Don,
This is from Onsales January 19th Press Release:
''As a result of these supply constraints in excess computer products, we paid higher prices to secure available goods, leading to an expected margin of 8.5-9% for the fourth quarter,'' said Jerry Kaplan, Onsale's president and CEO. ''However, this was offset by lower than anticipated operating expenses due to tight cost controls and leveraging our infrastructure, resulting in an expected EPS loss in the range of $0.15-0.17 per share (both basic and diluted).''
I certainly would not expect any surprises. He already stated what the numbers were. I believe First Call estimates are for a $.16 loss, so they are in line.
On another side note, I have to agree with Apache as well. While things are not looking that great from what we have heard from the company, I also get the feeling that something is brewing. I bought back in myself today. Not a large position, but something I will hold for a while. The downside from here is a lot less than from the mid 50's.....:).
Brian H. |
