RE:RE:RE:One day and people turn on the stockI feel like i should apply for the spreadsheet position!
Liked2Think wrote: No it didnt
what happened is that they needed a good news push after Q2 was released. He guesstimated they had made 1M in the 6 weeks. Likely what was calculated was over 2M for the quarter so saying 1M in the first 6 weeks was a no brainer.
They didnt know though. Look at the problems they have had with reporting in the past. I think they need to hire a guy that can do a spreadsheet and track things. Pretty easy to do all you need to know is how many tests they have done for a base.
They screwed up that estimate though and they discovered it late into the reporting game.
To this day I wonder if internally they could tell how many tests they did last monday. Its a high quality lab. Really they should know how many tests they completed in real time or at least within a day.
Say what you will but they screwed the pooch on that 1M estimate.
To think if they had sai 500K instead of 1M. We would had looked like we doubled it in the last 6 months. Thats how close this was to being a great day. Some in the company needs to be trained in estimating.