15 Jan 2009

JOM beats lowered expectations ... or do they ?

This small table back in the release shows how the EPS in both Q3 and Q4 of 2008 moves from negative to positive from extraordinary income items. In the 2007 there were no such items, very lucky or ....



But even though understandable that we have at least a short positive move, but as on Friday the problem is that equities has to move higher on such a number which open up room for disappointment.

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