Many more upgrades should follow.
Buy doesn't mean day trade. Buy from the analyst was based on fundamentals. Not technicals. Sure the stock dropped, and may drop more. But the Buy recommendation is still valid. The more it drops the cheaper it gets from a valuation perspective. Unless you have a crystal ball and can time a trade really well you buy when valuation makes sense. So quit yapping and if you are a day trader, well, good for you. And if you are a long term investor in this company then keep buying on every dip. And if you are neither, then STFU and go somewhere else to get your ego boosted!!!
Hey Miester,take a look at QUAD.Last earnings reported loss of -5.89.3 months before that it was about -7.69.They bought out World Color and went public.IPO was at 49.00.Estimated synergies 250 mil.I predict the loss drops to -3.00.I worked there 20 years and company was profitable every year except 09 and 10.Recently declared a .20 dividend.Debt just upgraded by Moodys.IBD actually rates financials better than RRD.This stock is lightly traded 100-300 share trades.Quad has been closing plants to better utilize plant capacity.Earnings 8/10.If nothing else jot it down and watch what it does.I WANT A DEBT DEAL.
Nice. It hit $12.22 pre-market. $15 target which is still less than Icahn's offer. I do like the comment about how MENT is well-positioned for cyclical rebound in this space. Shame I'm still short waiting for $8 on the reverse cyclical prediction made by someone on this message board last week. :) Let's see if this is the start of a rally or just a brief short cover.