So the company's management screws up big time, and the shareholders take it in the shorts. I hope that their bonuses are reduced at least for 1 year.
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
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.
SHORT MORE SHARES - DO IT NOW!!!!!!
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
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.
I thought that we would see downgrades based on current price