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  • jacosa jacosa Sep 11, 2009 12:15 PM Flag

    News Release PLC

    Only, why do I think this should have been done a week ago?

    This gives me the impression that management expected to be able to link the bread-and-butter note with some big announcement (presumably British, French or German distribution, or a significant order) and the big item fell through. This is the equivalent of the home-run swing in baseball or headhunting in boxing, and as in the other cases, turns out badly more often than it turns out well. They shoulda announced the news while it was warm, and if there was a follow-on, announced that.