You guys are hilarious. FIrst I am corrected because it apparently did not miss expecations. Now it apparently did.
If you read my original post above I said/inferred exactly that:
"earnings missed expectations a bit....they just have to rein costs in a bit - that were obviously blown up with headcount additions - and at these revenue growth levels, they will quickly move to being cash positive and be able to pay (or roll) forthcoming maturing debt liabilities. CR fears starkly overdone."
This move is ridiculous for the results. Sure, they didn't report positive cash or earnings (which if you've read PNV threads for the last four or five months, most were expecting/hoping - and this stock remains predominantly retail held), but they missed both marginally, because they aggressively expanded head count to continue the revenue expansion.
"some of the people some of the time....."
PNV Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
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