Good, I'm looking to reload. That said, when you've been down on gold, I've found it to be a good buying opportunity. So, from $2.86 and below, I'll be aggressively trying to once again, build my trading position.
I sometimes try to catch a falling knife, other times, I watch to see a recovery, and would rather buy for more when there's signs of a recovery, and a trend, that's UP, jack#$%$.
I've been watching GNW for a while now, and just decided to start nibbling at $3.60, as I begin to build a position.
MDR had a fantastic Q1, and I expect the market, to likely soon take notice. This is going to be a LONG term hold overall for me.
This company appears to have successfully turned things around, having crushed estimates this last Q. With additional contracts coming in, and eps estimates raised for the year, this is an incredibly STUPID stock to short. One to buy on the dips, ACCUMULATING a LONG position, imo.
Sentiment: Strong Buy
They actually EXCEEDED most expectations: McDermott International Inc. (MDR) on Thursday reported a loss of $2.2 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 1 cent. Earnings, adjusted for asset impairment costs and restructuring costs, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The maker of offshore drilling platforms posted revenue of $729 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $670.4 million.
I might buy back in to IAG, if it falls significantly from here, hmmm, between say $2 - 2.50, and not likely any more. Letwin never seems to produce imo. It looks like it topped and could possibly roll over more from here, we'll see ...
Seriously???! I don't think that anyone was doing any high 5's, with the latest "earnings" results. Oh, well, there's always next Q (where they damn well better start performing, with the POG having moved decidedly up).
Perhaps, but I was up from my most recent buys, and never regret taking profits, wherever they develop. Had IAG run a bit today, I would have held, and let er' ride. But now seeing revenues where they came in at, as well as AISC as you noted, I'll rest easy with having had my stop losses in place, no matter whether this goes up, or down. I agree, it's undervalued, but unfortunately, from what I expected (profits at this point), it's also under performing my expectations. Again, if it dips, I'll buy, but am fine with cashing out, for the time being.
I bailed today at $3.28. I didn't like the way that the stock was trading, and these results kinda' confirm why imo. I'll be adding to my MDR position as it dips. Their earnings come out the 5th, and imo, they are likely to beat, with actual EARNINGS. We shall see. If IAG revisits the low $2's, I might jump back in, hoping that they do better next quarter, but if I miss out, so be it. As others have said, they need a change of CEO's imo.
I dunno' bout' anyone else, but I'm looking for yet another, healthy earnings BEAT! We shall soon see ...
I sold my trading position today, at $3.48 (resistance). so watch, it'll probably run. :) I still hold my core position tho, and will buy more on any dips.