Although I am reasonably confident that the present markdown of the share price was due to a lack of guidance about projected cash earnings in the last quarterly report i am not one who believes such predictions should be made by management if there is insufficient reliable information available upon which those projections may be made.
Management credibility is more important to me than wish full thinking.
Apple under Steve Jobs was a useful model to follow.
They always under stated and over delivered.
I am in no rush as long as at the end of the day the company is successful.
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