"So I've had a lot of conversation today with people about this 2015 goals. Lot of pushback of those goals seems unreasonable. And frankly, without some help from the market, they probably are reasonable. But I don't think we are given up on these targets today. I think that 2015 market will be better than today, but I also I think as I said earlier, there is a lot that we can do internally to improve our earnings performance pretty demonstrably without a lot of help from the market."
DeFeo is a really good CEO and I enjoy how candid he is in his presentations. It really helps investors. Though he does leak out good news and bad news early.
How in the world do you consider DeFeo a really good CEO. Do yourself a favor and look at his cumulative return on equity from the time he became president until now. If you like those numbers then you must like keeping money in CD's.
Banana, James is quoting Defeo from the most recent conference. I assume Defeo was referring to analysts and/or investors, who are probably inquiring about the possibility of TEX meeting those goals despite lowering 2013 guidance.
If they meet those goals the stock is an absolute steal here. I'm not convinced they will, but even $4 in '15 without much market help would be very impressive.
Yea. I agree with what you say about leaking info out. You can really get an edge based on his presentations.
He did say that they could get 66% of the way to $5 EPS in 2015 even without the help of the market, which would be $4 EPS. Pretty bullish. Not sure I'm a believer yet, but he did forecast profitability in MHPS in 2H 2013. I do think the market will give them some help, I think the global economy will get better over the next couple years. With all that said, I wouldn't buy here, but my interest is peaked in the event that the stock price falls back below $30. I'm fine if it doesn't happen, but bullish on their future. Just not with my money at current price considering the uncertainty.