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  1. #9431
    ShareTrader Legend Beagle's Avatar
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    Guidance of $900 to $920m suggested $910 at the mid point so a significant beat for this quarter at $922, a $12m increase for this quarter above the mid point.
    Discounting referred to by Goldman's probably to clear the last of the old labelled product.
    "Have teacup..some will make try and make storm". Long term holder.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  2. #9432
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    Quote Originally Posted by Beagle View Post
    Guidance of $900 to $920m suggested $910 at the mid point so a significant beat for this quarter at $922, a $12m increase for this quarter above the mid point.
    Discounting referred to by Goldman's probably to clear the last of the old labelled product.
    "Have teacup..some will make try and make storm". Long term holder.
    Yes, Geoff passing on the baton to Jayne on level playing field and its upto new leader to drive the company forward.

  3. #9433
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    Quote Originally Posted by Beagle View Post
    Guidance of $900 to $920m suggested $910 at the mid point so a significant beat for this quarter at $922, a $12m increase for this quarter above the mid point.
    Discounting referred to by Goldman's probably to clear the last of the old labelled product.
    "Have teacup..some will make try and make storm". Long term holder.
    My thoughts exactly. It seems rather strange some are calling this 'shocking' when guidance was given 2 months back.

  4. #9434
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by tipsy View Post
    My thoughts exactly. It seems rather strange some are calling this 'shocking' when guidance was given 2 months back.
    if a company has to meet revenue by discounting the roosters will come home to the chickens sooner or later
    one step ahead of the herd

  5. #9435
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    Quote Originally Posted by bull.... View Post
    if a company has to meet revenue by discounting the roosters will come home to the chickens sooner or later
    Well the margin in terms of overall sales is still there. If the big TMall etc sales are as big as they say, then a fair proportion would go through at a discounted price.

    12pm is when the real action starts.....

  6. #9436
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    Quote Originally Posted by bull.... View Post
    if a company has to meet revenue by discounting the roosters will come home to the chickens sooner or later
    Nothing wrong with that strategy, any company involved in selling a product do resort to those methods especially when trying to get rid of unwanted stock, in this case old label IF product.

  7. #9437
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by bull.... View Post
    if a company has to meet revenue by discounting the roosters will come home to the chickens sooner or later
    I echo what sb9 has just said. As an example have you ever noticed that new cars dealers discount old stock before the facelifted model comes out ? Everyone wants the freshly "Gee Wiz" labelled stock. Welcome to the commercial world and reality of how things really work. Some people will try and conjure up nefarious theories from the depths of their imagination while others understand how retailers work.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  8. #9438
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    Quote Originally Posted by bull.... View Post
    if a company has to meet revenue by discounting the roosters will come home to the chickens sooner or later
    They beat the low end of guidance by 22 million, they hardly dragged themselves over the line. No sign of discounting affecting the margins.

  9. #9439
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    Quote Originally Posted by Beagle View Post
    I echo what sb9 has just said. As an example have you ever noticed that new cars dealers discount old stock before the facelifted model comes out ? Everyone wants the freshly "Gee Wiz" labelled stock. Welcome to the commercial world and reality of how things really work. Some people will try and conjure up nefarious theories from the depths of their imagination while others understand how retailers work.
    Jeez that ‘nefarious’ word again ...four times in two days
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #9440
    ShareTrader Legend bull....'s Avatar
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    think your all assuming its old stock
    one step ahead of the herd

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