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Originally Posted by zboy2854  It should also be pointed out that all those folks here wringing their hands over the latest Avid earnings statement should take a look at the earnings statements coming out of most companies during this depression. Most of them tell the same story--demand down huge, cost cutting to the bone (i.e. layoffs), etc.
Let us not pretend this is somehow exclusive to Avid or even to the recording gear sector. The whole economy has been circling the drain. Why in the world would anyone view Avid's earnings without taking that into consideration as well?
And if Apple's earnings statements were scrutinized, you'd find that their pro audio and even Final Cut portion are but a pimple on Apple's ass. And what are Steinberg's earnings? Oh, that's right, they're not even a publicly traded company. Point being, attempting to glean any kind of insight into the future of one particular company during a depression, when revenues are down across the board year over year and cost cutting is the new buzzword for pretty much every company is an exercise in futility. |
You are the expert, but I would compare AVID vs. SP500 over the last five years to see what is secular vs. market-driven.
Steinberg is owned by Yamaha.
It's possible the patient will rally.
