I have never seen anything outside of crappy biotech companies do this.
This is unprecedented in my portfolio. Never have I had an issue tank so heavily and consistently. It is time for answers. I will be e-mailing management/IR later this week for an explanation and what they plan on doing about it.
After next quarter's results the P/S will have gone from 2.6 to 1.00 in only 3 months! WTF? Do people really think macroeconomic policy is going to bite into margins to the tune of 61.5%. That's the discount being applied to to P/S, and that will drop considerably to around .8 over the next few quarters.
Price to book ratio has went from 3.6 to 1.7 in that time as well.
The HKJV remains a mystery. Sales have dropped the last two quarters, but we haven't received a satisfactory answer in proper context as to exactly why this has occured.
I'm holding tight, but apparently at least one large holder is not. It will be interesting to see the institutional numbers come in after the next reporting date.... which I believe is Nov. 15.
One thing to remember, the volume on the way up has been a lot more consistent than some of the weak volume on the way down. Today is a little bit different, but the volume still isn't very significant. On a few days on the rise to 36, volume was over 100K.
I was literally going to post the same thought. I have been at this game for 30 years and have never seen anything like this with no news, downgrade or other explanation. Your writing IR is a good idea. The one time I wrote to them about 6 months ago suggesting that they do a conference call, I got no response. Hope you do better.
Don't be so fast to jump to conclusions. UUU has a few problems weighing on it right now. First, the Canadian dollar is approximately at parity and going higher. This is very bad for the prospects of EMT sales in the US -- and those sales are the hope of INCO returning to profitability. Second, the impact of the slower US housing market is weighing on the stock -- IMO, this is a perception of the market which does not make sense. I have never seen figures on it, but I know that most of the CO and smoke detector market is not for new construction, but rather for replacement and refitting. Also, UUU hasa substantial exposure to international sales.
I have been adding to my holdings in recent days. In the long term, I expect to see the 30's again in the not too distant future.
If you go back and look at data from the 1988-1991 time period, the housing price YOY decline was has very closely matched the recent decline from 2005-2007. If we continue to follow the pattern, housing prices will start to make forward progress by Q1 2008.
One other question.. if UUU was able to make headway into the retail market by selling at HD, is it long before other retailers beging selling UUU products?