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Comtech Telecommunications Corp. Message Board

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  • Eggplant101 Eggplant101 Jun 8, 2011 8:09 PM Flag

    ouch, huge miss and lowered

    Yeah, I read the CC transcript -- looks like Fred is sort of stumbling on this one; really murky guidance. The big takeaway for me was they will "try" to make $75m of EBITDA in FY12, which, i guess, means they might make $65m instead. And what, half that will come from MTS/BFT-1 programs that go away soon? If Fred were smart, he would not go out and buy a new business, and just wait a little while and start buying back CMTL stock < $20. What am I missing?

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