From my experience with BDR (i know that its nothing like SGH) but the scenario is very very similar, the CEO reconfirmed guidance twice then 2 weeks after the last reconfirmation he withdraws guidance.. We were all worried that guidance would be cut by 50%... he ended up lowering it by 15-30% i was extremely pissed off as the sharepriced continued to drop...
A year later when the financials came out they ended up missing it by 25%. I think something like this will happen to SGH, meaning EBIT will be 140-150mil..
Im usually really good with guess work, so feel free to quote me on monday.
SGH Price at posting:
83.0¢ Sentiment: None Disclosure: Held