That was the problem ... Just saying that one of their markets was weak, and the upcoming quarter is traditionally the weakest of the year, doesn't do jack in helping us understand how they'll perform. Weak compared to what?
If weak relative to recent uptick in sales, then they could still deliver 100% EPS growth Q over Q. If weak relative to Q2 prior year, then yes, that's a completely different issue. They left us guessing.
The press release was poorly worded. And the CEO and CFO here are naive idiots not to have understood the necessity of communicating more extensively as to what they meant by "weak".
They made 6 cents per share in Q2 last year. If weak relative to last 3 Qs, then they could bang down 12 cents next Q and that would be "weak" relative to recent trend, but still 100% EPS growth Q over Q.
It really stinks that these guys are so casual with their press releases, and don't communicate via a conference call. Shareholders paid the price today for stupidity in the executive suite at WSCI.