MICC'S QUARTERLY AND YEARLY EARNINGS AND EBITDA ARE UP 60 TO 99%.THIS END OF THE YEAR EARNINGS REPORT IS SPECTACULAR. WHAT DO YOU THINK MICC'S FAIR VALUE IS AT PRESENT?
Posted by MP at February 14, 2007 08:35 AMSorry, MP but I don't follow MICC closely enough to maintain a price target. I will say that MICC is a momentum stock and that requires momentum in its financial performance. As long as numbers like these keep coming the trend onteh sahres will be upward unless emerging market stocks as a group blow up. So I don't know what the price target is but I would not be a seller.
Posted by at February 14, 2007 08:42 AMJUST A SIDE THOUGHT. IT SEEMS AS IF THERE IS A VERY SLOW /GENERALLY DOWNHILL MOTION ON CETV STOCK PRICE DESPITE GOOD NEWS.DO YOU STILL THINK
EARNINGS WILL BE VERY GOOD AT THE NEXT EARNINGS? I HAVE BEEN UNABLE TO FIND ANY EXPLANATION FOR THE DROP IN STOCK PRICE.
I think it is garden variety profit taking on meidocre volume. After all, the stock is still up 20% this year despite the pullback!!!
Remember, the stock has old off sharply following earnings often recently. It wouldn;t be surprising if some folks are locking in gains with earnings coming in a couple of weeks.
The bottom line is that I woudln't read anything into the current stock price action as it relates to earnings.
Posted by Steve at February 14, 2007 10:21 AM