WNR has a lot of good things going for them. But I am out after the conference call today. Stock is going lower before it goes higher IMO. The whole segment is losing steam and the street is punishing the share prices accordingly. I still like the company and its management, but its time to cash out and find another table.
I forgot about the turnaround expense but was aware of the hedging loss. Thanks North for reminding me.. I missed that....I will listen to the CC in 15 minutes. But overall to be candid, it was actually better than I expected. This is a good company with a solid management team. DId you see the TSO results? Solid......D
i will be selling the last of my position at roughly a 43% profit over all including dividends. glty
i hope you get your run. good company. i have been in building positions in and trading RDN, GNW, and buying and holding DAKT as a spec. Done well in all of them so far. DAKT is spec on rebuilding the US and abroad as well as a media play. RDN and GNW based on housing. (I'm a real estate guy by heart and trade), both companies should pop nicely as they build up capital and the rating agencies upgrade their credit (my thesis is by the end of the 1st qaurter 2014). In the mean time, I've been trading them and netting 3-7 percent per week. so no complaints. still WNR is a decent hold for this year, and i'm really curious to see how management is going to grow their operation.