Margin Calls
Hedge fund calls created this scenario where a company loses 50 % valuation based on a revised estimate. The earnings were a miss by a few cents but the 2016 guidance even though down by 12 % shouldn't create such a huge panic to lose 50 % ..This is a crazy situation. It has wiped out billions from hedge funds today. The CEO should be fired immediately market has no respect for this Moron. Stock should improve once he gets his walking papers. Takeover is imminent here as the portfolio is still too good at 4 * earnings after this capitulation. Stock is cheap but don't know where the bottom is ...