Shamir Optical Industry (SHMR)

[swampboots]

SHMR Guidance is lowered by about 10% but share price reflects these considerations:
"Shamir Optical Industry Guides Below Estimates
Tuesday, February 28, 2006 4:14:19 PM ET
View: Complete Article | Historical Guidance
Shamir Optical Industry (SHMR) said it expects 2006 non-GAAP net income of $10.3 million to $11.2 million, or earnings of approximately $0.62 to $0.68 per share on revenue of $91.0 million to $96.0 million. The current consensus earnings estimate is $0.73 per share on revenue of $99.5 million for the year ending December 31, 2006."


I wish to accumulate near $9 as I think build out will soon exceed estimates and currency fluctuations favor the Euro, besides the sector is excellent for defensive positioning
should there be a general economic decline.