RE:RE:Hedging and Quarterly earningsI think a more accurate statement is that management has shown their "lack of" global experience.
The pumpers on this site can not reputiate this fact: GBP FX issues will not be favorable in Q1.
It was surprising no one started laughing after that statement Kreppner made Revenues don't equal expenses unless your net income is zero. And AMCo's revenues are mostly in pounds. But Kreppner is not very good with numbers and never has been.
Michael are you a daytrader? (Just asking)
MichaelSilvia1 wrote: Perhaps they didn't consider it to be such an issue. Currency prices are hard to predict, and they are focused on running a global business.
The conference call spooked people apparently, but the bottom line is that the company is making a ton of money, and the acquisitions have proven to be fruitful.
Air Canada is an extreme example of a conference call gone bad. I was telling people that $7.30 was a buying opportunity, and getting bashed by people saying it was going to $6 or something.
Teck reported bad results for 2015. The stock dropped below $5 after earnings. Then it rallied the next day, when people realized it was actually good.
The market will eventually realize that Concordia makes money, and the short covering will be beautiful.
ohwhatanight wrote: If CXR made a decision not to hedge their british pound exposure thats fine. They just had to do a better job of selling that in confernence call. They seeemed completely not prepared to deal with such a simple question.
All that aside we should have first quarter earnings in only seven weeks. Second week of May. Debt repayment and earnings that signify meeting their projections should set us on our way!! GLTA