CARBO Ceramics Inc. Message Board
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what f:(k happened to crr
??????????
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Hey, if you look at a one day chart, it did swimmingly after the earnings announcement, then shot itself in the heart on the conference call, which began at 11. Market is swamped with proppant, and they didn't do a very good job describing their plans for the future. I'm going to wait for a dead cat bounce if any and sell, and wait until there is a management change to buy back in. Their performance over the last year absolutely bites.
- 2 Replies to cabindoggie
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I think many need to spend some time in the fields and be on the ground to understand CRR. There quality over the China made product makes CRR the product of choice if you want performance from a frac IMOI
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agreed with the management change or at least a better prepared management. I am a long and was loving the post release spike. i think the market hated the uncertainty that management instilled by not having a coherent plan of going forward. Some plan would have been preferable to their bumbling. I am not selling but holding even past the dead cat bounce. quality company and quality earnings just a poor PR job on vision of the future.
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No one has any idea. Nothing i can find for this huge drop out of no where.
- 1 Reply to jr41000
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I work out in ND in the fields no idea as well I picked up a bunch as well going to give it a months.
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