Down on forecast, but beat street expectations. How you gonna act?
Guidance trumps current quarter...period. They could have made a 1.00 per share instead of .05 cents and the guidance would have had the same negative impact. This guidance came out of left field...
I'm not suggesting the negative guidance should be overlooked. I am only suggesting the AH price decline reflects the new information plus a classic overreaction to the guidance.
Or better yet, make some money off the market overreaction. Earnings were solid and fiscal cliff will pass. Good chance to make a few quick $. Small position long at 7.7. Hope to be out at 8 shortly.
Sentiment: Strong Buy