By its own admission, OKN has written down some items and has laid the way for a profit loss, however it also mentioned that FHY earnings were on track/comparable with last years, so some upside too.
It is a fact that in this market anything other than excellent results can cause a sp to fall, however as with many stocks of late, OKN has been oversold and its true value ignored.
OKN has, according to the announcement, adequate contingency funds, good income and reasonable small long term debt, so the recent massive falls are unjustified and have been overdone.
I suggest that with a reasonable report in a few weeks, the market will realize OKN has been oversold and the sp will rebound quite strongly.
