Ive been trading RCKY for about 15 years now. Im long a lot of times when its below $10 and often sell over $15. But THIS time, I was holding on for the low to mid $20s. RCKY is my largest single holding and I didnt sell any this time on the move to $16.
And they disappointed on earnings and its down to $14.
I typically post on yahoo but for some reason, it hasnt been letting me since the 17th from my desktop but apparently I can from my seldom used laptop.
I compute diluted book of $16.74 at 2/21/13.
They have some intangibles in there but I think they are of value or would have been written off already.
EPS for year 1.18 versus $1.60.
Gotta think $1.40-1.50 at a minimum next year with the chance of $2+ with colder weather.
And, as almost always, I think it would be worth more to a strategic buyer so maybe if they cant get earnings up above $2 the family will decide to put it in the block ?
Im determined to hold onto most or all my RCKY for the low to mid $20s again. Its been there before and I sold most of mine too low previous times.
Here is their insider buying link...and its pointed me the way to good buying points many times in the past.
openinsider.com |
