May 06, 2011 (SmarTrend(R) News Watch via COMTEX) -- Compass Diversified (NASDAQ:CODI), which was in the red a year ago, is expected to turn a profit this year according to analyst expectations. In the last fiscal year, the company lost $0.57 per share. Compass Diversified is now estimated to attain profitability and earn $1.04 per share this year, based on 46.7 million shares outstanding.
Compass Diversified is currently trading above its 50-day moving average of $15.36 and should find resistance at its 200-day moving average of $16.18.
SmarTrend is monitoring the recent change of momentum in Compass Diversified. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Compass Diversified in search of a potential trend change.
Thanks for the note..I'm glad that CODI is moving into the black. My reason for being happy is that presumably CODI can either IPO Staffmark or sell one of the other profitable divisions, e.g. FoxShox, for a ton of capital gains. At my tax bracket level capital gains are much preferred over taxable earnings!