Slight revenue beat EPS miss bracketed the FY 2015 for both EPS and revenue so a little mystery there. Overall OK is it good enough to get back to the high probably not but it probably will keep the shares between $7 and $8 a nice trading range for now. I said a few days ago it would retest that $7.02 then buy it hit the $6.90's for two day and now the mid $7's for now. The question is....is this as good as it gets for now? I think the economy will dictate that answer.
They say nothing for three years now, destroy the business with some help from the EPA and when the stock gets near $4.50 they finally comment on the new EPA guidelines release today. It's nice that their alarm clocks went off today. It's like having Rip Van Winkle running Walter.
Remember who upgraded...Mr. Woo the guy who downgraded MU on March 28th, 2014 to $19.10. You have to do your own research because if you follow these guys like people did in 2008 you will be shopping at the food pantry.
I watched the video now you have to consider this was back around November 2013 and LL is or was a growth stock and when growth slows or stops they usually get killed quickly. You have to remember Cramer is there for Cramer's ego and his old hedge fund pals who I believe get tipped off in advance when he does his rants about specific stocks. He does get some stocks right but there is also a long list of Cramer pumps that have collapsed (SHLD, DMND,JSDA etc.) not long after his pumps. Of course he will only remind viewers of the ones he gets right. My favorite part of his show is when they actually allow a caller to get through who bought one of these stocks after his recommendation and is now so far under water and asks him what should they do. He always has a dumb look on his face and usually replies " that's not working in this market". This is the main reason why nobody should tell an investor to buy anything without doing their homework. What Cramer forgets is most of his worshippers buy and hold and can get hurt doing it. If you listen to him and buy growth stocks you had better be nimble and aware of when their earning's dates are to get in and out. Bottom Line Cramer is a clown and that's why he continues to get hammered on social media.
Don't underestimate these jokers I would bet their will be neutrals to outperforms. The misses were actually very slight especially the revenue and the in store numbers were positive. These guys would upgrade Radio Shack if you give them a reason.
I posted that earlier too after the Fast Money interview. I give Cramer credit for one thing many investors and traders do not listen to conference calls or read earning's releases. What Samsung said should not hurt MU it was Goldman that accentuated the fall. I would bet GS was shorting this morning and buying near $30.
A mixed bag kind of but they did beat on both EPS and revenue slightly while still spending to build out the network. So overall not bad it definitely could have been worse. The next catalyst is the September merger possibility.
Obviously not the right thing. A good report would have had shares $3-$4 higher with possible positive momentum. Status quo here meaning the same dividend and the same attacking boards is not working anymore. They should be bumping up the dividend and buying back a large amount of shares if they cannot do their job anymore. He can no longer point fingers at boards and moan about how bad management teams are until he takes a look in the mirror and gets his own house in order.