Another big oops I thought was on the conf call. I didnt like that they knew one of Liberty's biggest customers were cutting back on inventory but they DIDNT know it was going to be as big of a cut. Makes me think either Liberty lied to CODI or CODI didnt do its DD as good as they thought.
On the bright side, I liked that they were looking for new acqs in the comming qtrs and all their people are busy. And beating on revs is never a bad thing, especially in a tough economy.