Stock is basically priced for no growth, or even a fall in...

Stock is basically priced for no growth, or even a fall in profit. Management has recently stated that they are trading in line with their internal budgets. What gives??

The only thing I can make of it is the added statement they gave that 1st half would be flat - albeit this being in line with the internal budget. If this is the case, I wouldn't be expecting any fireworks from ALS shortly (unless there is still a big seller who runs out of stock). However, IF management is right, and the 2nd half is a screamer, 12 months from now ALS should fly.

Just my thoughts.

MJS