Post by
ryehigh2014 on Nov 07, 2016 7:19am
Out again
Getting out at the open - will wait until the sh~t storm has cleared.
Company missed TERRIBLY.
Comment by
Juice004 on Nov 07, 2016 7:51am
Most of the miss is related to currency translations and I'm glad they didn't have another large impairment loss. I think the impairment was 3M this quarter. Could have been worse but could have been a lot better too. Not a big day for traders today I feel.
Comment by
ryehigh2014 on Nov 07, 2016 8:04am
Be careful and manage risk. I sense a huge impairment is coming. I can't defend this company or these financial results. Their portfolio in NA declined by 10%. Lower margins in International. And too much uncertainty regarding their products and pricing. Im out for now GLTA