lf, PCMI, I'm SMH (shakin' my head) as well. Almost every poster on this board who was long PCMI going into earnings had stated that they expected earnings to stink based on the collapse of PCMI's shareprice, and thus were solely holding based on the hope that guidance would be strong....just look at the posts.
And then, thats exactly what happened, earnings were very poor as expected, but guidance both short and long term were much stronger than expected...
....and now some are feigning discontent that earnings were weak, and thus PCMI cant be trusted? I mean, again, we all knew earning would be weak, so why the sudden surprise?
I actually thought earnings would be much worse, or even worse, that guidance would be poor.
Now I dont know if the stock will go up or down....it made a nice move off seven bucks and I dont begrudge anyone from selling (I actually sold some trading shares afterhours yesterday), but it seems to me we got just about as good as we could expect; and if things work out than PCMI is very undervalued and could move up towards $16+ later this year. All the while knowing their are risks.....as I stated in an earlier post, A/R and Inventories are poor, and PCMI has missed three quarters...but the share price is at $8, a backward p/e of 6.5 and a forward p/e of 3.9 given guidance for '18, so its not like crap isnt reflected in the share price already.
best.