Aero has taken a huge hit recently due to the more challenging retail sector. Some key notes to consider:
1. ARO hit a high of $35 and has come down to $18.
- this stock was $18 back in 2004 with lower earnings.
2. ARO had to revise earnings lower by a few pennies.
3. Prudential downgraded the company.
4. Yesterday 10/17... 2 upgrades in the premarket by Citigroup and Brean Murray.
5. The company is extremely oversold.
6. S&P500 retail index might be in the beginning stages of a reversal due to Friday's upbeat note on the retail sector.
7. Dow Jones retail index could also turn around as well.
Using fibonacci retracement.. 38%, the stock should come back to $25.
ARO's market cap is approx 1 billon and currently has revenues of 1 billion. Net profit was 320 million in 2004.
Like they say, buy low on fear (now), and sell high later.
GL, and this is my first post
1. ARO hit a high of $35 and has come down to $18.
- this stock was $18 back in 2004 with lower earnings.
2. ARO had to revise earnings lower by a few pennies.
3. Prudential downgraded the company.
4. Yesterday 10/17... 2 upgrades in the premarket by Citigroup and Brean Murray.
5. The company is extremely oversold.
6. S&P500 retail index might be in the beginning stages of a reversal due to Friday's upbeat note on the retail sector.
7. Dow Jones retail index could also turn around as well.
Using fibonacci retracement.. 38%, the stock should come back to $25.
ARO's market cap is approx 1 billon and currently has revenues of 1 billion. Net profit was 320 million in 2004.
Like they say, buy low on fear (now), and sell high later.
GL, and this is my first post
