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Lower Your Forecast & Investors Flee

Posted by StockBuz on August 8, 2010 at 9:12am
And that's exactly what's happening to JBL after meeting with UBS and admitting they're "marginally more cautious" about revenue for the coming quarter. They lowered their revenue and EPS forecast and the end result is investors taking profits. The same thing just occurred to their competitor Sanmina [SANM.O] where shares lost 10% over a poor outlook. JBL could go straight down as it didi in June or meander as it did in March but the end target is bottom of a larger channel support.

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Tags: electronics, jbl
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