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Dana Holding Corporation Message Board

  • westcoastwallstreet westcoastwallstreet Apr 25, 2013 10:42 AM Flag

    Red flags flying high

    As I mentioned two months ago something smells fishy at Dana and I would stay away from this company. Last quarter, I mentioned they only had good earnings because of a tax related issue. Now with revenues down 15% and profits down 45%, its obvious this management lacks. They also re-purchased millions of dollars of stock at its 52wk high this quarter, basically artificially supporting the stock price all the way up. I was curious as to what idiot was buying all that stock at those levels.... It doesn't take an expert to see this company is an excellent short opportunity.

    Sentiment: Strong Sell

 
DAN
11.73-0.02(-0.17%)Feb 9 4:02 PMEST