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Old 04-20-2022, 11:47 AM   #3553
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by Fuzz View Post
No, the decline isn't largely based on that but...

https://seekingalpha.com/article/450...ortunity-bulls


So it maybe isn't as bad as it sounds. Just wondering if the market maybe over-reacted.
Yeah, and that could be. The overall earnings report wasn't as bad as the impact on the share price (they did have better than expected cash flow and things of that nature). But, the issue for the share price is that they're not the first company in this position, recently. I think that analysts are looking at things like the increased competition from other services and adding to that the decline in subscribers, which gives a gloomier outlook for them.
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