Down over 5% after It's revenue up 9% from a year earlier
(when excluding revenues from the divested Advertising Solutions business unit) & its EPS is up an 8.5 percent. from a year ago. Additionally, the 2013 outlook indicates solid revenue gains, EPS growth in the upper-single digits with continuing free cash flow strength. Finally, add the 4.7% dividend (increase coming), the buyback of shares, and the fact that insiders are adding shares.
@JV. & Teal. This sort of thing has happened before. It will happen again. You both make excellent points, yet free-fall occurred. So the report had some minor shortages. Profit taking was due as well. I say take it in stride.
Recovery will take place once things settle down. Most likely sooner than later. Patient long term owners will continue collecting a nice dividend. By the next report, today will be a distant memory. For those that are worried about today's slide...sell. I'm here for the long haul and have no intention to panic sell as Wilkie suggested. This is only temporary folks.
The stock market is irrational on a day to day basis and functions mostly on the "casino principle." Those calling its shots are scabs. Therefore, buy fairly valued stocks for their dividends alone, and ignore the daily price action.
The market does not make sense, and hasn't for years. With all the huge trading going on by fund managers, it's hard for the average investor to make sense of anything in the market. I just hold on to the shares I have, get the dividends, and don't much care what the price is on any given day.