Looking for a move over last weeks high by a considerable amount, this will let you stay in stock when earnings are released before market open on 4/8/2015, would like to see this security get over $9.35 by tomorrow's close. GLTA
as we tumble to the $25 mark.
Guidance is terrible as advertised.
It's all about the guidance and this guidance will get this stock down to $25 tomorrow.
Consensus for the 3rd quarter is 4.29 B-- eps $.77 Company said 3.85B--4.05B-- extrapolating EPS will be in the range of $0.69--$0.71 theres your trouble my friends, see ya at $25 tomorrow.
Durcan mentioned this briefly and caught a lot of investors off guard because normally the CEO doesn't mention this as early in the call as he did.
with this kind of beat this stock should be up over 10%, the fact that it is not is your TELL for lower prices straight ahead.
TAKEOVER this weekend.
I would say that this store is really close to buying merchandise on 5th avenue, same concept knock-off items that nobody has ever heard of, a store overstocked with JUNK, great concept that will end in bankruptcy just like Brainy- Zany, same to co -founders with that one, seems to be their M.O.
went in to the manchester, ct. store yesterday and talked to the store manager and she told me that when it snowed the store was empty and it snowed 19 of the 28 days in February, the store was well stocked but she told me her district manager wasn't happy, she had previously worked for Dollar Tree for 15 years so she is very experienced, EPS wii meet or beat, but the reason for this stock making 52 week low this coming week will be forward guidance which will be terrible at best.
which we all know guidance is much more important than EPS., because one tells the past and the other foretells future performance, in this case the fact that this companies stores are located primarily in the northeast region that had snow on 19 of the 28 days in February which will make forward guidance a nightmare of lower guidance which will cause this security to fall to a new 52 week low below $28.
WSM got hurt no matter what, FIVE which sells most of their mercy. from China will gewt hit even worse, WSM sells a lot of American made products and the port shutdown hurt them big time.
this security needs too test that recent low around 28.50 before any meaningful upside can occur, WSM which by far is the great retailer of today was hurt by port shutdown on West coast, what makes you think this company is immune when most of their goods come from China, earnings coming out on the 25th will disappoint. GLTA