Received an e-mail from the IR mail service about
the rest of the year's earnings dates. They are as
Event: First Quarter 1999 Earnings Release
Event: Second Quarter 1999 Earnings Release
Event: Third Quarter 1999 Earnings Release
you notice that SPLS has very moderated moves to
the downside. well, if you are SPLS management and
you want to further reduce downside risk, you order a
share repurchase and buy at the lower end of the range
when the stock trades there. It further minimizes
The split is for a different reason,
it keeps the price of SPLS at a reasonable level
phychologically for investors. It easier for a small time
investor to take a look at MSFT at 150, and SPLS at $30
and feel better about buying 5 times as many shares
of SPLS, especially since this last year SPLS has
offered better returns with none of the downside of a
trial etc. (I hold MSFT long, so I am not trying to
slam the stock, but SPLS is just less voilatile). So,
primarily it's a psychological thing for investors
<<<<My guess is they will beat by .02
and the stock will take out it's prior high in the
next two weeks.>>>>
Long time since I've been here my
Question for the day:
Why increase the float with a
split and then decrease it with a
Hopefully 6% economic growth last quarter
translates into more business for SPLS.
Frankly, I hope
they beat the number by 1 (with your 22) and massage
any excess to use later. Why waste a good number in a
stock market environment that is too skittish to reward
it. And building a string of beats-by-one engenders
confidence in the company.
(BTW, Diane at ir confirmed
the release date/time by phone).
The line about the release before the bell is
relatively new there. This is a first -- SPLS has always
been an after the bell company, which has led to the
confusion. Actually I'm glad it'll be before the bell --
that we SPLS has a day to make some traction before
TWAWKI ends with strong employment numbers on Friday.
Gee let's see. Employment is up, especially in
service sector. More employees need more office products.
SPLS should benefit from that. Seems like a good
reason to whack the stock.
At least as logical as
anything else on the street now.
My guess -- 22
cents. Only very slight outside shot at 23. There are NO
analyst forecasts above 22.
Oh Tofu -- TWAWKI is
the world as we know it. Used by Y2k millelenialist
It usually dips down toword the lower end of it's
trading range the a couple of days before earnings, It
has more to do with momentum investors jumping out of
the stock just prior to earnings(Since companies
announce usually before or after, in SPLS case after, the
bell, it's risky to be in a stock with an unkown
variable like earnings looming during non-trading hours.
Momentum investors can/will just jump back in first
trading day after the announcement if earnings support a
This problem is also compounded this
time by the jobless claims report also coming out
before the open of the market in Fri, the first trading
day after SPLS announcement, which could inspire a
sell off at the close on Thurs with out the mo
investors jumping ship, lol.
I will not be terribly
shocked to see SPLS test under 27 for a brief time at the
close thurs, but support has been building for that
strike for months now, and today, even tho the S&P broke
down all the way to the 1216 level, SPLS still did not
test under 27, so I am not overly concerned about the
share action right now.
I fully expect friday's
economic report is already priced into the market, and the
market in general will rally at that time, which will be
an additional boost to SPLS momentum the day after
what I hope will be a stellar earnings report. There
certainly wouldn't be any reason for them to not post great
earnings, since most of the retail numbers coming out this
Q have been very good.
My guess is they will
beat by .02 and the stock will take out it's prior
high in the next two weeks.