Q: Can you offer any insight to the markets reaction to GSY earnings?I thought they were very good results various analysts seem to agree….
5i Research Answer:
We thought the quarter was fine, but for some investors it wasn't 'enough' considering some economic weakness expected. But the stock had risen $8.42 the day prior to earnings, so the $7.69 decline still means it was up over the two-day period. The upcoming CEO switch adds some uncertainty which may continue to cause some investors to sell.