Thread:
With all due respect to all the participants here, as well as with deep appreciation for mgmt's technical and operating brilliance, we do have some indisputable facts to contend with, do we not?
To wit:
1. Mgmt knew earnings would blow away all forecasts.
2. Earnings release date was moved up.
3. Earnings were released.
4. Street was blown away.
5. Stock didn't move up 20+ points on the news like it did
last quarter (by more than double that amount).
6. The Q to be added to the S&P today.
7. Price to funds was a function of closing price today.
8. Price today was not $180, but rather $156+ at the close.
9. Mgmt subsequently increased offer by ~50% after the close.
Are we all in agreement on the above, Class? Good.
Now, does anyone here think that Drs. J & V, having foreknowledge, knowledge, dominion or control of items 1,2,3,4,6 and 7, above, anticipated or planned for the occurrence of items 5, 8 and 9?
Does anyone here think that they said "Yes, let's do 1-4, 6 & 7, so that we can end up experiencing 5, 8 and 9"?
Does anybody here think that late this afternoon Drs. J & V said "Aw what the hell, the pricing is so good, let's increase the offering by 50% just for shitz and giggles."?
Ladies and gentlemen of the Thread. I submit to you that this was a botched mission. The Street Sharks, who don't know radio spectrum from their own rectum, snookered our guys. Plain and simple. Real live game theory in action.
Morgan |
