Wall Street Manna

An irreverent look at Wall Street

Tuesday, May 12, 2009

AIPC's earnings

AIPC pulled a fast one with their earnings today. They reported earnings of $1.21, versus .75 estimates, but they neglected to factor in their tax rate with the earnings release, even though in previous quarters, they also had the same situation.

AIPC released the earnings in the morning, instead of after the previous day's close, which would of allowed all of this information to be sorted out by the market.

When you get bagged by the stock, it changes your perspective. Yesterday it was a pasta company; today they just make noodles.

But I'm going to sit with it.

I eat my own cooking.

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