Boy, somewhat strange share price response earlier today.I...

Boy, somewhat strange share price response earlier today.

I didn't think it was that strange. I thought it was strange when the share price went back up later in the day.
For me the overriding influence is the outlook coloured by supply chain issues.
I realise that the western world leaders have listened to their leading scientists (the polls) and have decided to live with covid but as long as the Chinese continue to chase a zero covid strategy and lock down whole cities the moment they have an outbreak, I think it will be hard for those companies relying on Chinese imports to have a successful next six month.
I think GUD have done a great job under the circumstances as they almost always do but their projected result for 2022 suggests an EPS of about $0.62 or a P/E of 20 (when the SP is close to $13) and I think that is marginally high given the risk so, yeah, surprised that the price is closer to $13 than $12.
(Maybe the Chinese could learn from the much maligned Boris - according to all the photos, he's been learning to live with covid since...well since the outbreak started in February 2020).