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Itron, Inc. Message Board

  • zinskystill zinskystill Dec 2, 2010 11:05 AM Flag

    Should have known yesterday

    Talk about insider info. GS downgrades today but the price was going down yesterday in heavier than usuall volume. Someone knew!!!

    Price will drop another 5-10% before te earning.

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    • GS should be reported to the SEC - someone knew yesterday they were coming out with a sell rec today - there should be an investigation what their position was in the stock - there is supposed to be a Chinese wall between the analyst and the trading desk.

    • Someone knew!!!

      Of course someone, more than one, knew. Yesterday's performance was a clue. The real question is: In view of no negative news or impending problems, what does Goldman know to lead them to a "sell" rating?

      • 1 Reply to lord9090
      • THE ANALYSIS: Wienkes wrote that Itron is well-positioned to cash in on that market, but sees a slowing in new contract awards in the near term. That means Itron will need to see significantly higher bookings next year to sustain results in 2012.

        "We see a slowdown in 2010-2011 awards setting a high bar for Itron to repeat what should be a record 2011 again in 2012 or 2013," Wienkes wrote.

        He anticipates that the lower contract volume will lead 2012 earnings per share to fall 24 percent to $3.25.

29.27+0.27(+0.93%)3:18 PMEDT