Sacha’s Weblog

RHT FY10: great results – yet… March 25, 2010

RHT just posted its FY10 results and they are very good and this, despite a weak US+EU economy and weak USD currency during that period.

Yet, some analysts have been negative about it and, consequently, after-hours trading was down -3.x%.

The best comment is probably from Katherine Egbert (Jefferies & Co), who wrote “They gave a conservative forecast. Given that the economy is in recovery and IT spending is improving, the question is why,”. You are wondering why?!? Where did you see that the economy is in recovery? Homes sales have hit their record low, unemployment rate has hit its record high, IT spending for SMB is low and will only marginally increase in 2010, etc.

The economy is doing fine, the economy is doing fine, the economy is doing fine… It seems Mr. Coué still has quite a few adepts.