nathanblack
Here is the nightmare scenario:
(1) Dec 31. PaperlinX has a bad first half, but convinces itself that things will improve as losses are all abnormals. SP falls.
(2) Jun 30. PaperlinX has a bad second half, but convinces itself that things will improve as losses are all abnormals. SP falls.
(3) Go to #1.
Probably sounds familiar as you've heard it many times over.