Fool me once, twice, 3,4,5 and now 6 times in a row. That's 6 quarters in a row the analysts have either overestimated the loss or underestimated the gain. To make things worse their estimates have been getting steadily worse. Last quarter they were off 200%, this quarter they are off by 300% if you calculate it the way Yahoo does.
Frankly I'm beginning to believe that these guys are so slow we would have a better chance of training a snail to tap dance than to get these guys to recognize "promise less and deliver more" as the mantra of the "New AMD".
Ok, I'm being a little tough on the guys. Their not all idiots so there must be another explanation for them not even hitting the target much less the bulls eye.
These guys have to go by what management tells them, and as long as AMD insists on underestimating they will underestimate. There may have been good reasons to keep INTC in the dark as much as possible, but really how much benefit is there left in underestimating earnings. Until the analysts raise their estimates there will be no upgrades, and us long suffering AMD faithful deserve a payday.
Personally, I don't need any more buying opportunities and I wouldn't object to AMD being a little more forthright with the analysts. I want this stock to the moon, and the sooner the better.
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