If we were trading at 59 which is where we were before earnings, PE would be 10% lower than on wedensday before earnings based on managements raised full year expectations.
So theoretically we are down about 20% according to yahoo due to the sell-off of 10% and yahoo's using 3rd quarter EPS as opposed to the prjected full year EPS of 3.73(which excludeshe juice that is likely going to be given by the 79M left to buyback shares).
Listen, if the story changed, I would be the first to admit it. I would say "$$$$, I got ti wrong".
But the stock is cheaper now than before earnings despite higher projected earnings for the year than one could have expected going into earnings.