Wednesday, May 09, 2007

Quickies for the day

ATW - Missed earnings by 7%. Still doubled YoY and they now have a PEG of 0.18 and a P/E of 20. Most of the miss came from some rigs out of service.
My Take: They are growing and incredibly undevalued and things are still great. Short term weakness and then strength again. Will review in depth later

NUAN - Hit earnings target. Got an analyst upgrade and raised guidance by ~12%. It reversed the downward trend on strong volume. With 12% short ratio and an expiration date next Friday, I could see $17 next week. Many will point to debt load but that is a deliberate not accidental debt load: they are on an acquisition binge and it is paying off. Will review in-depth later.

MDR - It just keeps getting better.

TIE - Up huge today on rumors of a buyout. One advantage of Simmons owning ~50% of the company is that any buyout will go smoothly.

PCP - Slammed earnings. Life is good. Will review more in depth later

DIGE - Met expectations but down 5%. Now down below 50, 100 & 200 DMA.
My take: A little reverse of pre-earnings run-up. Business is booming and they are undervalued (45 P/E for 60%+ earnings growth).

CTSH - Below a critical line: under $80.

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