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DXP Enterprises, Inc. Message Board

  • cpasific cpasific Mar 5, 2008 4:50 PM Flag

    will drop to $38 by the open tomorrow

    sell if you have the profits,

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    • with the way the markets are acting today...its possible...however, imo it will provide an opportuntiy to add to our position....the earnings we got are very strong and the outlook is strong as well...

      look at what they are saying...

      “Although DXP serves nearly every industrial market, the geography we serve today makes food and beverage, agriculture, upstream oil and gas, midstream oil and gas, downstream oil and gas and mining our major markets. We expect 2008 to be the best year ever.”

      oil and agriculture are very strong markets and are expected to stay strong for the remainder of the year, especially agriculture..


      • 1 Reply to qback33139
      • let me also add...we did not have any run up on these more to read...this one comes from dutton..

        DXP Enterprises: Rating Upgraded To Strong Buy With $60 Price Target
        DXP Enterprises' shares have pulled back 25% from the closing price of November 8, 2007, $53.12, at which we reduced our rating
        from Strong Buy to Buy. This decline is substantially greater than the 6% decline of S&P 500 Index during this period. We believe a
        combination of profit-taking and concerns about general economic conditions have weighed on DXP stock. However, while fourth
        quarter 2007 results, which we expect to be reported in late February, are particularly difficult to estimate as the Company integrates the
        large Precision Industries acquisition, we remain confident that DXP will report a solid gain in the period and further earnings progress in
        2008. We believe further market penetration, continuing strength in the energy sector, and the defensive characteristics of the food
        industry which is an important segment of Precision's business should help shield DXP from any shortfall caused by a modest
        weakening in overall economic activity. Our earnings per share estimates remain $0.81 (vs. $0.61) for the 4Q 2007 and $3.46 (vs.
        $2.67) for 2008. Our 12-month price target for the shares remains $60.00, and this indicates upside potential from the current price of
        50%. As our criteria for a Strong Buy rating is upside potential of over 40%, we are reinstating our Strong Buy rating at this time.


    • Don't know about that...look at what Hurc's done since its report. If you're short, better cut your losses soon.

    • Thanks for the advice, where were you when it was at 59 ?


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