You're part about the March traffic numbers is correct but the grossly overvalued comment is way off base, he said no such thing. Myself, as an investor, I'm not worried about one month's traffic numbers and refuse to sell one share until I get at least half a market multiple.
Better watch out, now trading at a whopping 5X earnings. I'm sure some jerk analyst will downgrade on another imagined price war.
same thing is happening to me with Cox, I was allegedly locked in and the price went up with no notice. That's OK, within the next decade they'll all be toast, see today's Apple news
Prior to this, Goldman had a neutral rating on a stock that is still up close to 40% over the past 3 months. In other words, they were WRONG and have zero credibility.
momentum players, bailing since the start of the year, oil price stabilization, weather concerns, alleged price war, blah, blah, blah. Nothing but a bunch of short termism. Demand will pick up and capacity will only grow slightly. If oil has bottomed, it's probably not going much higher. Look for another increase in the buyback if the price remains depressed.
I'm sure Tepper knew results wouldn't be bad when he was accumulating. I can't believe the stock didn't rally the day of his disclosure.
not to mention, this is what nearly all companies in the age of SarbOx when you can be sued or even jailed for making overly optimistic forecasts.
American Airlines Group (NASDAQ:AAL) was downgraded by equities research analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday. They currently have a $66.00 target price on the stock, up from their previous target price of $55.00. Cowen and Company’s price target indicates a potential upside of 28.63% from the stock’s previous close.
Every report I read said the price target was raised to $66. So it was a buy yesterday with upside to $55 and it's a hold today with upside to $66, brilliant.
Oil/LNCO up, more importantly, a recent outbreak of meningitis at Yale has been traced to a diner at Sally's Apizza
first we get hit by oil prices, now it would appear we are getting hit by this blip in the 10 year still trading below 2%. Mindless algorithms at work.