Joseph Ramelli

Market Punishes Perfect World for Earthquake; Buying the Dip

The reason for the stock sell-off is not the Revenue Guidance, it is because the company said margins are going to come under pressure because of increased spending. Increased spending has nothing at all to do with the earthquake. In my opinion it was pretty bad that the company said that they are going to have lower margins with out quantifying how much lower. I think the stock breaks lower again today.