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CPTMatt

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CPTMatt

Re: None

Monday, 05/26/2008 9:55:41 AM

Monday, May 26, 2008 9:55:41 AM

Post# of 5071
Anyone else disappointed by Q1 earnings?

The troubling thing for me is the erosion of the gross margin. They've got a few things working against them like the fact that they've run out of carryforwards to offset taxes.

Another thing is the tough comps they've got going forward against the last two quarters of 2007.

If the Honeywell stuff sells good and has a substantially higher margin they ought to be able to pull it off.

I'm on the sidelines (been here for months now)

Watch prior to Nov 4th


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