“Talk about a perfect storm. First, the CFO quits, and then the
firm turns in a great quarter–but not great enough–and now this.
Linux software provider Red Hat was drenched by a massive wave of
investor fear yesterday upon announcing that it would be restating
three years’ worth of earnings. The stock dropped 22%.“If you click that link above, you’ll see that I had warned that
Red Hat looked overvalued, but don’t expect any ‘I told you so’ out
of me today…”
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