like risk reward here. Dont understand why it is selling off. EPS looked darn good to me
I already explained below why it is down - alle key metrics from an earnings and balance sheet perspective have weakened significantly during just one quarter.
cash down 80%
gross margin down 6,5%
short torm borrowings up 10%
probably hold off unless you like to play a really hot hand. you needed to get in lower
How do you figure all key metrics are down, did you read the narrative? Expected cash to be down because of the new plant expenditures, the gross margin drop was explained pretty well and borrowings were up because of cheap money.
Sentiment: Strong Buy
Easy Answer look at the run in anticipation...$1.70-$2.40 in 8 trading days..Just investors taking profits on the good news..lets let them out and then we will be at the next level..