I thought that we would see downgrades based on current price
Pinky - sorry that I wasn't clear. they have a hit of 43 cents and this is $15M pre-tax. What was expected?
In Q4, they had $3M of casualty losses. So this is $12M more than Q4, or possibly 35 cents more that Q4. Q4 was 63 cents earnings. So why do you say a loss in Q1? Revenue will be at least $140M.
seeking alpha put the story out after the shorts were in place. very nice more by the shorts. us retail investors took it in the shorts - ouch
SHORT MORE SHARES - DO IT NOW!!!!!!
I suspect that we'll see the share price under $7 prior to the earnings release. Anyone buying shares prior to the earnings release, please share your views why.
This is the fastest growing major pet food company in the US, with 6% market share of a $27 billion industry. 164 million pets in the US. double digit earnings growth projected for 2016 and 2017. Company just kicked off a three-year capital investment program to bolster its manufacturing and R&D capabilities. Lots of potential for sales and earnings growth