Let's hope. Q2 numbers were awesome. But they cautioned about normal seasonality and shutdowns in Q3. If they've started seeing some sector weakness on top of that...Q3 may not be too hot. I'm guessing they'll barely exceed the .32/share earned last year. If that. And they might offer cautious comments about Q4 too. I really have no idea if CMT will be back over $20 or drop below $15 when they report in early November.
Weird action the last 2 days. Panic buying into the close yesterday. Panic selling into the close today!
Very strong close! Wonder what's up? As others have noted, trucking numbers have been terrible lately. NAV and others suffering. I think CMT is a great company, but not sure how they can resist getting dragged down too when the sector is so weak?
I suggest you look up the difference between investing and trading.
And again I ask in all your infinite wisdom, how much money did you make on FORD today?
Any stocks you actually own? Or are you one of those people who hangs out on a message board just talking smack about various companies. Never brave enough to actually put his money where his mouth is. Go ahead and short FORD right now if you dare!
Oh and I never said they have no debt. Funny thing is even though the 10Q revealed that the earnings were mostly smoke & mirrors and the stock should drop hard tomorrow...it has so much momentum it will probably go up anyway. Company could be facing a number of lawsuits for not disclosing the 1-time gain in earnings release this morning. So much for having all the legal stuff behind them.
The 10Q was released after the close! When it reveals that the earnings were almost entirely from a 1-time gain, I change my mind. What do you do?
Yikes nice find! Sorry guys looks like there was $400K in 1-time income in the quarter from an insurance recovery. That wipes away almost all of the earnings. Surprised the stock is up AH. I was happy to sell mine.
General and Administrative Expenses
General and administrative expenses decreased $0.6 million, or 62%, to $0.4 million in the 2015 Quarter from $0.9 million in the 2014 Quarter, due primarily to the following:
$0.4 million insurance claim recovery related to the lawsuit and subsequent settlement with the former CFO;
$0.1 million in savings related to the vacancy of the CFO position during the quarter; and
$0.1 million combined reduction in legal fees related to the defending the derivative lawsuit filed against the former chairman and directors, reduction in occupancy costs due to the closure of the NY office, and a reduction in professional fees for consulting on potential acquisition attempts in Q3 2014.
Ha sounds like someone missed out on the party today! Are there negatives? Of course. Declining revenues and "daily" margin pressure are the main negatives here. But the stock could still trade in the $2's (or higher) IF they can sustain earnings of .06 per quarter.
Stock was languishing most of the afternoon. Then surged into the close. I tried to tell ya! :)
Guess for tomorrow? I saw we gap up and maybe hit $2 before pulling back. Hopefully market is better.
People who saw the earnings turnaround this morning. Earnings of .06/share, plus over .50/share in cash on the books, makes this a $2-$3 stock. At least.
Big turnaround last quarter with earnings of .06/share. Strong balance sheet with over .50/share in cash. FORD could double from the $1.20's and STILL be undervalued!
FORD deserves to be up sharply today. Okay $3.90 this morning was a little nuts. But huge turnaround here with earnings of .06/share. Plus they have a great balance sheet with over .50/share in cash. My guess is FORD will make another run to the $2's in the coming days. It should be trading at $2-$3 with this combo of earnings & cash position.
Not many Nasdaq stocks in the $2's that could start posting .15-.20 in quarterly EPS (after the acquisition). If there's others, please list them! p.s. Also wouldn't mind hearing about some of your stocks that are a "sure bet" :)
Only a matter of time before MOC gets that monster $250M 10-year contract with USPS. MOC wants it, the US Post Office wants it. It's going to happen (I mean this is America right?). Whether it takes a month or a year...who knows. But when they announce that contract is finally approved, MOC is going to rocket back over $3. We're talking a 100% gain from here. I can wait awhile for that.
Nice post! I'd also factor in their rather significant cash horde into your price target. BSQR should be sitting on over $2.50/share in cash by yearend. When this stock is over $10 in a few months, people will be kicking themselves for not loading up in the $6's imo.