Right about now the pain should hitting the shorts big time. But do not get too cocky. This stock can go up and down in big chunks before you can blink. The info on the conference call was encouraging but not great. However, the PE is only 13X next years estimate. I think we pause here until we hear more info from the management. They have done a good job of keeping margins up through a down cycle. Yes. I know there are those who trash them: however, it is obvious they have never worked in a big company and understand what is going on.
The conference call was awful. Period. They guided down just 3 months after they guided up. This latest rebound is ahead cat bounce and the Barron's fluff piece was released today to help the phony rebound. I doubled my puts today.