But I broke that rule and now I'm paying for it. I don't put too much into thinly traded AH so lets see how it trades tomorrow. Does anyone think they low balled their guidance? I used all my dry powder to get EA and hate to have a no cash position. Although I bought this as a trade and would be alright with a break even situation. A wait and see game as I thought the CC was decent. It seems like you need to knock it out of the park these days which could be a sign of a market sell off. Jmho
Then why was it maimed in after hours trading, down 5%? Tell me why? AMZN does a beat and it's up 15%, this does a beat and it's down 5%.
Return on Assets 15.3% - Positive
Cash Flow Return On Assets (CFROA) $1.07 billion - Positive
Change in Return On Assets 15.3% (this year) vs 0.15% (last year) - Positive
Quality of Earnings (Accrual) CFROA: $1.07 billion vs ROA: $875 million - Positive
Change in Gearing or Leverage 0.00 (this year) vs 0.11 (last year) - Positive
Change in Working Capital (Liquidity) 1.354 (this year) vs 1.312 (last year) - Positive
Change in Shares Issue 334 (this year) vs 343 (last year) - Positive
Change in Gross Margin 68.35% (this year) vs 62.32% (last year) - Positive
Change in Asset Turnover 0.7899 (this year) vs 0.57051 (last year) - Positive
EA's report was a beat of expectations, and the market reacts by dropping the price 5% in after hours trading.
I fail to understand WHY??????
... just pooped on our parade, but should recover in a month, and I still think we're at $110, end-of-year. I'm betting a very nice surprise in Nov. after release. Too many good things happening here, and investors will realize that we are in the Mother of all sweet spots.
Sentiment: Strong Buy
EA is a high velocity stock whose run only began in earnest at the beginning of July. In hard times people like to immerse themselves into the fantasy of another world and EA provides that.
The anaylist will take into account the upcoming Q3 earings which I think will set a record for EA. They are building toward a huge EOY sales. The Star Wars game Battlefront is going to drive billions in sales. The company should be a buyout target. Looking for a solid quarter but the near future is looking very good for EA. Look for a nice pop in the stock Friday opening.
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