RAS reported 3rd quarter 2010 earnings of $0.03, beating the consensus estimate loss of the 2 analysts covering the company. In the year leading up to the announcement, the estimate had risen by 64.00%.
Don't let the short/bashers sway you,.... RAS BEAT THE CONSENSUS!!!!!. That means things are getting better than the analysts estimated them to be.
Things are getting better?
what things do you mean?
things like the stock price?
better for shorts to cover, I guess.
better for longs, not so much.
they already spent all their bullets buying at higher prices, got no money left to buy anymore
hard luck, longings, and lots of wistful sighs, that's all they got now
2 days after the Q-earnings a lot of people have resonded here. I think 50% positive, 50% negative. Imo also research companies are very uncertain about the company.
It looks like this company has big chances according market value to book value, some very optimistic investor on Seeking Alpha, but it looks like most of the real analist and people behind the doors/know the RAS-management etc. have no confidence in the board of this company.
That is a pity for us the investors.
Maybe in the short-term future the best advice for this stock is an HOLD.
I wait a couple of days to see what price will do.
If you analyze 2years price-history of RAS the pattern is BULLISH in other words: the company fundamentals look to improve but in a very uncertain way (which result in the big volatility of this stock).
I can't post file. But here is content in File. It is Fidelity.
Forecasted Upper Limit 5.26$
Best Estimate 2.63$
Forecasted Lower Limit 1.32$
Last Price 2.35$
Ativo Research’s Investment Conclusion
Ativo Research projects as of this date that RAS will OUTPERFORM the market averages over the next 6 to 12 months leading to our decision of a BUY. Our decision is based on
(1) valuation, which compares the firm’s intrinsic value against the price of its stock,
(2) intermediate and long-term price momentum,
(3) other measures of fundamental trend and
(4) qualitative analysis.