would use this rare chance to sell existing positions and get short the stock
finally PNRA is losing some steam which comes somewhat unexpected at this point - even worse this won't be a one quarter event so I would expect the shares to experience very heavy selling pressure tomorrow morning fueled by multiple downgrades and price target reduction. Stock might fall to the $150 mark tomorrow.
not this time - they can't use the weather as an excuse anymore and accordingy are forced to finally take down full year guidance this time. Even worse they are admitting the need to "improve our peak hour throughput. While results in the next few quarters may be choppy as we invest in both sales-building initiatives and operational capabilities..."
Guidance for Q3 looks really bad and even Q4 won't be much better compared to previous expectations. With the growth engine obviously sputtering finally valuation will have to come down to a more reasonable p/e around 20 which would calculate to a price target of around $140.