HHS I agree in that I thought the quarter, after restructure was about where I thought they'd hit, and if you wanna ex out stock based comp, than I guess better. The negative .06/share earnings estimate was out there. And I would guess next quarter will be similar, maybe a bit better. Of course the remaining qtrs of '24 will be littered with restructure expenses as expected. And you have the one time pension sale hit coming up... but I actually like that move.
So for me, its really a bet on management and their ability to turn things around.. how much an investor believes in them. Will they actually hit the restructuring benefits as much as they say.. its a huge number. And than while these efforts will lead to reduced costs, are there also increased expenses (non-one time restructure) that will reduce the effects of the restructure? Good news is the estimated savings are so huge, even if it nets at 2/3 of their estimates it would be a big positive.
Anyway, in the call they seem super optimistic about their efforts to both drive up sales while reducing expenses .. in theory the first small wave of those benefits hit in q3, followed by bigger waves. I guess one has to determine what percent of their optimism and guide is real and what percent (if any) is puffery.
I own a small position, maybe one percent. I mean for me thats not teeny since I own around 80.
btw, what did you think of CRNT's report? It was basically where I expected.
