Hi, J. I didn't mean to ignore your question as to when the company said Asia was virtually no problem for them. It was back in January or so. I can't find the piece, but the stock was flirting with 7 at the time.
I made money w/varl in the 9 - 11 range several months ago and bear the stock, itself, no ill will. If I'm wrong about the news release back then describing very little Asian exposure, I apologize, but I expect others following here to remember, also.
Investors will punish this stock, J. It isn't just that they feel betrayed, but that the company is not enjoying the sequential growth that they require from their investments. In this case, they're saying that their growth is connected to Asia. Forget about it. If the Market is weak on Monday, it's into the 9's for sure, in my opinion.
I personally don't expect Japan to get real- ever. Asia will melt down before The Rising Sun listens to anyone but their gods. Here's a country that still blames the U.S. for WWII.
Greg |
