Seems to be bouncing all over the place, like the mm is playing games.
The call sounded good. IMO, I would listen to it before I started making decisions (especially if I was thinking of shorting). Just a few points from the call.
Margins will be above 44% for Q3.
Over $350 million of revs for Q4 could likely result in profits.
They are trying to build inventory while not going crazy (ShapeUps debacle) and the extra product for the build is getting ordered and resulting in no build.
Bookvalue $18.14 as of June 30. The settlement is accrued with $5 million already gone in this quarter and the other $45 million will come off balance sheet in Q4, if I heard it correctly. I think I heard $7.59 cash per share.
I need to listen to the cc again, but Weinberg actually sounded positive about just about every part of the business and mentioned that every part of the Brand is working right now.