Results were reasonably good, I thought, even tho the market reacted negatively. Sales were down slightly, but the company explained this was mostly due to fx, also fewer shipping days in the Q and the disposition of a product line. Considering how small CMCO is, I doubt the analysts estimates reflected these items. Margin up slightly, even after increased amortization of the underfunded pension expense from AOCI to income.
I bought a few more shares today, hoping for a bounce after people thought about the results. Unfortunately, with AAPL's results tonight, I think the entire market will be down tomorrow and CMCO will be cheaper.