Stock Analysts, Exterminators, and Realtors To stock market neophytes, it always seems like a massive overreaction when Company ABC or XYZ announces that it’s going to miss its next quarterly estimate by 1¢, and its stock price immediately craters by 10% (or 40%!), lopping millions if not billions off the company’s market cap (valuation). Ahh...Read More
IBM Lowers Forecast, Stock Tanks “IBM forecast earnings for 2015 of $15.75 to $16.50 per share, below the $16.51 per share average estimate on Wall Street. The company’s stock fell 2% in after-hours trading.” –“At IBM, a Weak Streak Persists”; The WSJ (1/21/15) At first blush, it seems like a classic overreaction: a storied company...Read More
