Thursday, May 27, 2010

Lenovo -- Vexatious Earnings Release

Lenovo (LNVGY) issued a vexatious earnings release for their Q4 results. The release pounded the table about a 57% increase in shipments. The best gains where in China which saw almost a doubling in shipments. The Company also recorded its highest ever full-year market share and lowest year-end expense to revenue ratio. Management just could not explain why this did not result in comparable improved profitability.

Disclosure: No position in this stock