Letter to shareholders they should put out after GREAT CC last nite
Dear Loyal shareholders,
Again please accept our sincere apologies for that ‘technical’ miss last night. However, as you heard on the conference call, when you add the 4 shipments back in that WE held up for various credit & payment assurances; Capstone’s margins of 16%/18% beat, our revenues of $33 million beat, and our projected EPS of $.00 also beat.
We did what we thought was best for the LONG term health of the company.
Again, please accept out apologies for this SHORT term blip in the great progress we are making.
Anyone who panic sells on a short term and non--consequencial event not under the control of CPSTdoesn't belong in this stock anyway, THIS AMOUNTS TO A BETTER Q2 AND WE SHOULD CONSIDER THAT NOW..This is a great long term situation and will reward lots of smart investors. Sometimes on a quarter to quarter time frame things happen,SO WHAT... i'M A HOLDER AND A BUYER.. BOUGHT DURING THE AH's PANIC LAST NIGHT AND WILL MAKE MONEY TODAY. PEACE TO ALL AND DON'T SWEAT THE SMALL THINGS IN LIFE..
We know, we screwed up by not offering guidance sometime over the last 39 days to prepare you for yesterday's numbers.
What were they thinking? Can you imagine if they offered that guidance days or weeks ago, then told us yesterday that cash in Q2 already greater than all of Q1...could have avoided the panic/drop IMHO.