GREY:ISYRF - Post by User
Comment by
esprit1on Mar 15, 2019 1:25pm
89 Views
Post# 29492108
RE:Earnings Thoughts After Sleep
RE:Earnings Thoughts After Sleep
Good point Humppyus. It would seem to me that a 1.1 million dollar write down is a materially significant event. The NR that gave advance notice of a solid Q4 should have said something in it. Clearly the decision was made to withhold it until the CC. Based on loss of market cap, that doesn't look like it was the best strategy. One thing remains painfully consistent. ITC continually snatches defeat from the jaws of victory. While it may not have made any difference, they could have issued a Jan NR stating they were going to take a writedown on Stream, and taken the hit then, and it would be done with. Then report Q4 results as they did - and trumpet the big results. As it stands it really took the polish of the apple.