Afterhours trading is almost always more volatile than when the market is open. I think it's likely that BBOX will trade up from the afterhours levels, maybe up to around $35 or so. If enough shorts pile in or people panic, stop loss orders or margin calls kick in, it could also go down, but I'm guessing bargain hunters snap up some shares to help counteract that.Looks to me like a big over-reaction to an earnings warning. Granted it is a disappointment and the stock should react, but I don't think a 20% drop is reasonable given the already attractive fundamentals.GAAP earnings (including special charges) are expected to be .24 for the fourth quarter. FY03 earnings therefore would be about 2.41; At $31, that gives you a p/e of about 12.86; Book value = 26.28 ==> p/b = 1.18; p/s around 1.0; All attractive, in my opinion.Then again, since when is the market rational in the short-term.
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