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"The AH move will be confirmed tomorrow morning. I'm long, but this ER was crap. Totally rethinking my investment. This company is sinking.."Can you elaborate on what changed in a negative way since their last report upon which to base your opinion? IMHO, nothing of consequence changed.
Guiding lower by up to 40% next quarter. Revenues were light, sales are down for women's apparel. More stores closing into 2013. With a run up into earnings I was hoping for something positive!
Margins are up. Cotton prices are down. SG&A should go down. They came in at the low end of their loss guidance, and you're assuming they will come in at the high end of their loss guidance for next quarter, presumably because you're short.
Sorry, 30% lower on guidance. Not 40%..