Or does this just not seem as bad as the sell-off implies? I mean they grew, gained 0.10 more per share YOY in Q3, missed estimates, but are on track for their 2008 guidance.Confused..
Right really confused and written to scare the market, compliments Mr. Hogan !
I think the problem is that the market assumes that this is the best we're going to see for a couple maybe three years. They are discounting future losses, not yet realized.
That's the problem. Nobody knows what the future holds. But the stock has been sold off like there will be a world wide depression for years. I don't see that in my crystal ball.
i can't understand this stock ,or i guess any stock , i should just get out , [this stock has free cash flow, no dept and 3% div. ] so i must be a fool and just pick up my pennies and leave