman Sachs is at 12.6%).They are guiding to 11 to 12%.SAPE is an operating margin story, and once again, they are looking to disappoint.I expect this to be the focus on the conference call.
mamabear . . .cover yet?
12% to 14% margin guidance given during call for 2011. You had better cover!!!