Thursday, November 05, 2015

Earnings Continue To Stream In

Read All About It

Busy stretch in stock news.  QCOM reported last night (Qualcomm Earnings Release Available on Company's Investor Relations Website), pretty clear it wasn't good as they're trading down $3 to $4 this morning. It seems that their outlook is the issue. They are my #3 holding,  so that is a damper on the day.

VEC also reported last night (Vectrus Posts Strong Third Quarter 2015 Financial Results).  This is a stock that is not able to get any traction.  I bought them for my February tranche and they're down almost 10%.  I thought the earnings and guidance were solid, this continues to be a stock that seems like a pretty good value,

LCI reported last night (Lannett Reports Solid Fiscal 2016 First Quarter Results). Thankfully I had sold all my shares the day before - they're trading down 15%. As I don't own them, I didn't spend a ton of time looking through the release, but my takeaway was that they had increased revenues, but bottom line was actually down as they're expenses seem to be ballooning.

RGR reported yesterday morning (Sturm, Ruger & Company, Inc. Reports Third Quarter Fully Diluted Earnings of 62¢ Per Share and Declares Dividend of 25¢ Per Share). It was a whiff as earnings missed and they sold off.

I think later today TPUB, PSDV and REXI will announce.  All in all this quarter has been ok for  me:

Good: FLR, HSII, KING, NHTC, ONE, PERI, SALE, TSRA, UIS, VDSI, KORS, MSFT and VEC (?)
so-so:  NSU
Bad: AMAG, GNW, IQNT, PPC, QCOM, RGR

This list really shows how it is difficult to get it right and you just want more pops than drops.

1 comment:

John Carney said...

Marsh,

I will sell KING and buy ONE of the dividend plays that are down +25%. I got BKE, CPLA, VIAB, and PPC, and The new prick on the street QCOM. Mr random gave me PPC so I got my first Marsh double or trible that I will do tomorrow.

To keep the bookkeeping simple I will take a short gain or loss on Sept 30th 2016 a year from my second KING.

My thinking is King is done and is dead money for 5 months.