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Another day, another earnings warning. Im starting to see a trend here, how about you guys? You have to start wondering though, why are the masses so quick to sell a company when they miss analyst expectations by 2 cents? With interest rates as high as they are/were, doesnt it seem obvious that a company would suffer some adverse effects that wouldnt allow them to meet forecasts that were made before the interest rate increases? This recent market behavior just reinforces what all of us on this board believe in and stand behind. It should help us appreciate that what we have learned really makes alot more sense then what the market as a whole. Tell me how a company can go from $200 to $5 a share without any significant core business changes. The drops weve seen in these companies are just a result of valuation changes and nothing more. None of us have suffered these kinds of losses because we dont invest in the flavor of the month. I congratulate everyone on this board for their contrarian style of investing. Keep the faith!!!
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