Was not a case of missing guidance as much as it is guiding lower than some analyst's expectations. Expectations were around $15m and they are guiding $13m. There is also that comment about a softer income from residential formwork hire but they have amply covered that with their comment about increases in the larger commercial hiring. These days that is enough to cause a severe dumping. For those who are more sensible IMO it becomes a good LT buy.
ACF Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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