RE:RE:More CommentsMore perspective. GLTA
It has gone from $7 to a little over $4 as I write this. Was the report that bad? Also do you think that report by Murray Wealth Group (which said they will miss earnings on the high side) looks to be correct? Is this a miss on the high side? CTS actually beat earnings by 24%, but missed slightly on revenue. Investors don't like the sales miss, and it looks like we have some 'throw in the towel' selling. At 10X earnings now, we think this is more a sector reaction as much as anything else. It has been a horrible seven days for tech, with last week the worst since January.