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Strategies & Market Trends : Value Investing

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To: anializer who wrote (37283)	4/6/2010 3:05:42 PM
From: blastedwand	Read Replies (2) of 78921

Outlook for 2010 Lithia reaffirms its 2010 earnings guidance as provided on February 3, 2010. First quarter earnings guidance is projected within a range of $0.04 to $0.06 per diluted share. Full year 2010 earnings guidance is projected within a range of $0.55 to $0.63 per diluted share. This guidance includes approximately 18% additional dilution related to the equity offering completed in October 2009. Specific reference is made to the February 3, 2010 release for assumptions upon which this guidance was given. Looks like 2010 is .63(top estimate) cents a share vs the .74 you quoted. In addition, they missed guidance the last two quarters so i am not sure how solid the guidance is to begin with. Even if you take them at their word of .63 cents it seems to be fully valued to me on the surface of the numbers. Obviously I know little or nothing about the company so if they have aggressive growth targets or something along those lines maybe it is worth it. Not that this is not a good investment because maybe it is and I would see that if I dug deeper but I do not see the "value" play. Maybe it is a growth play after all?

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