Yes it is. Net income next year will be lower than 2013. Revenues and earnings are both declining. They were not declining in 2013.
Stock is trading at 57.50. Earnings next year will be $4.00. Earnings the year after will be lower. Based on next years earnings the PE is 14.4. Not cheap for a stock with declining earnings and revenues.
Just got back from a business trip to Austin. Didn't visit Hippie Hollow.
100M customers per week or 200B? I see you are investing based on data that is 5 years old
EPS of $4.00 next year and current share price is 60. 15X forward earnings with earnings declining double digits.
This is not a surprise. Doug said in February they would be raising wages to $9 per share and it would cost in excess of 1B. He also said they would be raising wages to $10 next year. Did you think that would have no impact? I have been saying for months the impact next year would be greater. I was optimistic and thought EPS for next year would be in the 4.25 range. Looks like they will be closer to 4.00. Not sure how you and all the analysts missed this. If you cannot do the math you should not be investing in individual stocks.
Shorts? That's funny. Over 50% of outstanding shares are owned by insiders. Very few shares short as a percentage of float.
They lowered guidance by 20% lower than what analysts were expecting for next year and over 30% the year after and you think buying back 10% of the stock will result in a 20% move upward?