Classic dead end penny stock trading pattern that will end with $1.
ARWR is just another DNDN.
THIS IS CONFIRMED!
Sell now and move on or get crushed again.
IT WILL HAPPEN!
"At the moment, there are a few notable names developing hepatitis B compounds, including Arrowhead Research , which is developing RNA-interference candidate ARC-520. Although interim phase 2a data failed to impress Wall Street , the company is testing its drug at higher doses in the hope of seeing better efficacy. We should know a lot more about ARC-520 in 2015, but for now, results are not promising."
ARWR IS DOOMED!!!!
Sell now or get crushed again.
"Engineering & Construction stock decline overdone, says Sterne Agee
Sterne Agee says that the decline in energy sensitive Engineering & Construction stocks has been overdone. The firm says that the stocks' current valuations appear to be supported by visible backlogs and new order flow, favorable downstream, dynamics natural gas monetization, regulatory-driven trends, and liquid financial profiles. The firm keeps Buy ratings on Chicago Bridge & Iron (CBI), Fluor (FLR), and Jacobs Engineering (JEC)."
Another downgrade...The street thinks management's numbers from just a couple of weeks ago are a complete LIE!
Get ready for the lawsuits.
CB&I management will do a complete 180 at the next earnings CC and blame the price of oil on the weak report and then slash estimates (and most likely suspend the dividend).
You missed the point....WHO is funding the majority of CB&I's foreign projects and from what source do they get most of those funds that drive their spending budgets?
State run oil/LNG companies budgets are going to get killed with the slide in oil.
CB&I is getting killed.
Stock is going to get cut in half again from here and then we will see who is laughing.
How much of their business is FUNDED by foreign oil company budgets/profits is the real question.
2015 earnings will make management's estimates/statements from a few weeks ago look lawsuit worthy.
CBI is going MUCH lower and is just now entering the full distribution mode with 10's of millions of shares still to be dumped.
Any recovery in the stock price will take many years.