Economic conditions do not presently favor either fundamental or share-price improvement for this chronic underperformer. It is prudent to redeploy eq…more
Economic conditions do not presently favor either fundamental or share-price improvement for this chronic underperformer. It is prudent to redeploy equity to a stock with better appreciation prospects (following a sizeable near-term market correction).
Fundamentally, CTB faces many uphill challenges, including falling revenues; technically, overhead resistance at $9 or so will likely prove insurmountable in the near-term.
$6.50 to just under $20 in six weeks qualifies as "too much, too fast". This market darling of just a year ago met some reality as the East European economies suffered some bad press since then. Given the shares' severe oversold status into early March, a rebound was expected. But "enough is enough", at least until improvement in the market's perception regarding prospects for improvement in liquor consumption in Eastern Europe (mostly Poland) indicates otherwise. Given the "staple" nature of th… More
A particularly strong near-term uptrend usually precedes a pending reverion to the mean. It would take a very strong earnings figure tomorrow to offset the propensity for a market correction to drag this stock down. This equates to a Sell at this time, with a potential buyback around $10.
CLS continues to be subjected to a margin squeeze despite restructuring efforts, so substantial bottom line gains may take a while. Long-term recovery potential seem wothwhile. Meantime, recent 6-week strenght will likely wane during a pending market correction.
Auto Industry tribulations are far from over. Pending reorganizations leave suppliers subject to tumultuous challenges and much risk. Long-term recovery potential may be OK, but not in the near-term.
Long-term depressed, but near-term bounce too strong - not likely to hold in a weak market. Though an early cyclical, WOR will continue to languish during a SLOW economic recovery. (probably a Buy again at 10 or so)
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