Investors are being asked to own a stock on more and more faith. There is a lack of clarity about the company's growth rate and a lack of vision on where they are going.
We have felt for a long time that the stock is worth $30 or better and continue to think that.
I don't think anything they've done is wrong but it adds to the uncertainty.
Analysts are great at providing data and information that the average buy-side shop doesn't have the capacity to get on their own. But no one on the buy side was ever under the illusion that these people were objective.
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