Seeking Alpha

Though its Q1 results missed estimates and its 2012 revenue guidance of $250M is well below a...

Though its Q1 results missed estimates and its 2012 revenue guidance of $250M is well below a $310.9M consensus, KIT Digital (KITD +6.6%) is bouncing off its all-time lows, as investors decide enough bad news is baked in. Also possibly helping is a 13-D from activist investor Costa Brava. The firm discloses it has boosted its stake in KIT, which has seen a management shakeup, to 6.3%, and is nominating 6 members to the company's board.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)