RE:RE:RE:Yielding 8 %crocks31 wrote: I really have to question the logic of issuing guidance like this; what's the point? The message is so vague i have no idea what materially sopftening even means; is that 5%, 10% 20%? is it just for the enxt couple of months leading into christmas or is that all of next year?
So vague it's meaningless and can only lead to an overshoot to the low side as panic sets in. Why not just drop this on the earnings call where they could actually discuss it and add more colour to it then now leave this out there with investors playing hypotheticals for the next two weeks until the earnings call.
I don't see what the benefit was for either them or for us by doing the announcement with such little information in this way.
Yeah I agree. It is pretty standard for most businesses to see a drop on sales if a recession takes place. This is why we are in a bear market. They were also buying back shares all of JUly and all of August up until last week literally. Did this press release get discussed overnight? Strange. I guess we will find out Tuesday when they present at the BMO conference. I took a small position just now, not enough to hurt me. I'll wait until Tuesday to see if they provide more colour.