"The story is they've blown it on expense ... Operating expenses were much higher than everyone was expecting," said Jeffrey Lindsay, analyst at Sanford C. Bernstein, adding that "these guys have been spending like drunken sailors."
Not sure how the financial surgery will effect us folks.
I could swear I used that exact same phrase here in WW over a year ago. LOL. Last I heard the stock was down $28 a share and expected to take a beating Monday. Probably about time for an "adjustment". Not really happy about it. Google has been kind to me lately. But the spending has been incredible. Anyone know what their latest P/E is?