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BTW, as of now, Neikki has sheded by 30% this monthly only.
Oct 23 23:21 pm
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All Comments by MaverickBian »Analysts' Forward-Looking Estimates: Just Plain Nuts [View article]
And another example is SAMSUNG, which just posted 44 decline in net profit and is planning on its future capital investment in some area like LCD display. This cutback will further lead to economic downturn on a macroeconomic level.
SSMSUNG is an extreme case because compared to SONY, SAMSUNG has a huge advatage on currency WON's depliciation. Even with this advantage, its profit remained almost halved.
Just don't read into sell-side analysts' estimate too much. In an environment of high volatility, most analysts' estimates have been wrong with a statistical significance.