Guys, I've been spot on previously. In my opinion, we'll see analyst upgrades coming very very soon. I can tell you that analyst upgraded TA last week has investors that followed that recommendation (both pre and post upgrade).
I've actually spoken with the analyst - who is just as perplexed as the rest of us on why the stock has taken a beating post earnings. In my opinion, I would expect to see both analyst re-affirm their strong buy ratings on TA. Q2 and Q3 will be very good quarters. We are trading far to low!
Time to load up.
I don't know why you think Q2 will be a "very good quarter." It sounds like, from O'Brien's guidance that the expectation is for, probably, marginal improvement over year ago. That's a far cry from the 15-25% kind of growth I was expecting to see.
Of course, it's still a strong buy, simply on valuation (little more than 5.5x earnings), but I've lowered my target to $8-10.
I hope I am wrong, and they are "sandbagging," and actually show significant double digit growth in profits in Q2. But I am skeptical.
nothing too shocking or confusing at all. I've been saying this.
A year ago, a bunch of oil snake salesmen (from nice brokerage firms around) looked through their Roladex and pulled out some names of investers to sell some neawly printed shares of TA. They showed how it was a steal at $5.69 because it was around $12 just a few weeks earlier. People were promised to double their money in a month.
..... and the month turned into "until next earnings"..
..... and then "until an analyst upgrade coming very soon".
..... and then just one more quarter.
..... and then it was a year, and the investors just wanted out. So around 2mil shares were sold at market value.
I don't get what is so confusing to every one.
I agree. I would also say that a bunch of the shares that were sold over the last week were from uneducated investors that shat themselves thinking that the shelf announcement was going to result in dilution. Obviously, we now know that is not the case - no dilution.
The stock will rise and the analyst will reaffirm their positions because the catalyst is a big Q2 and Q3. We are trading far to low - volume has dried up and we'll begin to see it rise quickly in my opinion.
All TA needs to do is execute on what they have in front of them and it's going to crush earnings. With the threat of dilution or doing something stupid off the table as Obrein indicated on the call - I don't see how this wont make everyone a boat load of cash.