Looking at the ACTUAL estimates for this year's earnings which have been GIVEN BY THE COMPANY of $.74 to $.82, we see that the new range that has been given is $.04 cents below the previous estimates GIVEN BY THE COMPANY of $.78 to $.86 (comparing apples with apples and not comparing the new company estimates with the inflated broker estimates). The actual quarterly earnings for Q3 were $.07 below broker estimates. If the year has dropped only $.04 while Q3 dropped $.07, then Q4 could actually be flat or even $.03 ABOVE prior estimates. For those of us paying attention, we see that this miss was apparently a Q3 phenomenon and not a change in trajectory for the company's earnings.
Oh, what a sweet kid. Anyone paying any attention to EPS for a company with 30% of its assets in physical real estate is just a sweetheart.
Watch the cash flow, folks. Only thing that matters. I love the new Wall Street...beat the crap out of a quality small cap name for a nominal miss, and then scoop shares cheaply. Get your dumb research analysts to put an EPS number well above the company's guidance range, so the stock gets too far ahead of itself, and then pummel it when the bid dries up.
I've re-entered this name in the $11 range. I've owned this name in the past...made a killing on it when it bottom in March 2009 at $0.86. Sold my last shares around $12.29. Rinse and repeat. Back in, because you morons are weak hands, and the shorts beat you.
Stock is trading for 5x cash flow. All you need to know...cash flow is beginning to grow...stock goes up.
Easy peasy Japanesy. You all should be dumping your miserable life savings into this name right now. Sandy's doing a good job. Although, he needs to reign in some of his concepts...too many.