Information about shrinking margins has to be released at some point, but this was a totally inappropriate way to do it. Shareholders were completely blindsided. This information should have been held back and mentioned during the next earning release/conference call when expectations for such news would exist and shareholders would have had an opportunity to hedge their positions. If you have bad news to report then cancel your appearance at this conference. I can't forgive management for such a blatant disregard for shareholders.
I agree. Started with pre earnings warning, then he reiterated their inventory at CC, now he drops the bomb at the Barclays conference where you would usually boast about your products, not break into a Liar Liar moment. I will join class action for the principle of getting my ounce of blood from this guy.
That's very true. Also look at those rating companies. The Canadian firm, Canaccord, I don't think they even have a office in USA, depressed the share price by more than 30% than US firms. Media is not working properly.