Use access key #2 to skip to page content.

IBDvalueinvestin (99.63)

Can you believe someone was arguing with me

Recs

6

November 18, 2009 – Comments (5) | RELATED TICKERS: LZB , VVUS

after the close yesterday trying to convince me that LZB was overbought at $7.10

I tried to tell him that it had fallen 30% ahead of earnings and that it was cheap at $7.10

Oh well, people seem to not know a good thing when its staring them in the face. Just like VVUS today. It now has 2 drugs with great results in Phase III and its still below $10? Total bargain, but try and tell some fool readers that something is cheap? They like to short more than go long.

5 Comments – Post Your Own

#1) On November 18, 2009 at 4:01 PM, jason2713 (< 20) wrote:

So wait, they miss estimates by 8% and you think you made a good call because it popped 25%+ in a day, on what?  Can you tell me why?  I'm not seeing it.

 

VVUS I can see.

Report this comment
#2) On November 18, 2009 at 4:14 PM, ChrisGraley (30.30) wrote:

That would be me and I still disagree.

Nothing against you, but I don't see LazyBoy recliners flying off the shelf any time soon. You can only cut costs to get earnings for so long and that 30% decline comes after a 770% gain for the stock since April. (not exactly what I would consider a value stock.)

Report this comment
#3) On November 18, 2009 at 9:13 PM, HarryCarysGhost (99.77) wrote:

Can you believe someone was arguing with me

yes.

yes I can.

Report this comment
#4) On November 18, 2009 at 9:20 PM, TMFBabo (100.00) wrote:

@msftgev: I was thinking the exact same thing. 

Report this comment
#5) On November 18, 2009 at 9:27 PM, TMFBabo (100.00) wrote:

I agree with ChrisGraley.  I just looked at the financials, and they're atrocious.  They've been destroying equity for 5 years straight, and they're not earning much, either.  Sales started declining even while the rest of the economy was booming. 

Report this comment

Featured Broker Partners


Advertisement