Yes, if the company starts missing guidance's they provide, the SP will tumble...but that's the same with every single other listed company in the world lol.
The only thing is...A2M hasn't missed any guidance's yet...let alone having increased them 3 times in the last 4 months. Your worries for the company are flattering but the management are not dumb and they know that missing guidance's will be detrimental for the company (especially for company with high PE as you emphasis so harshly) which is why management tend to be conservative with guidance figures. No management in the world increases their guidance 3 times in 4 months then come out at the end of it and say..."just kidding our actual earnings are only half of what we told you it was going to be".
So think about it buddy..if you were running the company, would you just give 1 guidance update and meet the figures keeping everyone happy and the SP stable or would you give 3 guidance updates and only produce a result that's half as good as what you told all your shareholders (leading to class actions, breaches of duties etc etc get sacked, get whacked a huge fine...goodbye life).
A2M Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
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