HEAR

All coiled up for earnings, P/E ratio of 6. If they beat last Christmas, this thing's gonna have a PE ratio below 5, lol.

Lots of short interest, they're reporting Christmas earnings. 1k shares. Options premium is a little too high for my taste, bought the stock.

Kommentera:

Added 500 more shares on the dip for long term regardless of which way earnings go. PE ratio of 6, only $25M debt. They should be able to pay that off by the end of next quarter which means they'll be debt free. Couple of quarters to stash some cash and then they'll either have to pay dividends or buy back stock at that point. As long as they make profit (even if it doesn't grow, the stock price will increase.

This company isn't getting any love because it was mismanaged in the past. Look at the long term charts....

Trade stängt manuellt:

Had to buy some more on the morning tank, just sold everything for $2k loss, no more earnings plays for me, it's easier to scalp on the initial drop and sell. My other plays covered most of the losses.

Never fall in love with a stock they say... I'm sure this will do ok long term, but I'm not tying up my money with that forecast. Seems like the CFO is lowballing, but that's not good for the stock. Either that or their margin is shrinking for some reason.

Kommentera:

Putting in an alert to buy at $8 gap fill in case it gets there. I think it'll find support at $12, but I'm not chancing it.