Indices are in bull mode again.
S&P 500 @ 1521.82, new high 1522.29
Internals are positive.
Oil UP 51 cents
Gold UP 20 cents
Canadian $ UP 29 tick @ 99.75
VIX Down .93% @ 12.82
In my portfolio :
Sold YHOO
Bought FB @ $27.75
Bought BAC @ $11.90
Portfolio is BAC,FB,BBRY
Exposure 74%
Most stocks are UP
@ 1.34 following are down :
FB,BBRY,CF,DNKN,AAPL,POT,JCP,HMC,
RVBD,BIDU,FFIV,LNKD,MA,QCOM,MON,
SINA,MLNX,AGU......
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
I got some dates mixed up: CLF's earnings were today and NTAP's are tomorrow.
Stocktrader
Hi Stocktrader,
Thanks for the update...
Any word on CSOD ?
Saleem
Hey Saleem,
Guidance is given in the conference call which starts shortly. Current quarter numbers looked fine hence no real action yet.
Stocktrader
Hey Saleem,
I feel bad because I was fairly distracted during the call due to household issues but I believe they gave Q1 and FY13 guidance of 37-38M (vs 37.18M consensus) and 179-182M (vs 171.44M consensus), respectively. They really commented on how they were uncertain earlier this year about how the competitive landscape would shakeout after several mergers, but in the end they found themselves with a better product for their clients' needs and competitors distracted with integration issues. Momentum in the business remains high.
I hope to read the transcript later as I missed a lot of the Q&A and barely held on during the scripted comments, but it would not surprise me to see the stock rally nicely tomorrow if I got the numbers right.
Stocktrader
Hi Stocktrader,
Thanks for your effort in posting numbers for CSOD.....
So far i do not see any trade which reflect better Quarterly & yearly end Sales numbers...
You definitely come up with many new ideas..good luck on Wednesday TAPE.
Saleem
Hey Saleem,
I just listened to that particular part of the conference call again and my initial numbers were correct: 179-182M estimated FY13 revenues and 37-38M estimated Q1 revenues. Additional info is an estimated loss of 9M or -.17 EPS for FY13 (they don't give quarterly EPS guidance) and positive cash flow from operations of 18M for FY13. I generally ignore the EPS as the main goal for these companies is to get revenues now since it will recur in the future for many years (94.3% retention rate quoted), so at some point when the investment for hypergrowth cools, they have a massive cash flow generator for shareholder friendly moves. That's the theory anyways! :)
Stocktrader
Hi Stocktrader,
Thanks for revisiting numbers & giving further business details on CSOD.
Saleem
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