RE:RE:RE:RE:RE:RE:Hedging and Quarterly earningsLet me get it started without much research. Say $400M in sales from GB and 5% loss from forex issues. That is $20M loss from a total revenue of $1B. Remind me again how this is significant enough to drop the SP 10-20%?
sunshine7 wrote:
ok. Seems there are a few smart people here to put some numbers to the issue. USD vs bp is off by 7% but euro is up vs USD by a bit less. Now euro is up vs bp by 10% this quarter. There, sharpen your pencils and come up with some numbers if you can:)