OK, but isn't that just the problem? A month from now, given no current price action with the better-than-expected report, not only is the news already discounted in the then current price, but it makes next quarter's earnings bogey harder to reach, or OTOH, less likely to favorably move market valuation if unchanged. But what the hey, that's why they pay these guys the big bucks; second-guessing at this early stage is probably a fools game. Since nobody else cares as much about this fool's $ as I do, I'm content to ponder a bit more. Hopefully there will be an opportunity for me to say, with wonder, awe, and pockets bulging, "My, my, ain't those boys pretty smart after all."
bob,
there is no surprise here.
rmbs cfo told us last quarter to expect some acceleration of some prepaid earnings.
rmbs has to follow accepted accounting guidelines...failing to account for earnings that should be counted, in this rmbs" end of fiscal year quarter, only invites irs problems later.
we will find out the details with the written report.
the rmbs staff has been magnificent to date...no need to second guess them here. jmho.
i do like your 120 prediction...after that i see 220 then 320...etc. see what you started?
unclewest |
