Jenna: Glad to see you jumped on GMGC. Very Nice gainer!! Even better then DOSE last week.
Now, here is another one to look at FINL . A $22 stock just 3 days ago. Now$13
Once again, the Market has over reacted and oversold a good stock.
The fundimentals of the company are very good, IMO.
Good earnings, Great CASH position, Great PE now, good solid growth, etc..
The only reason it dropped so hard was because Foot locker is planning a month long price cut on Adidas shoes. The theory being that all the other footwear companies ( such as FINL ) will have to match the price cuts and thus lower margins and profits.
biz.yahoo.com
Come on, give me a break!! Retail stores have sales ALL THE TIME!! This crazy market we are in will OVER Dump a stock for any reason. But, as we have seen in the recent past, most all have a real nice rebound after the stock drop.
Look at the fundimentals of FINL and thier competitors, FINL fundimentals are better then most and equal to higher priced stocks.
Very Good Cash Postion. Excellent Earnings, PE, Cash, Assets, grwoth, etc..
FINL also had a minor downgrade from Strong Buy to Out Perform.
I do not consider that a biggy either, just means Morgan Stanly wants to Buy shares at the lower price.
I think, if you take a good hard look at the company and thier chart, you will agree that we should have a very nice rebound from this price level.
Thanks in advance
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