Looks like PCMI might trade lower. And after reading thru the PR again, I believe it deserves to. Great guidance for 2018. But there's just no reason to trust it. They guided for adjusted Q4 earnings of .55-.61/share. They just reported adjusted Q4 earnings of .17/share. Ouch! No warning at all. They let shareholders buy for weeks when they knew Q4 sucked. And that's their third miss in a row. PCMI management seems woefully incompetent. Why not lower the bar so you can beat the numbers?? Three disappointing quarters in a row and they still haven't learned that lesson. Interesting that after they bought back a ton of shares at $13+ during Q3, they barely bought any back in Q4.
PCMI I'm guessing we don't see a sell-off. Only 3 weeks left in the first quarter and they sound quite optimistic about the year as a whole. Figure they cleaned house this quarter on anything questionable so they can start the new year clean. Holding and looking for $15 sometime this year. However there certainly is a big trust issue! IMHO
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