Chilling,
The word he used definately isn't the best and certainly not a professional sounding word, especially if that statement was prepared. I think a more professional and more clear substitute would be erratic and it would be more clear that the growth will not be consistent.
Taking what he said in context with the rest of his statement I am not sure how someone could see it differently. Maybe I hjust solved my own riddle.
Regardless, these are tough times to ride out for us longs. So long as they keep increasing their cash reserves, increasing sales and maintaining profit simultaneously, I think I have a winner in the long game.