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Lindsay Corporation Message Board

  • joetong419 joetong419 Dec 21, 2011 2:27 PM Flag

    LNN - price action

    Earnings (less than rosy) reported resulted in LNN price going off the deep end.

    Now appears LNN to be off its lows, with no big volume selling. Market specialist haven't a good time with juice money?

    A couple years ago held LNN in high 30s and got lower. Now wondering LNN's future for this small cap company.

    Return to 30s or better earnings resulting in 60-70. Mercy of farming and agriculture?

    May get a surprise in a couple years if earnings flat and get a takeunder price. Therefore, if you bought LNN when it once traded 100+, those were the lala days of reflection.

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    • I actually thought the numbers were pretty good. Beat on revs $119.4M vs $101.96 from 7 analysts. EPS, adding back in the one time give $0.57 vs $0.45 from 7 analysts. The one time charge was to cover 5-10 years of estimated costs.
      I think on the surface, it appeared to some that this was a so so quarter or even a miss on eps but I think this was misread.

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