I have a question for any of you that have an opinion or can make a guess: on the 12th, the company made an earnings downgrade. On the 22nd, the company made an ANN of a material contract of $140m, which is greater than its market cap. The company said this did not change guidance. So, my question is, how can this contract not change guidance? Will a $140m contract cost $140m to implement, so it is earnings neutral? Did the company take this contract into account even though it was announced 12 days after the guidance ANN? What are people's thoughts, please?
CGH Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
