Yousef, I guess I'm a lot more cynical than you <g>
Right or wrong, my read on any company that has to engage in excessive co-optation of the analyst and/or institutional community, in effect allocating corporate resources to "sell its story", is probably doing so for a reason and should pay a little more attention to the old-fashioned notion that the way you get a stock price to rise is to sell more products to customers, grow earnings, and have an upper management team that isn't satisified w/ just "doing alright", but wants to dominate every market where it choses to compete.
Don't know which category ALTR falls into.
Also, obviously the above looks good on paper, but out in the real-world everyone (in theory) has the same goal and some markets are by their nature incredibly tough to dominate.
If you're long, I hope they do well for you. I just haven't crunched enought numbers on them to get my own estimate, although from the news clips I've seen there appears to be some concern over how much product is left in the channels and when I see some of the other PLD players coming out and saying things may have been a little tough, that sort of gets me leaning one way...but generally I only do an "earnings report play" after I've run the numbers myself and am reasonablely satisfied that I'm right and the Street analysts are dead wrong. Just haven't done it here.
Good trading,
Tom |
