Art, Gregg, Clark, Jim F, Valueman, others,
while we were all having fun at WSJ's expense yesterday, I think not enough attention was paid to this press release.
biz.yahoo.com
First, I don't know is this is a response to WSJ or is it just a coincidence. I suspect the latter because I don't remember QC ever doing something like that before. May be this is the difference in style between White and Sulpizio.
Second, if anyone is still investing in QC because of Korea, then I suggest selling immediately. Not that Korea is not important but that was part of QC's past and matured business, not the future strong growth sector.
Finally, my take on yesterday's press release is not meeting or beating analysts expectations, which I got at $.53 at the moment per Zacks, but it sounds like they are having a much stronger qtr than last qtr. We all (most of us) know what type of qtr QC had and what was their proforma number. Only half way into the qtr, for them to sound so confident is extremely out of character. When I reread the article this morning, horns started growing out of this little chicken's head. I can't help but conclude that there must be some giggling employees at QC right now, those with bonuses and commission checks coming.
Ramsey |
