FRANK,
I agree with you about not purchasing before bad earnings. I waited on AMD for bad earnings and saved a couple hundred bucks watching it slide.
On the other hand, what is bad earnings, where are the earnings warnings, don't you feel if things were bad they would feel obliged to have taken the hit sooner, refer to INTL.
I'm betting that they've turned the corner. Mkts react instantaneously, but more often than not ignorantly, to news.
Witness the co that came up with the supposed cancer cure, up a ton in one day. How many people do you suppose read that the same drug that cures the disease kills the kidney's (hence the patient).
Also, I agree with you the stock is not justified on recent financials. The previous numbers suck, but change the model, change the focus, change the marketing, and you've got a whole new business.
Anyway, you might be right, my numbers/contacts suggest earnings will not disappoint.
Good luck. |
