Tuesday, April 24, 2012

Will SodaStream's First Report In U.S. Dollars Be The Catalyst For Gains?

Back on February 29th, SodaStream (SODA) announced Q411 results and provided a little nugget that apparently the whole market missed.

The company announced a change to reporting in the U.S. currency (USD) effective January 1st, 2012. Anybody following this company has known that it has reported in euros (EUR) and provided a translation to the USD. This is common of foreign companies. The odd part though is that popular finance websites such as Yahoo Finance (see below Figure 1), Reuters, and probably most others continue to report the analyst estimates in euros.


Read the full article on Seeking Alpha.


Disclosure: Long SODA. Please review the disclaimer page for more details. 



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