Double Down and reap triple profits up. I will be so arrogant as to predict the 4th Quarter will exceed expectations, based soley on guidance not taking into consideration the RECOVERY from the 2nd Greenspand Recession, and CONSUMER CONFIDENCE NUMBERS rising. Write offs for layoffs and building an new HQ in San Diego could cook the books to allow for a temporary SUCKER PUNCH lower guidance of lower Q4 earnings, but even that I arrogantly predict is going to be exceeded by the unexpected economic recovery, and I arrogantly predict that the temporary inventory glut just discovered in March they say, will totally disappear, and PALM again will have run ou of inventory by Christmas. They will simply not have enough product to sell, which is good, and bad, since they should be ramping up, not down. This management has not learned that you can not SAVE YOUR WAY OUT OF A RECESSION, you can only SPEND YOUR WAY OUT. Even Bezos knows this, Jeff did a fine job this week on the news shows, I see some hope for AMZN on the horizon, in December.
I am,
Truly your$,
-Crystal Ball |
