RE:RE:RE:RE:RE:RE:Shorts Have 5 Trading Sessions to CoverI agree with Puma1 on this. The guidance should be without external factors. We're assessing management's ability to run the business at the end of the day. If they hit their guidance and the FX is lower, thats OK because management can do what they say they can do. If however they guide down because of management related issues, then there is issues with the underlying business.
wordless wrote: We can agree to disagree. When they say that their published translated results are being lowered due to FX translation. That in my mind = lower guidance. They guide for EPS or EBITDA or Sales of XXX and they say actual results will be XXX - 1 due to FX issues. That is lowered guidance. Maybe they meet their sales targets etc. but translated financial results are what will determine their ability to pay off all the debt at the the edd of the day.
puma1 wrote: that is not a change in guidance, it is a change in the FX translated results. Guidance should be benchmarked against what they set a year ago as the Sales at that time based on that FX rate.