Everywhere you look, you will find companies that have seen their shares plummet despite good news... Sirius Satellite Radio's (Nasdaq: SIRI) shares have been cut in half since peaking two years ago despite blowing past subscriber growth targets.
Um, yeah, but they continue to lose more and more money as they grow subscibers. Adding subscribers doesn't mean value's been added and the stock should go up.
Lest we not forget Krispy Kreme Donuts (NYSE:KKD) which suddenly sprouted stores everywhere?
Take a look at earnings per share for SIRI (click to enlarge):
What's worse, SIRI is not even profitable at the Gross Margin level. Ugh.
I'll give 'TMFBreakerRick' the benefit of the doubt - because I'm sure I've written some silly things before too.