Nov. 8 at 12:04 PM
$AIRS I took a short in the mid
$8's due to many critical negatives:
-Huge miss on Revenue and Net income.
-Huge downgrade to guidance.
-Cash is critically low = large offering on deck.
-Debt is heavy and expensive.
-Competition is ruthless keeping their margins in the negative.
-Discretionary = further revenue drop if economic weakness.
-Dilution is continuous over the quarters.
-Big short interest = consensus of poor performance forward.
