despite an earnings beat, a huge rally in oil, and a stock price that is already DOWN 45% from highs.
Classic value trap with a growing short interest and huge puts stepping on CBI's shareholder necks daily.
Only an aggressive management or a big shareholder revolt can save CBI stock from plunging back into the $30's with a P/E of 6.
and then DOWN!
CBI stock is just plain junk. Management does not care a single bit about creating shareholder value and the prof. shorts know it.
Desk...TARGET CBI and SHORT IT INTO THE GROUND!
Collapse into $30's is imminent.
Oil soaring, sector soaring, good earnings...ALL MEAN NOTHING!
Nobody wants to own this stock above $50. Option chain and short interest predicting another big decline.
Management is AWOL regarding shareholder value.
CBI may not trade above $55 again for years.
Look at July Puts....CBI is about to get CRUSHED!
Can you hear management yawning?
We can....Short at will!
CBI is undperperforming FLR and JEC by 20% & 15% respectively over the past 12 months while they both have P/E's nearly 2X that of CBI.
CBI is one sick stock.
This value trap is dead money for the next several months and possibly the rest of the year.
CBI should be up big today and yet the shorts are once again crawling all over it.
Any management team that is running a public company in this sector with CBI's fundamentals AND A P/E of 9 is not doing part of their job.
They need a HUGE kick in the a $ $.
Even we are surprised how weak this thing is.
Stunning to see the level of short interest and put options on a sub 10 P/E stock.
Management needs to get more aggressive creating/defending shareholder value or this thing is headed for another sig. decline no matter what the earnings are.
Stock would be trading at least 25% higher if the current management had someone forcing them to make shareholder value a priority (and there would be at least 50% less short interest).
Don't hold your breath....
to wipe CLDN out completely.
Dump it all now or hold and lose it all.
CLDN was a stock dumping sham.