Winning Picks
- Thread starter vanzandt
- Start date
As to buying after earnings to be safe, yes one could do that as I believe it's a long term hold.
If your valuations are based for a long term hold than that has little to no influence on their upcoming ER which was only 2-3 months prior.
Yeah, better to play it safe imo. They missed on their last ER by a small number yet the stock fell near 52w lows.
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It was an 11% miss. Not small. Revenue was up 15% though. The problem was they were understaffed and had to sub out a substantial amount of their ground delivery. That's not a bad problem to have really, they'll fix it with higher wages which is why they revised full year earnings down. One problem I do see however was the cost of fuel in Sept/Oct/Nov., for most of those months it was up it was up over 20% from the previous quarter. That said, they are running on all 8 cylinders and shipping prices have gone up, especially on international cargo. One has to think that with with ocean shipping so bottle-necked they can pretty much name their price for high priority cargo. Supply and demand.
So whatever, we'll see. If I don't like what I see tomorrow and Thursday we'll revisit, but for now I like it for the earnings play. Obviously most don't, or I think we'd see more volume. The Street will certainly need a more positive outlook that any improvements made are sustainable. At a PE of 12, what's the worst that can happen? $215? It'll bounce back. It already has to some extent, but it can always revisit I suppose. The only thing I don't like that I missed, was that sharp spike in fuel albeit coming down some. That could sting if they didn't foresee that in their revision.
Solid balance sheet, up 40% ytd. Chart looks good. Safe stock. Nice find.
See post #13.
Told ya it was heading for sub-$30
$32 close yesterday.
We'll wait for $27ish and then consider it.
ok. It was the ER related thing.
FDX gapped down on 22 Sept 2021. And the gap has been closed.
Covid #'s soaring and this thing is down 15% in 4 days.XpresSpa Group, Inc. (XSPA)- Go Go Go You Beautiful baby! We are 1 press release away from exploding Don't make me write it! Where is Mayor Pete!
$1.9022+0.1022 (+5.68%)<-----------
As of 12:41PM EST.
I thought increased air travel and more testing was supposed to be good for this stock.
Told ya not to touch these cheap stocks. Probably heading lower too.