It seems that notwithstanding all of the analysts expectations that 2008/2009 will be a flat year, they still have built into their forecasting models an expectation of 10%-15% growth.
Hence, when a company does announce their results with the expected flat forecast for next year, the share price gets smacked down 15% or so.
Another stock I follow is GUD, which has received exactly the same treatment.
It seems that notwithstanding all of the analysts expectations...
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