I agree, however, it was evident alot of folks didn't take profits along the way, like me. Having bought at 53, I had an order to sell half AH Friday. Did not get filled, and suffered today. But I agree with everything that Cramer reiterated today on his show. Drones and future apps, like home door cameras. Just wait until they announce a deal with a big builder. With institutional under 50%, I bet they were buying all day long.
Lets see how HIL does in the coming qtrs. with the 25M cost reduction program. Todays stock reaction looks like analysts liked what they heard. 25M/year is roughly .50 in eps. Add .25 in eps from operations and you get .75 for earnings. 7.50 - 10 could be not that far off.
Co. beat on revs, also announced a cost cutting program that could save the company 25M annually, or around . .50 in eps. I'm sure it will be talked about in the call tomorrow, it is potentially big news and would force analysts to raise estimates going forward. I'm sure this is news to DC as well, so I would expect a higher offer as well.