If this is just a big mistake and the statements are just fine. I know hard to believe that this is just Big Boys playing and getting in a spat and firing off 8-Ks and SEC documents because Management does not play well with others.
I sort of think this is like Lord Steinburg was the playground monitor and when he died, the boys starting taunting each other and pulling the little girls pigtails. Oh well. sad to say but likely a good analogy
So then if the financials are okay, lets say, and now the issue is incompetence of management. I think the incompetence factor has already been priced in, but also priced in is getting a new team on board (Full Board, CFO, CBO and new CEO). So in my mind further PPS erosion could happen if the basic management issues are not resolved. How much, is anyone's guess, but without a Great CC on Thursday, the stampede to sell from just an I AM OUTTA HERE syndrome will be at least 20%. If basic business model is intact and EPS guidance for 2010 is given with credibility then likely to dip and then recover based on performance. Silence for these oh so many months puts EGMI in a similiar Situation as Tiger Woods, Saying your sorry is not enough, actions will over the balance of 2010 and results will be the true contrition needed.
AI
