- Quarterly earnings can delight or disappoint, or even just confirm expectations, and this is hard to tell in advance.
- And it’s not just with respect to one’s own expectations, more importantly is what the market expectations were.
- Management, by building a track record, can take at least some of the guesswork out of this equation.
- But this is easier in some sectors than others, as we illustrate with Applied Optoelectronics. Still they should have done better.
Applied Optoelectronics: When Investing Is Like Gambling
November 1st, 2017 · No Comments