Yesterday I went on a mini tirade about a GS analyst downgrading TRID on their diminished outlook. It seems I was proven right today (for at least a day). On this horrendous day, TRID shot up 12.7% as GNSS (a competitor) was taken over for a 60& premium (Trident Rebounds on Value Prospects). The point is the same point I made yesterday. Even when the near-term outlook is diminished, there is a price at which a stock is a good value.
TGIS was also up 11% and so my day was nowhere close as bad as the broader market. Maybe the clouds are starting to lift.
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