Tuesday, July 21, 2009

Feeling Guilty

Today I reversed my decision on Monday to sell CKSW. I need to just follow the rules and stop being a rule buster. CKSW stays until January 2010. I did get it back a dime cheaper, but I'll act in my MFI tacking as if I never sold it.

FRX was the first of my stocks to post earnings today (Forest Laboratories, Inc. Reports Fiscal First Quarter 2010 Earnings Per Share of $0.87). This stock doesn't get much love, I thought the numbers were pretty decent, but they closed flat today. I read the transcript of the earnings call (Forest Laboratories Inc. F1Q10 (Qtr End 06/30/09) Earnings Call Transcript). They made 87 cents per share, this is a company that is building a large war chest of cash. They had $8.56 per share going out of last quarter, and while they didn't show a balnce sheet (strange) I gotta believe they're over $9.00 for a $26 stock.

Tomorrow PFE and CKSW report. Cross your fingers for me.
Posted by at

5 comments:

Homer315 said...

Did the post on the Yahoo board have anything to do with your decision?

11:17 PM
Marsh_Gerda said...

I was already 2nd guessing my decision. The post probably pushed me over the top.

MG

4:52 AM
Homer315 said...

From reading the release (but not knowing really what the market was expecting) it seems to have been a good move.

I own it myself in two different accounts, and it is already up something like 56% for me since 6/3/09.

7:40 AM
Homer315 said...

You should cut "shystering" on the Yahoo boards a check...

4:38 PM
Marsh_Gerda said...

I should cut him a check... the move was worth about $4,000 to me.

3:59 PM

Post a Comment

Subscribe to: Post Comments (Atom)