General, I know the biggest curse NewMK and I had during the internet boom was we read the financials. Having financial training was a curse.
It reminds me of a reprint of a letter to an editor from a smaller money manager. The manager publicly was apologizing to his friends and family for selling too soon in the bull market. He said he felt stupid and thought a public disclosure of his stupidity was ease his pain. The letter was dated April, 1929.
"As far as my mind, remember 2001 A Space Odyssey? I feel like HAL more and more. Daisy...Daisy........."
Yes, I certainly do and can relate!!
I hope the family is well. I need you on some of my distressed stuff!! When you get bored of what you're doing call me. I actually am filing for Directorship on one company I'm involved with. I'd give you the name but I don't everyone shorting it because of my involvement..:-)
It seems people are reacting negatively to the earnings report showing lower profits. However that was due mainly to an income tax issue. Revenues rose nicely. This company seems to be in great shape and is poised for strong growth.
I agree, some sellers today may not be comparing apples to apples, and have missed, or mis-read, the comments below (from the Q1 Results). In reality, I think the earning are terrific - before, or after, taxes. IMO
The Company estimates that net income available to common stockholders for the first quarter of 2003, adjusted for an income tax provision using an estimated combined federal and state effective tax rate of 40% (the rate currently being utilized for 2004) would have been $8.2 million, or $0.26 per diluted share. The first quarter earnings per diluted share for 2004 represents a 42% increase over estimated first quarter 2003 earnings per diluted share on an as-taxed basis.