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Matrix Service Company Message Board

  • samuelconnolly samuelconnolly Jan 9, 2004 1:42 PM Flag

    Earnings

    I know that predicting stock prices is near impossible. However, if analysts had guessed earnings of 0.16 everyone would be estatic today even though earnings would still be 0.18.

    For a stock selling at $16, earnings of .18 is still very good compared to rest of market. Seems to me this stock is still undervalued. There are so many stocks out there with negative earnings per share, less stable business models etc. selling for so much more.

    What am I missing here?

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    • askindoc@sbcglobal.net askindoc Jan 10, 2004 11:18 AM Flag

      You are nuts...this stock is overvalued presently. I am out,,,made money and will reenter at 7 bucks/share. Bye bye

    • Samuel, you're right on that this is a highly undervalued stock, and is a fantastic buy right now.

      All stocks have growing pains. This stock traded under $5 a year ago, and hasn't traded above $8 for over a decade. That's some pent up selling pressure, and I'm sure many ultra longs felt it was time to pull the trigger. Add that to the fact that many short-term trades who got in recently were probably stopped-out when the stock opened at 16.80 yesterday.

      But, it's a whole new stock and company now. They're highly profitable and growing at text-book bullish rates. Institutions are accumulating, and stock trading volume is many times what it used to be.

      This stock is on the right track, it just needs to work out the kinks naturally.

 
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