they guided light , besides , the auto sector is doing very badly in terms of stock performance , it got downgraded some weeks ago and Harman is part of that broader sector , stock is a great buy long term
HAR announced a great quarter on Wednesday - great report on prior qtr., acquisition integration, etc. and the stock was just beginning to head north. So "the following day' after seeing their stock price appreciate by 10%, why did they need to communicate lackluster guidance for the coming year ?? Especially when they are likely to beat and raise the guidance in the coming year!! The President needs his head examined ....unless of course he was LOOKING TO BUY SHARES AGAIN ON THE CHEAP!!!
the auto sector is so manipulated , its not funny , almost all car markers are making record sales right now yet wall st is not bullish
I've been watching HAR for several months and decided to buy a few shares at yesterday's close. It seems like a good long-term buy at these levels.
Barclays analyst Brian Johnson downgraded the entire U.S. Autos and Auto Parts sector to "Negative" from "Neutral" due to concerns in China, negative sales in the third quarter and declining production in 2016.
IMO, it is a very cheap sector.
I think the sell-off of HAR is related to recent downgrades of auto makers and auto suppliers due to declining demand in China. I know HAR gets a decent chunk of revenue from their auto contracts, but the sellers are showing HAR no mercy. With regard to HAR's stock price, it might get worse before it gets better.
HAR has been struggling over the past few sessions, but today's selling really accelerated into the close. I'm not sure if today's bloodbath was computer selling triggered by eroding technicals or if bad news is about to break.
Agree...did not get the other shares...just watching this right now. Has been selling off for sometime it feels. Under 110. WOW. Not looking to be pushed out, but not hearing any news is concerning giving the movement of the stock.
Did get in, only 400 shares. Up a bit now like 2.5%. Think there is some excellent upside here for this leader.
Sentiment: Strong Buy
Great points, and a very nice move today. I did not get in yet. Looking at analyst estimates it shows 2016 being about a 20% increase if you believe the estimates. Applying a simple 20 multiple on that you get a valuation of $135.80. Given HAR is a leader and will likely have opportunities to expand and collaborate that could push 2016 higher, then this should be fairly solid. Would say simple calc shows it 11% undervalue. Have not done any DCF analysis. Was looking at maybe doing selling some puts, but think I might miss the runup if I did.