Using this as a jumping off point - not trying to pick on you
@kabin 
This comment reminds me of something that I've learned over the last 2 years. And a lesson that I need to keep relearning on a seemingly quarterly basis, because I keep forgetting.
For the purpose of what most of us are doing in this thread, and the rest of us are closely related to, we need a short term mindset about the
stock price that is SEPARATE from our long term view of the
company business value.
The two are not completely disconnected, but for "short" (few months, maybe more!) time periods they can disconnect.
The reason this is important - don't confuse your assessment of the long term business value of the company with your short term view on the stock price.
In this particular instance, with deliveries at 406k (I think it was), I see no other way to view this (using the short term, stock price reaction) point of view as a miss. The analysts have been saying 420s or 4teens, its been getting repeated in the business press. The articles about the miss (FUD from the long term point of view) write themselves.
The energy we put into defending this number and why it won't really matter to the stock price, is all energy and rationale drawn from the long term POV. From that POV we know this doesn't matter. But what short term traders will do with that is something of a mystery - I believe that we all expect Tuesday to start down, and maybe start down a lot ($115? threaten fall below $110?). Because "missed expectations", and not "growing +40% YOY and <25 PE". They're both true - one gets more clicks than the other.
ONE way we get ourselves into trouble is to use long term thinking to make short term decisions.
My long term hat is just fine with this P&D. The short version from this POV is "all is well, long term mission and execution are right on track". With the P&D I'll still listen to quarterly earnings, but I could also tune out the rest of Q1 and be fine.
. But I’m often wrong, so there’s that.
