RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: which is rOn the topic of guidance, they are currently providing some guidance to the banks. Given that they have to do the analysis anyway, and given that shareholders are asking why they aren't getting the same level of information that the banks are, I suspect guidance may return sooner rather than later. That would definitely help matters I think.
I think the $2.9 write-down was deliberately announced ahead of financials so that investors could digest that news separately. Hopefully they've given us the bad news first and are saving a few brighter spots for tomorrow. I don't think there will be any nasty surprises this go round. The stock price is factoring in all kinds of doomsday scenarios. Some convincing numbers/presentations that dispel rumours of bankruptcy, lay out the debt reduction strategy, reaffirm the pref share dividends and reaffirm expected revenue/adjusted earnings should help the stock price.
There is a much smaller short position this time compared to the last two rounds of financial reporting. I think that fact alone should ease the manipulation of the SP a bit. I'm not expecting stellar results or big upside surprises tomorrow. However, I am expecting that the company should have be able to present a pretty convincing case that there is a viable path to recovery and that progress is being made.
We shall soon see.
Mark