Katrina the great sandbox of excuse for companies?
What was surprising to hear on the call was that management called Katrina "the great sandbox of excuse for companies"? Did I hear that correctly? Tell that to AA or X, or various other companies that are seeing higher cost of goods due to Katrina. Katrina might not have affected COMS during the past quarter because of timing of Katrina was at the end of COMS fiscal quarter. But surely there will be companies that are negatively impacted by Katrina and now Rita, just as there are companies like SGR that benefit from these events. It will be upto investors to see behind the veil of Katrina or Rita and make sure managements are not hiding the real issues.