OCLI, CIR Circus Circus Rises After Hours On Upside Earnings
By Heather Moore
Circus Circus (CIR:NYSE) posted first-quarter earnings of 43 cents a share, 3 cents higher than the 17-analyst forecast and above the year-ago 23 cents. The stock picked up 13/16 to 24 in after-hours trading.
OCLI probably will do fine, but lately I'm not so impressed with stocks that beat the street. There is more to it. OCLI is of a different sort so it will do well, but lately if the stock was overbought and had run up you could beat the street by 5 cents (ANF, TIF, ADIC) and still be down after the report. I prefer plays like ADCT twice BEFORE earnings or GMST both before and AFTER but not THROUGH earnings. I expect I'll be a frequent trader of GMST and/or DISH, OCLI, and some others. That is exactly how I 'discover' my watch list plays and/or intermediate holds. They were good earnings plays.
I'm certainly no stranger to OCLI.. It just went up about 14% just a week or so ago. This was posted right after a successful play with OCLI last quarter. OCLI reminds me of BMET but with a slightly better chart. They are always flirting with their 52 week high around earnings time. BMET, I am more familiar with, will tend to slow up after earnings than surge later on.
techstocks.com
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T. Rowe Price's Athey singles out two small companies he likes. One is Optical Coating Laboratory (NASDAQ:OCLI - news) - Quotes (Nasdaq:OCLI - news), News (Nasdaq:OCLI - news), Boards (Nasdaq:OCLI - news) ), which designs, develops and manufactures multi-layer thin film coatings, which alter transmissions of lightwaves. Its products are used in telecommunications equipment, communications satellites, computer displays, photocopiers and printers, to name a few. Its stock, however, has more than quadrupled since last fall and now has a market cap of $749 million.
Athey also likes Oil-Dri Corporation of America (NYSE:ODC - news) - Quotes (Nasdaq:ODC - news), News (Nasdaq:ODC - news), Boards (Nasdaq:ODC - news) ), which has developed a more absorbent form of cat litter that is more easily disposable. Its stock closed at $14.88 on Thursday, giving it a market cap of just $108 million. The only analyst who follows the company thinks it will earn $1.25 per share for the fiscal year that ends in July.
If the analyst is right, the stock is trading at less than 12 times expected earnings for the year that ends in less than three months. |
