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C&J Energy Services, Ltd. Message Board

  • axil6969 axil6969 Oct 31, 2012 8:53 PM Flag

    Morgan Stanley had CJES estimate at .72c this quarter vs. .91 actual

    These guys continue to be wrong on the fundamentals of this stock quarter after quarter, appears they are always the lowest estimates and the biggest bear of them all. I wonder if they will actually own up to their mistake this quarter by increasing future estimates...I won't hold my breath.

    They also have 2013 EPS at 2.76, roughtly $.90 below current run rate. Makes no sense with the additional frac fleets coming online over next two quarters and what also appears to be close to bottom on margin pressures (with the big guys idling fleets). Oh, and imagine if gas starts to creep back up next year...

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    • They have been short through their hedge fund Manikay Partners. Alex Latushkin works for them and used to come on here talking about CJES as the $5 foot long. Once he was found out, he stopped popping in.

      In the end - it's actually good they are low as it brings the average way down on the estimates. Makes "beating" the estimates and easy task each quarter. So they do us a favor.

      Sentiment: Strong Buy

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