The other day, a midsize company reported earnings that were significantly higher than the year-ago quarter, as well as several other positive operating metrics.
Though the outlook for the rest of 2006 was revised downward slightly, the new outlook was still much higher than 2005's performance. In the press release, the company's CEO painted a rosy picture for the future and was nothing less than upbeat in tone. The stock slumped 25% that day, probably its worst single-day performance ever.
What ...