Earnings today at 10:30 and pre-market is showing stock down 0.60% at this time. Do we have some insiders knowing the score and sort of cheating ahead of time? Was Barron's article wrong???
This stock is at best an average stock which will move with the overall market. There are no announcements on major sales growth initiatives or new products. Now they are bringing in the CFO from Visteon ( and Federal Mogul) ? Give it a couple of months and they will probably replace the CEO again as well. These guys are simply riding out the current uptick in the market.
I personally think they did great year over year with their profit, but the news release yesterday from (AP) around 10:30 stated the profit came in below analysts expectations. That source was Factset...Hence, instead of going NORTH the stock went SOUTH and RGB's (very positive)hype earlier in Barrons was off.