VLCM a Danny Favorite, reports after the bell. I have been waiting to get into this stock, I feel now is a good time. This is not an earnings play! I did not load up the boat, I put on half my position now, and will put the rest on later.
margins crushed from what I am guessing is increased sg&a costs related to EU expansion. I am not worried that they can keep costs in line, because they did the first year, this being year 2/2 for EU investment. Backing out those costs the core business appears strong. I have not listened to the cc yet. big support at 41-42, would be bad if it broke there. But I still very much like vlcm.
I am going to call around to some insidish people to check in n stuff.
2 comments:
margins crushed from what I am guessing is increased sg&a costs related to EU expansion. I am not worried that they can keep costs in line, because they did the first year, this being year 2/2 for EU investment. Backing out those costs the core business appears strong. I have not listened to the cc yet. big support at 41-42, would be bad if it broke there. But I still very much like vlcm.
I am going to call around to some insidish people to check in n stuff.
maybe crushed is too strong a word, but you get my point
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