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re: Stocks...
Posted on 5/6/10 at 10:55 am to wegotdatwood
Posted on 5/6/10 at 10:55 am to wegotdatwood
wegotdatwood, the earnings dates you see through your broker or other finance websites are usually just estimates. On E*Trade, for example, when you see a stock with a message that says, "Stock XYZ is expected to report earnings on so-and-so date", that's usually just the broker's best estimate. Often times companies will come out a few months ahead and say around when earnings can be expected. Is it not abnormal at all for them not to meet that exact date. Those dates are just an estimate.
Remember that the 10-Q is one of the most detailed reports a company will issue all year, apart from, of course, the 10-K. Companies and investors take the reporting process very seriously. When a company isn't 100% ready to report, the best thing to do is push it back a little bit. You never know how much more time an auditor will need, etc.
In CLRT's case, however, the company came out and gave a confirmed date, not just an estimation. And then they came out and moved their own date up.
For SORL, the fact their earnings are pushed back 4 days from the initial estimation is not a cause for concern, in my opinion.
Remember that the 10-Q is one of the most detailed reports a company will issue all year, apart from, of course, the 10-K. Companies and investors take the reporting process very seriously. When a company isn't 100% ready to report, the best thing to do is push it back a little bit. You never know how much more time an auditor will need, etc.
In CLRT's case, however, the company came out and gave a confirmed date, not just an estimation. And then they came out and moved their own date up.
For SORL, the fact their earnings are pushed back 4 days from the initial estimation is not a cause for concern, in my opinion.
This post was edited on 5/6/10 at 10:57 am
1
Posted on 5/6/10 at 11:16 am to RedStickBR
Thank you for clearing that up. I'm learning. I sure hope it's good. I need it to start heading north.
Posted on 5/6/10 at 11:34 am to RedStickBR
Of particular interest is the "pace of change" comment regarding valuation of loans slowing the reporting process. That don't sound very positive for the upcoming report. Also, they are not actually in buy out discussions with anyone.
This post was edited on 5/6/10 at 12:04 pm
Posted on 5/6/10 at 12:39 pm to CajunTiger92
If someone buys that bank they will take over Palm as the worst financial acquisition of the year. They estimated FV adjustment at -40M flat on the loan portfolio in the 10k. That's pretty obviously a somewhat arbitrary estimate, so maybe someone is pushing for more sophistication in that estimate, or maybe they're pushing for them to include that in the book writedowns. If its anywhere near their estimate, they're done. Look at what they say they need to reach the regulator enforced capital levels. Its pretty onerous.
Posted on 5/9/10 at 10:27 pm to wegotdatwood
hey guys, what are your thoughts on TNH?
ive watched this stock for a long while but never making a move as it was always a little too rich for my blood.
its a very volatile stock, and right now it is down.
2 companies to compare against it are MOS and CF.
any opinions would be nice.
TIA
ive watched this stock for a long while but never making a move as it was always a little too rich for my blood.
its a very volatile stock, and right now it is down.
2 companies to compare against it are MOS and CF.
any opinions would be nice.
TIA
This post was edited on 5/9/10 at 10:35 pm
Posted on 5/12/10 at 12:52 am to donRANDOMnumbers
BSPM may be one to look into. Here are my initial notes. I will try to read up on TNH tomorrow.
I don't know much about their market (BSPM's), but the fins are pretty spectacular:
Cash has increased in each of the past 5 Qs, making a huge increase in Q4.
Both Total and Current Assets have increased in each of the past 5 Qs.
Zero Debt. Liabilities remaining stable, but shareholder's equity is blowing up in comparison. The pie is constantly growing for shareholders while the inedible portions are being kept to a minimum.
Virtually zero dilution over the past year.
Outstanding margins.
Operating income is decreasing a bit. Read the filings and see if the company is doing anything to cut back on spending. They actually reported negative earnings in Q4. Why couldn't they realize profit from the huge revs they pulled in? One reason could be due to the vast amount of investments the company undertook in Q4 as seen on their cash flow statement. What were those investments and do you think they'll bring value to BSPM this quarter?
Other than these concerns/questions that need to be looked into, BSPM appears to be sitting pretty.
I don't know much about their market (BSPM's), but the fins are pretty spectacular:
Cash has increased in each of the past 5 Qs, making a huge increase in Q4.
Both Total and Current Assets have increased in each of the past 5 Qs.
Zero Debt. Liabilities remaining stable, but shareholder's equity is blowing up in comparison. The pie is constantly growing for shareholders while the inedible portions are being kept to a minimum.
Virtually zero dilution over the past year.
Outstanding margins.
Operating income is decreasing a bit. Read the filings and see if the company is doing anything to cut back on spending. They actually reported negative earnings in Q4. Why couldn't they realize profit from the huge revs they pulled in? One reason could be due to the vast amount of investments the company undertook in Q4 as seen on their cash flow statement. What were those investments and do you think they'll bring value to BSPM this quarter?
Other than these concerns/questions that need to be looked into, BSPM appears to be sitting pretty.
This post was edited on 5/12/10 at 12:53 am
Posted on 5/12/10 at 2:56 pm to RedStickBR
What do you think about BIDU? Just had a 10 for 1 split. Before that it was in the 700 dollar range.
Posted on 5/12/10 at 4:12 pm to wegotdatwood
Good company and I think the Bombay exchange is a bit underpriced right now. If it goes on a run, that would be great for BIDU. Were I to play it, I'd wait for it to fall back and fill the gap around $71.50, and then look into Jan. 2011 $81 calls as opposed to buying the actual security itself.
Posted on 5/13/10 at 2:46 pm to RedStickBR
Expect sorl to get a nice boost tomorrow?
Posted on 5/13/10 at 3:07 pm to donRANDOMnumbers
quote:
hey guys, what are your thoughts on TNH?
my thoughts are I'm down 20% !!
Posted on 5/14/10 at 6:33 am to wegotdatwood
this probably isn't the best place for this, but since i can't start a new thread...
For any day traders out there, who do you trade with? I've been using e*trade for about six months now. I've got 4/1 margin, which is nice, but i feel i could do better on comish (9.99).
What options are out there for people who want to make a living day trading?
For any day traders out there, who do you trade with? I've been using e*trade for about six months now. I've got 4/1 margin, which is nice, but i feel i could do better on comish (9.99).
What options are out there for people who want to make a living day trading?
Posted on 5/14/10 at 7:46 am to wegotdatwood
sorl - i considered buying some of this premarket today
This post was edited on 5/14/10 at 7:48 am
Posted on 5/14/10 at 7:58 am to Propagandalf
quote:Schwab. They have a frequent trader's software called StreetSmart Pro. Commission is $8.95/trade for stocks.
For any day traders out there, who do you trade with?
Posted on 5/14/10 at 8:03 am to Propagandalf
Propagandalf, from my experience with online brokers, their standard commission is always more than they actually need to charge in order to still make a huge profit off of you. Usually, a simple phone call will do. Talk them down, tell them you're going to be expecting 100+ trades per quarter. They're usually pretty good about lowering their fees.
Drop other brokers' names and compare commission costs.
Drop other brokers' names and compare commission costs.
This post was edited on 5/14/10 at 8:05 am
Posted on 5/14/10 at 8:13 am to wegotdatwood
SORL Auto Parts beats by $0.02, beats on revenue; issues upside 2Q revenue guidanceFont size: A | A | A
6:12 AM ET 5/14/10 | Briefing.com
Reports Q1 (Mar) earnings of $0.17 per share, $0.02 better than Thomson-Reuters consensus of $0.15; revenue increased 68.5% year/year to $34.1 mln vs $30.20 mln consensus. Co issues upside guidance for 2Q10; sees revenue of $47.0 mln vs $43.4 mln consensus. Co sees Q2 net income of $4.3 mln.
6:12 AM ET 5/14/10 | Briefing.com
Reports Q1 (Mar) earnings of $0.17 per share, $0.02 better than Thomson-Reuters consensus of $0.15; revenue increased 68.5% year/year to $34.1 mln vs $30.20 mln consensus. Co issues upside guidance for 2Q10; sees revenue of $47.0 mln vs $43.4 mln consensus. Co sees Q2 net income of $4.3 mln.
Posted on 5/14/10 at 8:14 am to RedStickBR
.17 eps is what SORL was projected to hit correct? It's getting hit hard in pre-market along with just about everything else.
Posted on 5/14/10 at 8:22 am to wegotdatwood
The average estimate was .147, so they beat by over two cents, like I said they would on May 3:
No reason to let premarket activity worry you here. This is a great report with improved Q2 guidance. Market doesn't have to like it today if it doesn't want to, but it will like it eventually.
quote:
I think you'll see .16 or .17.
No reason to let premarket activity worry you here. This is a great report with improved Q2 guidance. Market doesn't have to like it today if it doesn't want to, but it will like it eventually.
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