wolfdog

American Greetings: Mea Culpa

Part of the miss was higher costs on getting stuff delivered, e. g. fuel surcharges, etc. As analysts, we probably should realize that AM is not the only company that is going to get clipped on these and other costs caused by the general inflation that the government says we don't have........just look at "core", and be happy!! That is why I do not use Street estimates, they are almost totally worthless. The sell side analysts, in general, do not do research nor do they use common sense. They just wait for the earnings to come out, then rely exclusively on management "guidance" to make estimates for the future periods. It is difficult to say who is more overpaid in relation to value received, Wall St analysts, or our Congresspeople in Washington.