USG reported abysmal earnings, missing on both top and bottom line–yet the stock is up. Why?
It’s up because you’re an idiot, that’s why. You cannot beat the wallboard; the wallboard beats you. All of the people out there buying puts ahead of the number, elated to see the company miss, are now swimming in a pit of tar.
Mind you, I’d prefer to see the stock +20% today–but the foundation has been laid, naked and bare.
USG is heading higher because housing is back. Have a look at MTH and LL, both handedly destroying Wall St estimates. It’s only a matter of time before the price increases in wallboard turn USG into a cash generating machine again.
Moving on, The Devil’s stock, CiMT, is powering forward. What can I say, he’s been on fire (pun intended).
His current recs are to be short VRTX, CPHD, long CiMT, CLiR and PAMT. He also likes UNXL, but doesn’t have a position at this time.
I’m pleased to see AAPL higher. But, to be honest, I’d prefer the stock to trade down, so that I can buy more.
Bottom line: I am 55-60% cash, eating yams, having a grande ol’ time.
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LL
thoughts on $PPC, sir Fly?
like it
lol at front page picture with that title.
Anyone look at CKSW lately…I am in the industry and they are making some serious noise. They seem to be doing everything right. SAP is their biggest reseller….would be wise for them to buy it.
“I’m in the kitchen
Yams everywhere (yams)”
$WWE is body slamming the bears again
eating sweet potatoes instead of yams
USG all the way.
Where is the guy who said USG would be sub $23?
(crickets)
arrested for shoplifting yams