IBI Group Inc T.IBG.DB.E

RE: What happened

[tesh]

I hate to say it but a 3rd qtr in a row where management has to provide an explanation as to why the results are not as expected after blowing guidance in the prior 2 qtrs is tough for the market to accept. I'm not saying it's justified given the logic of the impact of having 2 less working days in the qtr I'm just saying this is what can happen when management's credibility is in question. I hope this is is a temporary over reaction and that it recovers in coming days however don't be surprised if it doesn't. I believe that it is going to take good actual quarterly results that need no adjusting explanation (and maybe more than one qtr) to put this stock back on the right track.  For those of you who truly believe in the long run quality of this company this is an unbelievable buying opportunity.