Paul,
I am still baffled by the complete evaporation of CELL's prospects for the year (though the tale of the tape suggested something was afoot). The company has now burned every analyst covering it and that won't be mended overnight, as evidenced by various comments questioning the viability of their business model, etc. Champ to chump in one fell swoop.
As far as CLST goes, the wags there have been giving extremely strong forward guidance. I hope they deliver. If they do, and if their Asian performance is strong, things might look pretty good and offset some of the negativism about the distribution sector resulting from CELL's negative comments. And a good quarter from CLST will tend to cast CELL in an unfavorable light, the reverse of last summer/fall. Bottom line, Brazil, etc. etc. sound like excuses for really sloppy execution. The emergence of CLST as the can-do guys can't be good for CELL anytime soon.
There is really, really, really (really) no need to rush into this one with the market at an all time high and CELL giving up on the year, in my opinion (usually wrong!).
Regards,
JG |
