All you regular posters need to listen to the CC again and listen w/out reading between lines or freaking.
I have read through many of the post here today and yesterday concluding after re-listening to the CC (mainly the Q & A session) that there is way too much over generalizing, exaggerating, and blowing way out of proportion of certain words said by DR when answering Q's.
One example.. he only mentioned about the scenario of a reason a company as MCZ would go private 1 time, not 2 or 3, he didn't suggest at all that they may either, he DID say that he still believes the much bigger numbers are possible to achieve, adding, through the mobile device product of MCZ just needs more of the already interested parties to move in the direction needed to execute and the numbers can get there.
It's expected that the usual negative posters would, did, and are fabricating while blowing things out of proportion, then many of you that call yourselves longs are either orchestrating your own sell and buy back game or you didn't listen well and are sucked into a lot of false hoods started by you (while freaking out) and the na sayers.
Maybe those who post here all the time are all full of baloney?
You may either see things different after listening again or there is a lot of senseless chatter that any investors reading just needs to take this MB as a blow hard session daily.
Best of luck to all, for what ever your goal is.
Good post, and I suspect there is more than a thread of truth in your speculation about poster's motives. That said, a consistent theme of the disgruntled longs is that DR did not faily represent how the quarter was progressing back in November. I think they have a fair point. This is about expectations, more than perfformance. Darren could do a better job accurately communicating. It would save Shareholders a lot of angst and it would help him avoid frustration.
Actually, the 2nd Q conference call in which Richardson stated his expectations for the third quarter occurred on November 6th, and the consumer sentiment reversal and fall-off in sales (according to what I heard him say in yesterday's call) did not begin until Thanksgiving, which was about three weeks later. So he could NOT have been expected to have represented that in the November 6th call. If you're saying it would have only been "fair" to warn between Thanksgiving and yesterday, I've never heard of a company "warning" except against analysts' estimates, and there WERE NO analysts' estimates for revenue or EPS for the Quarter, only for the year. To me, expecting him to warn against some sort of message-board consensus expectation--which includes bashers, shorts, and a pumping long or seven--would have been nuts.
Tim, here, has come closer to reflecting my opinion about the quarter than anyone else. Sometimes we just don't get information we would like to have in as timely a manner as we would wish to have it, but that's not in every case going to be the company's fault, and I don't think it was in this case.
Also, my basis is the Mark of the Beast, .666, and I will concede that if some of you are in this at over a dollar, or heaven forfend, over two dollars, you are going to have a lower tolerance for negative surprise at 48 centavos.
The CC is very clear...when you read this CC you have to put many things in respective like
-after 10 years being the CEO what shareholder improvement and value have occurred
-after reinventing the company for the past 4 years and reached the inflection point where are the benefits?
-after expanding global distribution footprint for many years why US sales has gone to ZERO
-what is the benefits expanding global footprint then?
AFTER MANY YEARS THE EXCUSES FOR MISSING SALES ARE JUST ABOUT THE SAME.
You have to read all the others CC to understand and come to the coclusion that this CEO is all BS..
after all What kind of CEO says
""the $300 million to $500 million target is really one of necessity rather than just ambition""
Aren't you the one that use to work for MCZ? Got fired or something?
I've read enough of your post long already to know your words are deranged and delusional negative.
Never mind, you have nothing of value to say anyway.