When I read the news, I thought I could get a short in right after the halt around $30. When it gap opened below $10 I was stunned and went long instead. What a drop in AH. Low volume and low float contributed to the over done plunge.
Wow, talk about an ambulance chaser. ! Blueberry, this is old news. The fact they remedied the situation and were not delisted speaks volumes.
Sentiment: Strong Buy
PE and Forward PE (15 & 13) are good. The earning miss is slight. The low float+miss+resignation=exaggerated AH move.
AH is a great entry point. Nothing scary here.
44M short shares and huge revenue revision upward...not saying there will be a huge short covering rally....but shorts have to see a diminishing return on their position. Downside risk appears to now be gone.
Hagen....quiet for a while now. I am guessing that MDR did not drop as much as expected and you are now out with a small profit. Analysts starting to come out with positive comments.
I like the movement of the stock. Nice steady upward movement supporting volume. No huge spikes.
Looking at the chart, pullback at .82 was predictable. However, no resistance until mid .90s after .82 is broken thru. And then after that we are well over $1.
Hopefully you did not buy right at the open. But forward PE at 14 looks appealing.
Urban Outfitters shares should be bought on weakness, says SunTrust
Urban Outfitters weakness a buying opportunity, says Brean Capital $46
Urban Outfitters weakness overdone, says RBC Capital
Urban Outfitters shares should be bought on weakness, says BMO Capital
Baird price target $42
Piper Jaffrey, Openheimer, and JP Morgan have price targets $35-36.
So, analysts are all over the place. But general consensus are price targets above $35.
Geeze everyone chill. That was actually a pretty funny post after LL. Don't think he is short at all, just trying to be clever.
Looks like when the news got out, someone sold their shares at the market and has burned everyone.
With 19M shares outstanding, it doesn't take much to move. But wow what a move. The AH volume is only about 400k more than day volume. Sunk on bad news and low volume.