UCTT Misses by $0.01 - We're Stopped out
The bad news is that UCTT's earnings grew only 775% and not the expected 800%.
* Sales grew 180% and slightly beat expectations
* Earnings grew 775%
They also gave guidance that is inline with expectations.
In terms of value, this company has a 17 P/E and a forward P/E of 11. Their growth is expected to 'slow' to 50%.
I'd prefer to see a raised guidance but it's hard to argue that this company is overvalued.
We were stopped out at $13.50
* Sales grew 180% and slightly beat expectations
* Earnings grew 775%
They also gave guidance that is inline with expectations.
In terms of value, this company has a 17 P/E and a forward P/E of 11. Their growth is expected to 'slow' to 50%.
I'd prefer to see a raised guidance but it's hard to argue that this company is overvalued.
We were stopped out at $13.50
posted by Andrew at
8:19 PM
1 Comments:
Don't use stops! My hedge fund contacts tell me that's how they manipulate the market. They prey on the retail investor who uses stops. They are working with the market makers in a lot of cases.
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