The non-GAAP charges were $5.7M integration & acquisition expenses (one-time) and $9.3M earn-out expenses.
I am very pleased with the top performance this quarter. Also, they being so far ahead of the integration of PMFG bodes well for CECE. PMFG was so bloated. I can see CECE going back to 13-14 by early next year.
What am I missing? GBX opened up strong after earnings guidance and a large order. Then dropped faster than it opened up. I had to buy more on the drop back to 35. Is there any news that is negative today?
Sentiment: Strong Buy
I will never own ESV as long as current leaders are in place. In their January conf call they were bragging about their long-term contracts and implying that the healthy dividend was safe. They couldn't have been any more wrong. If senior leadership can't see 3 - 6 months ahead, that is scary.
Too many other national and local flooring suppliers will continue to take advantage of LL bad situation. Since there is no telling what the fallout in decline and sales and legal troubles, this is definitely a stock to avoid.
KKR with all of their investment experts clearly have made some poor investments and the stock is showing it. I think KKR still goes lower as they writedown more of their investments this year.
Eric clearly has a handle on Gencor's financial management and is likely an astute investor. His last trade in 2014 was selling stock after Gencor reached a 5 year high. Now he appears to have more than doubled his holdings. To me, this is a better buy signal than getting an analyst buy rating.