Thanks for sharing your views. Based on the market reaction (price down $1.24 as i write) it appears the overall market shares our sentiment. I agree that the earnings should support a price in the $13 - $15 range. Maybe I will buy more if the market sells off to the bottom of that range. But for now I guess I'll just hold what I've got.
After a lot of discourse, the company said that customer inventory needs are really behind the lower next quarter sales expectations and profit. This seems like a "one-off" and we should be back to a more normal sales and profit trend. This stock still has a very low p/e, good earnings, good balance sheet and is the industry leader, LOL
I agree with the general feeling of disappointment. The past quarter, it looks like sales and earnings grew a little, but only enough to offset the increased number of shares due to options awards. I am most disappointed with guidance for next quarter, though.
Well, its not like the PE didn't reflect these circumstances already.