This board is awfully quiet considering we came
in well ahead of estimates again.We achieved 42%
earnings growth and .57 a share compared to the .51
estimated.Company looks to be firing on all cylinders,I have been
adding to my position the last two weeks.With a
cooperative market we should get a continuation of the
breakout we had a couple weeks ago.Chris.
I agree with your observations. I see strong
strength looking forward. Stock has found a solid
range while we are in this accumulation stage. I think
we will have to wait for the next quarters earnings
the next major advance.
why has it been so quiet with rush ? has anybody
heard how business is going at rush ? what about the
big acquisition ? still to come ? any reason for the
low stock price ? comments are welcome. i own rush
Rush was ln recent issue of Individual Investor.
was featured in the Top 100 of "Americas
Growing Companies". Each stock was rated with a
up or down. In the case of Rush, it was
IMHO, I consider this to be a very
contrarian signal because I.I. tends to recommend
true dogs and passes over the hidden gems.
for pointing out the errors in my calculation.
The $2.4 million pre-tax is for six months not a
I don't dispute the strategy of growth through
acquisition -- I just didn't like the price they paid, which
after correcting my own error in calculation, still
represents a 40% premium over RUSH's own valuation.
Will there be enough operational synergy to justify
this premium? I guess only time will
i agree with sgk 44. rush has proven track record
to grow via acquisition. they have the know how to
run and to consolidate formerly independent
operations. it is good acquire profitable companies and much
better than a turn-around gamble. as a rush investor
from germany i continue to buy more shares and will
hold for a long period. rush for growth.
You have to analyze an acquisition based on
projected contribution to the bottom line after you
consolidate the two companies. If the fit is good then you
can reduce the overhead of the acquired company and
all of a sudden earnings can improve dramatically. I
hardly think you are in a position to criticize the
management of a well run company like RUSH. The only reason
this stock has not taken off is because of the
extremely small stock float. Institutions cannot be
bothered with a company that has 6.5M oustanding shares
and $90M Cap. If they took a reasonable size position
in the company they would own it 100% in a couple of
days. So, if YOU were running RUSH what would you do???
Personally, I would try to grow it quickly by acquisitions
that make sense. That's exactly what Rush is doing!
Furthermore, I think he is doing one hell of a job under the
circumstances! You have to stay with this stock for a while and
you will be rewarded. However along the way you will
have up and down bumps that are stricrly controlled by
small investor position changes which are emotional and
I attribute the recent stock weakness to the
acquistion announced on 7-22. I was curious to see how much
RUSH paid for the acquisition: $26.5 million plus $4
million as performance bonus -- all this for 2.4 million
of pretax earning! That's interesting because if
someone else were willing to pay that valuation for RUSH,
the stock would be over $40.
management is so hot on making a good investment, they could
have bought back their own stock.
that the deal itself means significant financial loss
for the company -- it just reveals that the company
is run by a bunch of boneheads.
Last I had checked there were 3 strong buys in
the research section. That recently changed to 2
strong buys and 2 buys.
downgraded, but I cannot tell who it was.
to have happened after the last earnings
With year end approaching and no upgrades apparent,
this stock may flounder back down to support at 10, at
which point it would be an excellent
Anyone have more info on the research ratings of this