Mahler, yes, indeed, the contrarian parkendork lights are flashing big time right now.
And actually it would have seemed completely hollow for management to have stuck their heads in the sand and accentuated the positives. I listened to the conference call and my impression is that management is telling like it is, which is what you them to do. Do they have knowledge about this ahead? Perhaps, maybe about 75% into the quarter, but what difference would it make? You would have gotten a warning 3-4 weeks early, followed by more of the same disappointing news on the earnings release and this Q guidance, which believe it or not may have given the shorts even more ammo to knock MRV's stock price down.
And should we blame the MRV for the socialists in Europe, who are turning that part of the world into a 3rd world economy?