Following on from yesterday’s How Low Can We Go, I thought it would be good to look at the S&P earnings data. The S&P data shows TTM reported earnings have been falling for a year after peaking in Q2 2007 at $84.95. Earnings are down 29% to $60.39 as of Q1 2008. As if that is not bad enough, estimates for Q2 08 predict earnings hitting a low of $51.68 before improving slightly in Q3 and improving thereafter.
A rosier view is gained by concentrating on the quarterly earnings rather than …

Q4 2008 Earnings
Earnings Preview
Oplink Communications, Inc. (OPLK)  financial results fourth quarter ended June 30, 2008
Five analysts are predicting eps between $0.09 and $0.11, consensus of $0.10.
For those focused on eps this figure will compare poorly to last years $0.23.
Fast forward -> Results are now in and they’re great.
Good results, turnaround occurring, great upside potential in this well managed cash rich company.
The two main reasons I find oplk attractive are they make money and they mange that money well. Add in growth, OCP turnaround potential with proven management at …