Technically, the stock has bottomed at $14.34 and made a big reversal on heavy volume. Oversold and traders may push this up to $17.50 in next 4-5 trading days. If volume remains heavy, it could challenge 19-20.
It looks like this turkey is cooked and just waiting for positive news before turning to the upside.
New product glitches, tornado damage, cost over runs and stock downgrades have done their damage. Signed contracts and a huge backlog will now come in to play as the bad news has been absorbed and digested.
With the dreamliner finally ramping up and production increasing we should see more to the bottom line and a strong reversal of the pps. Many companies in the aerospace industry have gone through similar growing pains and come out healthier and more profitable. SPR has a unique link in the aerospace industry and will survive. The old saying " What doesn't kill you makes you stronger" really comes to play here.
SPR has strong institutional play and the lackluster market is ripe for bargain buying.