So I have eagerly been awaiting a pull back in MGPI so I could get in> and as the stocks dropped bad last week
nada'!
nada'!
Stoney I have a friend who buys tens of millions in wood monthly, he play’s lumber market too. He’s booked out a year and price keeps creeping. He made a few million off the spike to $1700 two years ago.Be careful with Boise Ted. it is a perfect example of what s wrong with the stock market.
We are having a P moment. Price moment. Not Earn.
So BCC come out guns ablazing oh my god they crushed their number... but did they>
Boise Cascade (BCC) came out with quarterly earnings of $3.67 per share, beating the Zacks Consensus Estimate of $2.54 per share. <-- WOW
This compares to earnings of $5.49 per share a year ago. Oh......
This quarterly report represents an earnings surprise of 44.49%. A quarter ago, it was expected that this engineered wood products and plywood company would post earnings of $1.81 per share when it actually produced earnings of $2.43, delivering a surprise of 34.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Boise Cascade , which belongs to the Zacks Building Products - Wood industry, posted revenues of $1.82 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 11.75%. This compares to year-ago revenues of $2.28 billion. The company has topped consensus revenue estimates three times over the last four quarters.
Alright lets re write the PR:
Boise cascade earn dropped from $5.49 to $3.67
Revenue fell from $2.28 Billion to $1.82 Billion
The stock adds 48%<----------------------------- There Is A Reckoning Coming /// as soon as we get this ZIG out of the way and Zag again....
All of these gains have been P.
Not E.
That is a a problem. My PT for Boise would be between $90-$100/ with a shot at $83.
NOT A SAFE STOCK.
Stoney...Van the S&P was at 4,513 when you said 4444 is the floor. This was a month ago and nobody remembers.
We went to 4,589 and you were quiet as a baby. Why not speak up!!!
Anyway I never saw your post or I would of said something. I am always live and calling it as I see it and I see you were off by 1.![]()
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THE DISJOINTED MARKET WILL FALL APART BETWEEN THE 3RD AND 4TH QTR--
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Whoops!