Generally management keep some buffer for contingency when providing a guidance in May for Jun result. However, if its a profit downgrade from the update in May then looks like it is pretty bad. If this is a further downgrade from May guidance, clearly it means management has run out of options and can't even reasonably forecast two months in advance. I would expect a full shake up of management and new leadership to fix the mess.
BWX Price at posting:
$1.17 Sentiment: Sell Disclosure: Not Held
