Anyone know what "stuffing the channels" mean? That is why this stock jumped to 20 bucks.
"Some key markets such as Japan and the Middle East continued to suffer from a process of adjustment and running down of levels of inventory and merchandise flows." Translation: "Stuffing the channels" to make it look like the company is doing better than they really are. The side effects...must wait for the channels to drain inventory or pull inventory back.
Don't expect anything from this company for quite some time. Trend is straight down. Yeouch. Look at the chart. Under 15 takes this down to 10 now. HIgh risk under 15 in my opinion. Down 60Pct says it all.