“With November comparable down 8 percent and the company lowering guidance once again, Hot Topic continues to be on the wrong side of the fashion trend with no near term catalysts in sight. Hot Topic will obviously need to take deep markdowns in order to clear unwanted holiday product.”
Brian Tunick
“Every time you don't follow your inner guidance, you feel a loss of energy, loss of power, a sense of spiritual deadness.”
Shakti Gawain
“Although we had anticipated tepid guidance, the company was far more conservative than we anticipated. The company projected April quarter revenue in the range of $14.2 billion to $14.6 billion, with earnings of 39 cents to 41 cents per share. This was below our previous revenue and earnings estimates of $14.6 billion and 41 cents per share.”
Bill Shope
“But throw in a very visible company lowering its guidance going forward and the focus shifts back to the same problems of an uncertain economy, uncertain earnings and the Middle East problem, which has not changed,”
James Awad
“Tepid company guidance makes us cautious in extrapolating.”
Steven Milunovich
“We are hopeful that the company will lay out more conservative guidance for 2002 as a means to rebuild credibility with investors.”
Holly Becker
“We also believe that some analysts are projecting that the company will miss the low end of the guidance range in Q3 and withdraw its goal of operating profitability in Q4. As a result, if the company hits the mid-point of the guidance range and reaffirms Q4 operating profitability, we would expect the stock to go up.”
Henry Blodget
