I think a reasonable person could argue that there is sufficient support at $5 to go long at this price, at least you know that $5 is pretty much the worst scenario at this point (last Friday intraday we hit $5.17 for a low, so practically speaking $5.15 or so would be a logical place for a stop).
I am dipping my toes in here. I think it is time to test the waters.
Down 4% on no volume. Ouch!
Not happy with the drop, but at least the bottom held.
"A little bit" The institutional investors punished BWEN not only for the miss but for the earnings call. When Kushner she’s coming off of her initial estimate on the Red Wolf acquisition operating expenses increase of $4 million to $5 million “ just a little bit” . Wall Street does not like qualitative phrases like “ just a little bit”. Small words can convey a range of things, in this case, uncertainty. I think that Ms. Kushner was a bit clumsy in her address and was likely just as blindsided as many of us with the reaction. The good news is, a few bid orders will settle nerves and bring back value hunters. BWEN will bounce back on fundamentals. The enterprise multiple for BWEN has skyrocketed with the sell-off. So, I am sitting tight, having a big enough position in this one already.
Zacks Rank less than or equal to 2: No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market.
Broadwind Energy, Inc. BWEN owns, supports, grows and strategically positions companies that manufacture, install and maintain components for the energy industry, with a primary emphasis on the wind energy sector. This Zacks Rank #2 stock has expected year-over-year earnings growth of 400% for 2017.
I'm going to let this thing settle then load up
I'm guessing low 4's now. I can't believe it.
No bottom yet.
Nervous Nellies are taking their profits before earnings. I am holding out for tomorrow, come what may...
Here comes the bounce. I hope you bought on my advice before the bell yesterday and get your 10% ROI. BWEN looks strong, despite a narrow miss on earnings. the res of the year looks strong, especially with natural gas coming back. What did I tell you about the nervous nellies ???
In the short-term BWEN does not seem to be like a good trade. if you guys have questions you should ask awesomestock-s. They often respond to my emails which is helpful.
I think it will drop another dollar (at least) , by the end of Friday closing.
Looks like Earnings were leaked out today. and BWEN must of lost their shirt last qrt. ?
I like how when we are all buying we don't post anything. :). At 2.5x pro forma ebitda of $40mm. I Load up all day.
11.4% margins in manufacturing is pathetic. Distribution margins are better. Cutting your way to prosperity never works. Never has an never will. Once again we see pathetic leadership in play. This Company has no fundamental strength and when there is a note to review a reconciliation between non-gaap results and GAAP results makes me a bit nervous. Especially from leadership that doesn't have a great track record when it comes to integrity in financial reporting.
OK - I'm buying on this incredible overreaction.
Why has a stock that outperformed projections for the latest quarter dropped so much the last few days, just prior to and after the quarterly report was issued?
$7.32 might be support moving forward. If it holds I'm in.