listen to the companies monday morning conference call on the FDA approaval, and LOAD UP FOR THE SPIKE HIGHER, CrazyRon made 4.9 million profit on INSY buying at $8 and selling at $50 !!
Conflicted here. Chart looks weak today; I half want to hang in there that it is a false sell signal and half think it isn't. Should have jumped out at the high but thought it would at least hold water and go higher. Not sure just how much the government problems are affecting this either. I'm sure with all the drunks we have in there it should skyrocket, but that's another matter entirely.
Search for "SEC Live Filings Digest" to find out more.
Constellation Brands Inc. (STZ) announced its financial results for the first quarter of fiscal year 2014, reporting earnings of $1.5B. The company closed its largest deal in June with Anheuser Busch InBev NV (BUD), paying $5.3B for U.S. distribution rights for Corona and some other Mexican beers. Upon completion of the transaction, Constellation became the third-largest beer supplier to the United States. Constellation reported earnings this quarter of $1.52B, or $7.74 per share, up from $124.6B or $0.67 per share a year ago. The stark contrast is explained by a $1.6B asset gain and had this been excluded, earnings per share would have been up from $0.71 to $0.96. Gross margin slipped slightly from 40.8% to 39.5% while wine and spirits volume increased 1.8% and beer volume increased 1.1%.
STZ's ROE is 1/2 of other beverage companies with a higher p/e and trading at very top range of historical comps to the market. Fair value calculation $3.58 FY2 x 15.5 SP P/E x 0.8 Historical Relative P/E = $44!
Cuidado Ahi! Stay liquid my friends.
just read the lastest group pick and it is CBMX
another 3.8 million outstanding share stock that is getting press releases now
JOIN the group now
I bought a few July puts at a strike of 52.5 a few minutes before the close. It is down slightly pre-market, but not enough to make money yet. We'll see what the conference call brings, but I see a move down to $50 based on valuation possible in the short term of a few weeks.