Not exactly, in early April CEO made comments(which I have posted that ALA has poor visibility
in submarine.
On April CC they said that if 360Network will postpone 1 billion project, then ALA will see
material impact on 2001, and finally few weeks ago when 360 has postponed project
it was a matter of time when adjustment will be made, ,right ?
So, warning(from 5-15% growth, to just few % growth) is not surprise for me .
The silver underlining is that I can buy back those shares sold in late August.
ALA will be soon 25% smaller, with over 2 billion extra in the bank, from income from operation(100 million in Q2 and several in Q3 and Q4 per CC), and 1.7B from savings and sales of assets, and only high growth products.
Since they have non cash charge of 3B, on paperthey will not pay taxes this year.
ZO |
