Optically the release looked good with record profits, but analysts view the earnings as weak, and the picture of the full year dividend not clear.
One can never be sure what is priced in to a stock and whether it should go up or down on earnings – some stocks go down on great numbers, and other go up on a terrible number – all depends what is priced into the stock.
A stock trading well below the 2Centview fair value should provide some skew to the upside if the stock does rise post results – and limited downside if the numbers are not good, as the stock is already cheap – which has been the case here.
So – If you are in the trade sent out last week, then look to exit for flat if it was just a trade in anticipation of a good number propelling the stock to the fair value – which in this case has not happened.
Long term holders, should stick to the trade as $LGEN has a great yield and solid balance sheet.
2Centview has exited the trade from last week , for flat.
Look for the next opp!