ANALyst "visibility" is 20/20 HINDsight. PALM "accounting loss" is a SUCKER PUNCH so it can AGAIN EXCEED lowered earnings estimates. Just Management Job Security ruse. PALM beat the street with 2 cents after estimates were lowered to 1 cents. They had been 3 cents. PALM CEO and CFO did not like the ANALysts returning estimates for the 4th Quarter to 3 cents, so they now are giving forward guidance lower to a 8 cents loss, which is an accounting gimmick, due to their accelerated WRITE OFFS for building their new San Diego HQ on hold and laying off 250 workers with the association costs of that. The CONSUMER CONFIDENCE NUMBERS are on the RISE, and that means that the March discovered inventory glut will be used up, and I predict PALM will again run out of enough product to sell by Christmas. PALM will easily BEAT THE STREET AGAIN. And ANALysts that don't dig and find the real numbers but just FOLLOW TOO CLOSE lowered estimates deserve the poor visibility that HINDsight will give them. The economy is recoverying and with it PALM. So the question is, SOME ONE IS BUYING 45 Million SHARES of PALM, WHO IS IT? At a P/E of 65 its Growth exceeds that even now, so its PEG is less than 1, that means its already way OVERSOLD. I will BUY AND HOLD to at least $50 now, because this is just too suspicious for even me, especially in the premier growith sector PALM dominates.
I am,
Truly your$,
-Crystal Ball |
