SNDK posted Q1 earnings report much better than expected.Here is the breakdown:
Sales Actual $786 million consensus $759.80 million Positive $26.2 million.
EPS Actual .19 cents consensus .17 cents Positive 2 cents.
SNDK AH reaction is totally RIDICULOUS. I am keeping all my position in SNDK.
SNDK CEO is overplaying the negatives to keep Q2 guidance LOWER...so they can beat & guide HIGHER for Q3.
As I write AH bid is $43.52 which is $1.88 lower from close or 61 cents lower from yesterday's close.
I personally feel that SNDK will be much better by the end of the day on friday...just my opinion..I have trouble understanding tape action sometimes.
I will wait till tommorrow and see how analyst/tape reaction during regular trading hour.
Please do your own due diligence.
This BLOG does not give buy or sell opinion ,so act accordingly.Mine is just an opinion and the purpose is to educate.
My portfolio remains the same.
Saleem
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