Mohawk vs. Mocrow
Yesterday before it reported earnings....I indicated that Mohawk Industries, one of the world's largest flooring manufacturers was one of my favorite short candidates....analysts were expecting a profit of $1.12 per share vs. actual losses of $20. Not only that they pulled earnings for next quarter as well.
Mohawk is a company saddled with debt and lots of goodwill that is not so good anymore. It seems strange than analysts didn't pick up on this when they were making their estimates.....but it seems few do much real DD anymore.
Now that the carpet has been ripped off the floor....we shall see how Mr. Market reacts to Mohawk's earnings report.