FWIW, I expect a good day for SW tomorrowLooking around at other companies which have missed street estimates and/or lowered guidance, I can't really see why the market lopped off more than 50% of SW's share price in the last five trading sessions - even with the decline in the NASDAQ. Given today's market and how other companies are faring, SW looks pretty good this QTR and going forward.
It's my considered opinion that SW chose to issue this release today in order to halt any further slide in its share price under $20.00 Canadian.
Then, too, the selling through Greenline on the TSE (almost 625,000 shares in the prior four trading sessions) stopped today: Greenline was the largest net buyer.
We shall see in the morning. I'll be tuning into the conference call before drawing any final conclusions, but as things stand now, today's release IMHO should bring about a rally in share price. How much of one depends on the NASDAQ and the day-traders.
Best regards.