Earnings - I agree with Pat, the company has no choice but to keep quiet. The very last thing we need is another Q that is missed either by whisper # or the actual #. In this case short term pain must be paid regardless of the price.
Glenn, one of managements top priorities (if not THE top priority) is increasing shareholder value. Given we are only 9 days from quarter's end, the company should already know whether the quarter will meet expectations; if they are going to meet. If there was comfort already, they should act proactively NOW, to stop the slide in the stock price, by pre-announcing positively. I can only conclude, that at this late date, the quarter is not "in the bag". A quarter not already made, just 9 days from the close, is a very high risk proposition for the shareholders, no matter how you or Pat slices it. This is what the market is saying right now. As soon as the company is sure of the quarter, it should pre-announce results. Hopefully, this will be a positive pre-announce. The further the stock slides, the more difficult the re-trace to even last quarter's levels will be. Wouldn't it be pathetic if the company has another good quarter, and subsequently the stock rises 30%, back to 26 level...
Gary |
