And last Friday, Robertson Stephens became the most recent brokerage firm
to lower estimates on the stock. In the above-mentioned note, analyst Dane
Lewis stated that the stock, trading at 13.34 at the time, was overvalued
and cut his price target to 9.00. The stock dipped to a 12.81 close but
by Tuesday had fully recovered.
After todays news, however, the stock should have a much tougher time
bouncing back. The on-hold music preceding this mornings conference call
said it all: The Beatles Paul McCartney lamenting, Now I long for
yesterday.
Tom Davey, special to Byte and Switch, http://www.byteandswitch.com
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