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Non-Tech : QUAKER FABRIC QFAB -- Ignore unavailable to you. Want to Upgrade?


To: Mad2 who wrote (166)4/24/2003 9:34:45 PM
From: rogermci®  Respond to of 177
 
I don't think the reaction will be too bad. Won't gap up for sure. I was in small for a trade. Have to decide if I want to invest now.



To: Mad2 who wrote (166)5/6/2003 10:36:16 PM
From: rogermci®  Read Replies (1) | Respond to of 177
 
OK Mad...get a load of this. Price of QFAB before earnings and cc: 6.48, close today: 6.64.

I listened to cc...Libienow had nothing bullish to say. Rather downbeat call.
Backlogs down slightly, no signs of recovery, keeping costs under control, should remain profitable.

Since then:

Earnings est. for Q2 went from .25 to .10
Earnings est. for 03 went from .86 to .48
Earnings est. for 04 went from 1.02 to .68

Stock has moved up from 6.48 to 6.64.

Tells me market has discounted worst of the news and senses a fairly robust economy going forward.

Confirms my belief we're in a bull market (call it cyclical or secular, doesn't matter) and we're going higher.

I reloaded and added on QFAB in low 6's on Fri. and Mon.

Call me an investor now.

JMO