Euro Status Could Go Against Stars Performance for Q4Stars announced that it was revising Euro vs USD to 1.18. Until October 23rd, that looked like a very wise choice. Then Catalonians had all he*l break loose for stability in Europe and it dropped to 1.16. It would appear a fair assumption that top and bottom lines for the remainder of Q4 will be negatively affected by this chain of events. As of today, its still hovering at 1.16+. That's a 1.7% negative effect on Stars performance for over 2 of the 3 months in the last quarter.
It will be interesting to see how they address this in the earnings call...