on sept 9th syx already reported the 2004 restated results. the 10k filing will reflect those numbers and in my opinion should not change. it will just now be certified & official.
i would expect when the 2005 results come out that should be better than 2004 for the simple reason that by now europe should not be bleading to death. their goal for 2005 was to streamline europe & make them profitable.
the status of europe is going to make or break the stock price, not the auditors nonsense.
if europe is at least at break even levels syx eps for 2005 will be much higher than 2004.
this is what we should be discussing, what is the progress of operations this year?
I agree that this needed to happen and was bound to happen. It is in everyone's interest to start fresh.
Long term this was "the best news". Short term though, say next week, I am worried that all this talk will throw off any new investors who havent went through what most of us went through earlier this year. It was almost forgotten...
On another note, I'm assuming we want 2004 earnings to look better than expected! ? However if 2004 is low, and first 3 of 2005 is high, SYX will have a higher growth. Thoughts?