>>Oh my! Such handwringing. These are the times that try mens souls (and - of course - certain womens).<<
Stan -
I'll take that post to heart, partially. I was dismayed at missed estimate, since I didn't expect it.
And, in fact, I said I thought KE was being less than honest re: the Asian influence on the earnings shortfall.
This brings me to the third thing I (re)learned today: Don't react until you have all the facts.
I just listened very carefully to the conference call, and I feel a lot better.
Most specifically, I did not feel the KE was hedging or holding out. He said that Asia did cost them some money, since some orders were deferred, but that the bigger problem was "not getting products out the back door." By that, he was referring to new products, specifically, Jaz2, Buz, and DittoMax Pro.
I'll catch up before I say more, but right now I will say that I'm staying long for at least another two quarters.
- Allen |
