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ROE is a little light, but EPS and sales growth are healthy.
Definitely fits the bill of what we're looking for off of Friday's pivot. Rock on!
I have been watching this one also. Any concerns about the growth in 2012? 9 pct is a little light and that has me holding off on it. Hardly an expert here...... How much does that play into other peoples concerns
terrybman: while this is not a recommendation to buy LAD, I will respond to the 9% growth concern you mention...
The 9% next-yr growth is analyst estimates only. Further, the green arrow points to the fact they were recently increased. Further further, there are only 8 analysts and the stock (so far) suggests they are well behind. We see solid growth in EPS and Rev for a couple years now. Personally, I will look at this as a positive. While I may end up incorrect in such an assessment, if I can determine that analysts are behind and the stock is more reflective of real growth, with analysts being behind...then analysts eventually raising #'s becomes a potential future driver.
This is how I commonly look at it. I trust the stock more than analysts and generally prefer when I sense a disparity.
Best luck. FYI, I am not long LAD. Cheers
Analysts estimates can be a bit delayed if there is a shift in the prospects for a an issue, so I read the forward numbers as more of a secondary or confirming factor. Price and volume action tell us the most important information. It seems to me that most running stocks will show accumulation every 4-5 days such as LAD did 10/4 - 10/26. 11/30-12/9 seemed to indicate it was starting another 3-4 week run, but now we have 5 days without any accumulation. I read the LAD 12/9 pop higher as a confirming move that increased my confidence in more buyable stocks like ISRG, V, GOOG, SIMO. Of those only V has shown accumulation since 12/9. The 20% deep handle in LAD kept me away from it. HTMMIS pg 116 says "proper handle should be contained within 8-12% of it's peak"
We are in a correction and this stock doesn't even trade 10 million Dollar volume a day. The big boys can't even buy this one.This was a $2 stock at the bottom. Beta of 1.72, I could go on and on. I think it might be better to wait for a new Bull and buy something Liquid.
Stock has not had the required break out volume! That is a problem for me. Don
It's true that volume at the high on December 2 did not meet the required 40% above average. However, the volume on 11/30 was greater than any week in the previous 10 weeks. All else being perfect, that tends to be enough to push a stock higher. I think the real flaw on December 2nd breakout was that the handle was 20% deep. It needed a little more time to smooth out that volatile trade from 10/26-12/1.
I see a cup and handle on this stock on the daily at the moment
Right and the heavy volume on 1/26 is higher than the heavy volume on 1/17. That looks like good pyramiding up.
Looks like we had a pocket pivot today on this stock and a possible early entry
On Friday this stock broke out on good volume
Abe got this one correct.
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