I doubt that this is the reason for the downgrade. More likely is that the stock has almost doubled since the IPO and more than doubled from the low. Also, $30 is a "mental" barrier to some and likely will pose some resistance, IMO.
WMB broke the secondary offering price of $57.00 and immediately dropped to 56.49, likely due to the flippers who got in yesterday at the secondary price and put in a stop at 57 to protect themselves. Then it bounced right back up. Classic.
Why would the underwriters be dumping now - at a loss? I do not think they would have taken the extra allocation unless they thought the company was in good shape. At any rate, today, tomorrow and Wednesday's trading is meaningless - just wait until earnings are released on Thursday, then we will have a better read on the stock price direction.
Hard to understand why this is down after all the positive upgrades/initiations. Sure thought it would be up today.
Stock should get a nice bump up this morning!
I think they are due out on Thursday, May 15. Anyone have thoughts on how good or bad?
Due to the low volume on this stock, earnings are likely to move it significantly.
Interesting comparison of the two companies. One thing I noticed is that the daily volume is much lower than that of PCTY. Any thoughts on why?
Doubt it will see $20 this week, as the volume is low today and it was priced below the original range (from Friday) on Tuesday. Will need some positive news to get it moving IMO.
"The Fresh Market still has plans to expand aggressively in California and Texas, despite a couple of failed forays into those states, the CEO of the upscale, small-format chain told investors.
“We decided we should just leave Sacramento, operate our stores that are successful in Palo Alto and Santa Barbara, and continue looking in Orange County, L.A. County, San Diego County, the Bay Area — those kinds of places,” Craig Carlock said at the Bank of America Merrill Lynch Consumer & Retail Conference in New York. “And we’re just going to leave Sacramento behind us.”"
Looks like Motley Fool is at it again. I just read an article on Whole Foods where they re negative on TFM! Wish they would make up their mind,
Review the Yahoo news on TFM and you will see 2 reports on TFM, one on Sat. that was negative and one this morning (Tues) that is positive. Unless I am reading these wrong, this does not make sense.
Both articles make some good points, but overall what is their position, positive or negative?.
I see that Fresh Market has updated its store list to reflex the announced closings. However, it still shows 3 new locations for the Dallas market and potentially 2 for CA.
Has anyone heard if these stores are going to be constructed and/or opened?
Sounds like they need a new research approach. New store forecasts and acquisition analysis is a bit of an art form, you really need some strong people to guide you.
OK - does anyone know how they now forecast sales? Do they do it inhouse or use a consultant?
Crazy price action so far. Up $2 plus on open, now down $1 plus.