The only profit taking now is the smart shorts that wont give it all back. What moron don't get the digital revolution of the micro devices. WHO cant see the massive cloud storage data centers. EVER stream Pandora or internet movies THATS storage. NOW it goes to many 99SMALL))) devises -every where. Then there is SKYPE and social media. Shorts are clueless and got major lucky as earnings were down. NEW STORAGE better margins, and new devices could hurt the shorts.
Im with you there. This is the turn for the industry I feel. We could make some real money here in the long run. It not uncommon for the momentum traders to be out in a couple days. I momentum trade from time to time also. This has a long way to go before the trend dies.
JUST the usual flipping from day traders to institutions and longs. Most institutions cant even buy yet. Micro cap funds are buying. The industry has a long way to go to repair the damage and a long run for the shares is coming.
“After disappointing results in the first and second quarters, investors oversold these stocks,” Bernabe said in a phone interview. “The job market and income levels in Brazil remain strong despite the slow growth of the economy.”
Some homebuilders are revamping strategies to lessen their dependence on homes for lower-income Brazilians and leaving regions where demand is weak after overestimating the profitability of government-subsidized projects aimed at building 3 million houses for families earning less than 5,000 reais a month.
Cyrela Brazil Realty SA, Brazil’s biggest homebuilder, added 2.6 percent to 16.90 reais. Gafisa SA (GFSA3) rose 4 percent to 3.37 reais. PDG Realty SA Empreendimentos e Participacoes, the second-biggest homebuilder by revenue, added 2.1 percent to 2.46 reais.
Brazil’s unemployment rate fell to 5.6 percent in July, its lowest level in five months. Economic growth accelerated to 1.5 percent in the second quarter, or an annualized 6 percent. ........ .By Denyse Godoy - Sep 6, 2013 12:21 PM ....... Gafisa advanced 3.2 percent to 3.20 reais at 1:59 p.m. in Sao Paulo, the biggest gain on the BM&FBovespa Real Estate index, which added 0.9 percent. Shares of Rio de Janeiro-based PDG Realty SA Empreendimentos e Participacoes (PDGR3), Brazil’s second-biggest homebuilder by sales, rose 2.6 percent to 2.36 reais.
Home construction climbed 20 percent in the first six months of the year to 65,000 units, “boding well for cash generation and margins normalizing at higher levels,” Guilherme Vilazante, Daniel Gasparete and Carlos Peyrelongue, analysts at Bank of America, wrote in the note dated yesterday. “The market still largely downplays this turnaround.”
The bank raised its recommendation on PDG to buy, making it one of the top picks in the industry along with Gafisa.
Bank of America also increased its recommendation on Rossi Residencial SA (RSID3) and MRV Engenharia e Participacoes SA (MRVE3) to hold from sell. Rossi gained 3.1 percent to 3.01 reais. MRV added 2.6 percent to 9.
Investors could be in for a rebound from an over sold state soon. The bonds are rallying and the stocks recently have seen volume and movement. Could this be the long awaited bounce. Many think so as this could be the solid earning investors have been looking for. Earnings announcement for HXM: Oct 22, 2013
Desarrolladora Homex is expected* to report earnings on 10/22/2013. The report will be for the fiscal Quarter ending Sep 2013. According to Zacks Investment Research, based on 1 analysts' forecasts, the consensus EPS forecast for the quarter is $0.34. The reported EPS for the same quarter last year was $0.69.
I would think we would be getting some news as the stock has been running for the last month. I like the trend and would think some body knows what's going on and buying.
BlackRock Institutional Trust Company, N.A. 2,169,610 3.52 5,792,858 Jun 30, 2013
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The company is very over sold still............. ITS the biggest and the best China has to offer. It will make money in America also. People will kick them self in the butt for just watch it climb back and not buying. Most the negativity now will be side lined fools. Look at the size of this thing. Now imagine it priced right?
the stock is set to double again. The money left the stock for dead. The same was said for banks and the home builders. Now people have another opportunity.
company that is more connected to APPLE and FACEBOOK! NEW DEVICES daily hit the streets that need storage ........... SORAGE in the watch that connects to the cell phone that connects to the cloud to DATA centers that reverse the interactive app. COME on bashers do you think like a cave man?
what else is a bed bound 95 year old going to do? He has never used a cell phone and cant remember any thing after REAGON was elected. He's still president and Apple was something he ate. SHORTMOMO needs to upgrade to a cell phone not alone GOOG Glasses. That's something you drink right SHORTMO!
Its been one of my best two weeks since 2000 ............................... I wish I wouldn't have said that. In 1999 I was in 100% technology- today I have 1/2 my stock in down and out OIL, world housing, and shipping. I am bottom feeding and doing well lately as I sold most half my solar.
- In the first quarter of 2013 the company made changes to its business plan. SandRidge's new CEO James Bennett stated the company will focus on drilling its most promising oil and gas properties while running a tight fiscal ship. David Clark came up with many positives-
Catalyst and Driving force for oil 1) Middle East tension and chance for oil supply problems 2) Shares have fallen towards levels where we would like to see support 3) The company's vision for the remainder of the year and through 2014 is to continue to capitalize on its position in the Mississippian play where SandRidge is undoubtedly the best operator. The company has the lowest cost, the most infrastructure and a highly attractive leasehold position.
4) advances in technology have unlocked vast new reserves Mississippi oil lime play, Alaska North slope discoveries, Mid-Continent, Permian Basin, Gulf of Mexico, West Texas Overthrust , oil-rich Permian Basin and Gulf of Mexico. 5) SandRidge and its subsidiaries also own and operate gas gathering and processing facilities and CO2 treating and transportation facilities and conduct marketing operation 6) Lariat Services, Inc., a wholly-owned subsidiary of SandRidge, owns and operates a drilling rig and related oil field services business 7) To be effective in the Mississippi play requires size and scale, contiguous acreage position, infrastructure and low costs, all of which SandRidge has.
8) With healthier balance sheets cushioned in part by diverse operations the play looks undervalued . They have also seen a Improving Well Performance. Efficient Use of Capital Expendituresas they are drilling more wells with approximately the same amount of capital.
9) Sept 2013- SandRidge recently easily beat estimates for second quarter earnings and revenues.
10) High Grade Drilling Focus
SandRidge high graded its drilling program to concentrate on a six county focus area. This area is where the company was seeing more consistent results and can better utilize its infrastructure. This year the company anticipates 90% of its drilling will be concentrated in these areas where it has 925,000 gross and 615,000 net acres and approximately 3,000 drilling locations.
11) In each of the last four years, SandRidge's oil production increased by 13% or more per year. 12) Mississippian Production Growth
SandRidge entered its Mississippian position in 2010 and has emerged as a dominant operator in the play. The company continues to make significant improvements, exploiting its knowledge base to create better returns.
13) The company's Mississippian Lime play generated 88% more oil than the previous year. SandRidge also brought 111 new wells online in the second quarter of 2013. 14) Its cost per well dropped from $3.1 million to $2.95 million and its cost per barrel equivalent declined from $14.93 to $14.03 in the past 12 months. COST Controls- SandRidge also has wastewater disposal and electricity infrastructure in place to further minimize expenses. SandRidge claims its efforts to "thoroughly understand" the Mississippian Lime play will allow it to increase production without increasing capital expenditure.
14) The company's continued diversification into oil, which is only beginning to reap benefits, is a good sign for this small growth play. 15) SandRidge Permian Trust is a trust formed by SandRidge Energy, Inc. to own royalty interests in 509 developed oil and natural gas wells located in Andrews County, Texas, and 888 oil and natural gas development wells to be drilled within an Area of Mutual Interest (AMI). 16) As of June 30, 2013, Sandridge has drilled 581 wells and they are obligated to drill a total of 888 wells within the AMI by March 31, 2016.
16) SandRidge. , 55% of its Mississippian Lime production is natural gas, yet the company derives 80% of its revenue from the 45% of its production that's oil-focused. Bottom line: Higher natural gas prices means higher revenue and earnings .
What's most impressive about SandRidge is that it is able to leverage its small size to achieve well costs and production numbers on competitive acreage similar to its much larger peers. 17) industry leading margins, SandRidge is set to grow and reward stockholders who get in now, while the stock is undervalued.