I would have thought in the context of the current building boom, (which won't last indefinitely), and the extra work required because of the earthquake that's a very poor guidance no matter how you slice and dice it.
Absolutely, and the markets seem to agree. Amazing how the lemmings are jumping off the cliff.
I guess the question is just - is the day of a bad announcement the best time to run? Great opportunity to fall into the usual "undershoot" .
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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