Complete over-reaction on AAN down -4.23 after beating & raiding low end EPS for 09
Selloff overdone focusing on only one aspect of earnings guidance which was lower revenue guidance.
But AAN has cut costs where even with lower revenue its still had to raise low end EPS guidance higher for 09.
So being down -4.23 in pre-market is an extreme oversold condition , its not like it ran up heading into earnings. Its down from $34+ from last qtr. and now $27.50 in pre-market.
UPDATE - Aaron's Q2 profit tops Street, lowers 2009 rev viewat Reuters(Tue 5:39pm)Aaron's 2nd-quarter profit rises 24 percentAP(Tue 5:28pm)Aaron's, Inc. Reports Second Quarter Results; Same Store Revenues Up 8.4%; Diluted EPS $.51PR Newswire(Tue 4:10pm)