more like blowing another hole in the bottom. It's certainly a bellweather proxy for the consumer. Well run company but not immune to problems of the greater economy. 39c per share is a solid miss... let's just hope the news is baked, and the company steps up and aggressively buys back shares at this level. I would bet they'll hold and wait till it's even lower.
I think the earning miss is already baked into the price. It's just hard to tell whether or not it will tank or go up tomorrow. Max pain is $16 but I think it will go up tomorrow, just like SNDK. Good company with solid earning. The economy just drags in all sectors but I think LOGI will outperform others. I'm buying if it dips tomorrow.