RE:RE:Earnings
ZZZ down 14%, such an extreme overreaction. The company had total extra costs of $1.7M in Q3 related to a new DC and head office in Toronto and Bloom launch. Strip this out and you get 66c, a perfectly in-line quarter!
That's the problem for a company like ZZZ that beats Street estimates several quarters in a row, it drives such high expectations going forward. Any sniff of a miss and the stock collapses. This volatility creates major buying opportunities though so I can't complain too much!