man, just when i thought jcom was out of the gutter, we get thrown back in. i haven't posted anything in a long time, but i've been keeping up, as i still have an ass load of shares, which just got reemed today.
i understand all the implications of the news and the whole tax issues when it comes directly to JCOM itself. however, what i do not understand, and what i have not been able to discern is, what kind of numbers are the analyst using? the numbers they are projecting $1.19 eps for 2004 - is this based on after tax, or before tax? it appears from reading press reports that analyst are aware of the tax implications that would hit in 2004, but nowhere do they state if the 1.19 estimates are for pre-tax basis. if this is after tax basis, then then 1.00-1.15 would be construed as a miss? if not, are they saying they thought the 1.19 was the estimate, while j2 was saying it would have been around 1.65? this would be a huge upside? which is it?