Don't most companies preannounce a 2 for 1 split? (very sarcastic tone!).
I'm not sure about when to average down, if at all. I can imagine that this will taint CELL for quite some time because it's pretty much a full scale breakdown by the company. I liken it to a used car when parts start failing. In this case, we lost our brakes, our transmission, our steering, the alternator and who knows what else. It seems like the underlying US business remains solid, but NO PROFITS in Q1? Come on, they should have seen at least some of this coming. And like briefing said, there's no visibility as to when these problems will subside and how the company plans to turn things around.
Is it me, or did we just do a flip-flop with CLST? Long, holding, and glad I took some profits when we were up at $18 (still down though now.)
Grabs |
