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Luchador

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Luchador

Re: Brother P post# 450

Tuesday, 11/07/2017 8:48:16 AM

Tuesday, November 07, 2017 8:48:16 AM

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This dropped because they released news that they had customers in 42 states and the price skyrocketed....

... and earnings were still roughly the same as last quarter. Yeah, the took care of all their debt, but their non GAP adjusted EPS was actually worse than last quarter (even though they outperformed the estimated EPS).

Basically, people overvalued it, and the earnings while being decent, were quite a letdown. It was over valued.
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