I added to my positions in Birk and Mayors Jewelers BGI at 1.47. This is turnaround that should be reporting a profitable year after years of losses. Christmas same store sales were up 11%. My sell target is 3. https://www.createspace.com/4694499
Great news. Q4 earnings rose 15% ex items to 3.07 and full year earnings rose 12% to 10.55 ex items. Book value rose to 77. They are buying back stock at a furious rate removing 19% of shares the past 3 years. They raised the dividend by 10% to now yield 2.1%. I am raising my sell target to 132. https://www.createspace.com/4694499
Good news. Q4 earnings rose 8% ex items to 0.71 and full year earnings rose 18% to 3.35 ex items. They raised the dividend by 4% to now yield 4.7%. They forecast earnings growth of about mid single digits. The growth rate is clearly slowing due to the price wars by T-Mobile, but it won’t last forever because T-Mobile lost nearly 100 million in Q3. I am lowering my sell target to 64. https://www.createspace.com/4694499
United Rentals URI 87 – Great news. Q4 earnings rose 38% ex items to 2.19 and full year earnings rose 41% to 6.91. Debt declined slightly. They are buying back their stock. They said the downturn in oil will be only a slight net negative and they forecast blowout earnings for 2015 up about 25%. I am raising my sell target to 106. https://www.createspace.com/4694499
Q1 earnings rose 28% to 0.61 ex items. They forecast a great Q2 with earnings up about 25% and full year earnings up about 21%. Debt declined significantly from 715 million to 501 million the past 3 years. They say they will continued to aggressively pay down debt. Net debt per share is now down to less than 10 dollars per share. At the rate they are going they will be debt free within 3 years. My sell target is 39.
What was Q4 Non-GAAP EPS Guidance from Conference Call?
Can someone please explain what holds this stock up? Another horrible quarter and back in the red again. Backlog is still horrible, at the lowest levels since 2004. Earnings peaked in 2012 at 2.56 ex items and plunged to 0.45 in 2013 and looks like they will plunge again to about 0.30 ex items this year and with poor backlog no turnaround in sight and yet the stock keeps going higher and higher.
you are getting killed shorty, move on to another losing position, LOL
a little advice from someone who has been doing this 24 years. When the headline is "Record 2013 revenue" instead of "record Q4 revenue" it means Q4 was lousy and they are trying to hide the lousy Q4 by just talking about the whole year. Not only that the company didn't even mention Q4 revenue in the press release. This is always bad news. Now if the company had been honest and said "Q4 revenue was down slightly due to XYZ special circumstances, but revenue growth will resume in Q1 it would be better. Also note they failed to explain why earnings plunged from 0.12 in Q3 to 0.03 in Q4. This is not growth this is severe decline with zero explanation. You cannot trust a company like this, so I sold after hours.
huh? great guidance? there was no guidance other than a generic "continued growth", but what is continued grow when Q4 revenue was actually down and they were barely profitable with .03 EPS compared to 0.12 for Q2. That is not growth, that is decline and I baled after hours at 2.9.
Yes I am technically long with about 3000 shares "tied up" here. But I have faced the facts, it is over, that money no longer exist. Do you really think if the company actually exists, it would take more than 3 months to prove they existed? We were suckers for a pump and dump scam and got taken, that is why I diversify and it was only 2% of my portfolio.
Hi Makemy, first time on the board since we were halted months ago. Just checking back to see if it had been delisted yet. I can't believe you are still thinking this stock will ever trade again. I told you months ago, it would never happen, the next announcement would be the nasdaq saying they have been delisted. Face it we got taken and lost 100% of our investment. L&L doesn't exist and never did. I am a little smarter now, if not a little poorer.
Not a basher, just stating facts. The company provided zero guidance on the new drug, not a good sign. Many analysts have outlandish predictions for the drug (not backed by the company) and say they could earn 3.10 per share this year. Even so, the stock is selling at 25 times earnings compared to the market as a whole selling at 15 times 2014 earnings. Other analysts say the new drug will do well but for such a big company not drive earnings as much, and they say they earn only 2.15 per share this year. If so you are talking about a company selling at 40 times earnings that will only be up 10% this year. Who is going to be right? You must guess as the company provided zero guidance.
Yep ignore reality
2010 non-GAAP EPS 1.93
earnings are up 5% over the past 4 years from 1.93 to 2.04 and yet the stock price is up 466%. You really think this disconnect from reality is going to continue? Good luck with that one.
You are all idiots. from their Press Release "Non-GAAP net income for 2013, which excludes acquisition-related, restructuring and stock-based compensation expenses, was $3.45 billion, or $2.04 per diluted share, compared to $3.08 billion, or $1.95 per diluted share for 2012."
160 dollar stock divided by 2013 earnings of 2.04 = 80 times earnings, ok so it will only take 80 years to break-even and get my money back, I will only be 130 year old by then.
90 times earnings for a stock that has grown earnings 5% total the past 4 years. Yep makes perfect sense to me. I would buy a business that it would take me 90 years to get my money back.