DWCraig -
You're right about the R&D situation. The problem we have is that PAIR (as Jay likes to say) is a straight shooter. They don't "play" with their numbers to meet or beat an estimate. What it is, it is. Unfortunately, we as shareholders, are being punished. Look at Disney, I've seen articles in The Wall Street Journal, Barrons, and others talking about their "Mickey Mouse" accounting. Maybe DIS goes down the next day 1-2%, but then it continues to climb.
PAIR reports the numbers, as they are, and (IMO) presents a good future outlook, and we get punished severely. If they "fudged" a little and we came in at 18 cents, with the same conference call, where would we be?
Frustrated Bobby G |
