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Re: Trueheart post# 877

Thursday, 04/28/2011 10:57:01 AM

Thursday, April 28, 2011 10:57:01 AM

Post# of 1039
Interesting reaction to call. It wasn't nearly as bad as today's reaction so I'm waiving the "first loss best loss" rule lol. They basically softly reinforced the 15% C11 growth objective (as opposed to guidance). The guidance for Q2 seemed to be consistent with their earlier statements while below street. Biggest issue was the compression of margins due to pricing to me. Not a good sign for a higher growth tech company and suggests the analysts 5 yr secular growth rate of around 17% is too high. Fwd PE seems reasonable around $38-40 so I'm looking for a bounce to that level after the sell off is over.
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