1cent more to break $3
Do not ever underestimate the power of technical analysis. Charts show them all. MACD has crossed signal on the way down, RSI sloping down from top. $16's soon.
Sentiment: Strong Sell
Read the report again: TOO OPTIMISTIC and set to fail.
We will know next month when the earnings report is released.
Commenting on Newport's outlook for 2014, Mr. Phillippy said, "We have gained momentum in recent quarters, and ended 2013 with our strongest financial performance of the year. While this recovery has not yet occurred in all of our end markets, input from our customers gives us confidence that business conditions will continue to improve throughout 2014. Based on this input, our record backlog and the new program wins we have captured, we are increasingly confident that we will achieve significant year-over-year sales and profit growth in 2014. In the first quarter of 2014, we expect increases in sales and profit compared with the first quarter of 2013, but reductions on a sequential basis due to the normal seasonality in our scientific research market and the sale of our MRSI business, which represented $4.6 million in sales in the fourth quarter. We expect our first quarter net sales to be in the range of $141 million to $147 million, which would reflect an increase of 6% to 11% over the first quarter of 2013. In addition, we expect our non-GAAP operating income and non-GAAP earnings per share in the first quarter to increase significantly compared with the prior year first quarter, due primarily to the higher level of net sales.""
The industry is slowing down now. All the effect of sequestration. The management will be struggling to make the numbers. Too aggressive and to high. The next earnings will show it all. Buying May puts is the best move. IMHO.
How much money that Merryl Lynch lost? I do not trust ANALyst. They just blood suc**** in the market.
Yes, anyone selling is just putting a rope in the neck. All the indicators are there for HERO to go back up to $7 where it belongs. Target is $7.39.
Sentiment: Strong Buy