I may be a fool , but made 15,000 K on esi over the past 2 weeks , my guess is your not doing quite so well today ...could care less about accurancy/grammer/or spelling on yahoo chat boards ty very much
what's wrong with boosting your eps by buying back stock???? the stock is so bloody cheap and esi is generating tons of cash, so why not take advantage of the low price. as far as existing shareholders are concerned, not all that important how eps goes up.
I think the key is that people were expecting much worse than what was reported. Seems that someone calling himself valuehunter would appreciate the value in a stock trading at under 8 P/E (even given their low end EPS estimate of $8.5 for 2011).
Anyway, let's see what the conference call in 15 minutes does to the stock price.
Tough to decipher value here when their whole business model could be changed in a couple of months. All metrics aside from EPS and revs were worse than expectations - and the only reason for the EPS beat was the buyback. Just too much uncertainly here. P/E means nothings when you cant figure out what the real E is.