A companys performance is measured by the previous years quarter in which they posted a 63 cent profit and beat expectations whereupon this year they posted a 1.04 profit meeting expectations and beating last years performance by a whopping 65%. And to top it off they gave good guidance. It is a manipulated mid cap that hedgies regularly make 60% by shorting and then going long. End of story.
Rewrote the investing book huh? Fundatmentals don't count anymore and only BS rumors do? Man are you one sadly deranged individual. Hold on to that short position (doubt that) and let's see what happens in the long run. You got lucky on one short drop and claim hero status. The guardrail business is only 5% of the total and the drop has been 50%. See if the math works out there genius.
It's a highly predictable trading cycle of which we are at the low point (good buy in) IMO. The uptrend is still intact. I am overweight and not worried.
brainboy, you are a known short and only respond with FUD when there's a storm brewing. To utter such insignificant banter becomes you. The FEDs have yet to disclose to anyone. It's Bloomberg. Prepare better rumors for more believable results.
While the info you state is correct, the source is from an attorneys page (or at least where I googled it). The article was conveniently re-released from a 3/25/2015 13Newsnow release only 2 days prior to earnings by who else? The National Enquirer of stock reporting Bloomberg not to discount that the report is indeed out there but making a point of the manipulation of the PPS and the malicious nature of the accusers. My twist on the whole episode is that some people with larger than life ego's will never take responsibility for being wrong after having gone on the record to state their case publicly. It's a stain on their reputation when they are wrong and even more so than if they defend a bad position. "Well, we were just making sure they were really safe". It's an easy out for the senators who's concern is a much larger voting public than such a small group of investors and 6B company.
What they downgraded it for was not even a 5% drop and that was just a possible on a stock with a huge backlog, low pe, and great forward growth. Time to load up - I did and thanked the sellers.
I value your logic ban mate, but the long and short of it is that we still have FEMA after they botched Katrina. They operated under the established guidelines just like the court did when they found OJ innocent. To overturn or debuke a government institution means we have an overall bad government, So, if history repeats as it should, the system is tweaked and the by gones are on their way. End of story. We've even elected presidents without popular majority for heavens sake. This is a witch hunt and nothing more with the exception of the quality of witch hunters.
Even better Jim, why aren't they suing Bloomberg for defamation by rehasing old info? And another politcal question - don't our elected officials have something better to do like address the long avoided question of human trafficking?
As you so aptly stated on an earlier post jim, "either this judge does the right thing or another judge in a higher court does his job for him and rules based on the conclusive evidence". Of course I tweaked it with my wording. But to have ruled with the monetary judgement is so irresponsible it is obviously an emotional rather than logically based decision and why it took him this long is inconceivable.
They still have yet to whittle on the 6 B backlog due to the retrofitting which adds to said backlog and is the reason for the expansion facility. I am way overweight and won't think about selling until the forward PE reaches around the 10 area.
I've been trading the swings but keeping my core for the simple fact that bosse72 says - Once that short train leaves the station, there won't be many rest stops. There should be at least 2 consecutive 4-5% up days. IMO Good luck 4/30 (the draft) and on your trades.
This same information was released on 3/25/2015 by 13Newsnow. If Bloomberg were reputable, why would they release it again, nearly a month later and 2 days before earnings? Not being hostile, just stating a fact. And this is not the first time this deparate for subscriptions company has time released articles. They are bed fellows with a hedge company with large short positions. They used to be reputable but have changed. BTW Reducing exposure is prudent in a lot of situations.
Here's a thought - Can you imagine how much material has been generated to document 15 years worth of ET Plus testing? A least 2 pickup loads would be a very conservative guess knowing how well they have to be documented. I've seen government investigations where they use the documents for footstools for a few weeks/months and then kick them out with a clean bill of health. This dog and pony show simply lets the politicians wash their hands.
I'm way overweight with a 2 month target of 65 which I feel is a very conservative target. An 80 by year end is what I consider a cake walk. Haven't you heard? There's M/A bucks floating around for the premiums too.
No volume - no news - no worries. Look at the one year chart. Forms a near perfect cup with the handle basing at 8. I'm still waiting for my whiplash.
Exactly egbuyer. The short position is such that it has yet to cover and we all knew or at least suspected that there would be at least one more short attack in attempt to reload. The short interest has basically remained unchanged even after the FHWA tests and the strategically delayed Texas judge's decision. There's just too many politicians with egg on their face to quit now so they basically say they, "didn't inhale".