RE:RE:RE:RE:RE:RE:RE:RE:What the market is sayingIt seems unreasonable to expect to meet pre-brexit guidance but they should have an unrealized FX profit on translation of long-term debt which does not affect cashflow obviously. In the short term revenues will be affected by the translation of UK money to US on the FSs even though they will be used to pay down UK money debts as a full trade-off. It seems not meeting guidance after Brexit was fully priced in when we went from over $30 to the low $20s??? Where is the sanity in the market on this? Shorts write the news in order to justify their manipulation of the SP forever lower. It is obvious to all except the market regulators like IIROC, the OSC and SEC. Contact IIROC to complain they do something.
Marwood wrote:
What about the great cashflow I keep hearing about? no better way to increase eps ;) They can be up there with the best of Q2 earnings, except the may still not meet expectation...