Sunday, March 09, 2008 9:03:35 PM
This is not true all of the time. Earnings surprises, both neg and pos often cause a drastic gap in s.p. In the case of nnri, there may be a degree of scepticism at this point that is causing even moderate earnings to not be priced in already. Many are likely wondering if the entire company is a scam with no earnings at all. That perception, even if false would surely have an effect upon s.p.
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