Are you kidding. These things happen in foreign markets. The offset is the increased margin for lower input costs etc. This is a small hiccup, being < 5% of Net 363M. A newbie CFO with no business continuity would be the greater problem.
These guys have a strong balance sheet in a decent market.
I am not married to these guys, but I expect to make some coin at this level.
I agree. CFO should be replaced.
How can such a significant difference
exist in the reports?
We expect highly paid officers to
do high-quality work.
The difference in the accounting should
come from his past and current bonus check.
Someone was sleeping in that internal
audit committee this past year. Those
sleepers should be replaced too.
as companies grow and expand into new areas of the world these kind of mistakes happen.
it is a small mistake and changes nothing.
the stock would go back to 27-33 rabge rather quickly.
personaly, I do not think this stock worth even 15$ but as markets value almost ALL stocks at 2-3 times their real value these days IT IS TIME TO MAKE MONEY!!!