Earlie, when they report "the truth" (loss of .23 and .05 miss) while avoiding "THE TRUTH" (back out the one-time charge and it's a loss of .41 and .23 miss) altogether, they're not doing their viewers any favors.
Somewhere out there, someone who's not as familiar w/ the stock as us probably looked at their coverage, which IMHO gave a patently inaccurate and false impression that all the big guns chomping at the bit to trade this sucker were going to interpret it as a .05 miss not a .23 cent miss, and might've bought the thing. Right now, they're probably not happy.
I'm not suggesting they all become little Michael Metz's (heaven help us), but look, they have a responsibility to present their viewers with the most complete and accurate coverage possible. Sometimes that means whacking them upside the head with the reality stick. The number was not good. Be ready to deal with it. Failing to factor in the one-time charge is incomplete and inaccurate.
Is that what TV news has come to? They're afraid to present negative news as negative news, lest they lose viewers?
I wish there was a better alternative, but I haven't found it.
Maybe someone needs to start one <g>
Good trading,
Tom |
