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alstry (35.67)

Mohawk vs. Mocrow

Recs

7

November 04, 2008 – Comments (3)

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.

3 Comments – Post Your Own

#1) On November 04, 2008 at 7:22 AM, alstry (35.67) wrote:

In Case Any of You Think This is Close to OVER!!!!!

Michael DiGiovanni, the top sales analyst at General Motors Corp., said in an conference call. "This is clearly a severe, severe recession." ... Auto executives warned the worst may still lie ahead

Right now I think DWOT and Ares are the top substantive bloggers.  They are providing an incredible service and not charging you a dime......not only that they are top players as well.

First I would like to thank them.  Second....I really miss my little ninny self absorbed friend FloridaBuilder....I would really like a new competition with him....like Alstry vs. FloridaBuilder and having Toll as our challenge.....I pick Toll because that is one of Florida's favorite builders.

We can call it "Alstry's attempt at Revenge"

Cmon  Florida....you say you analyze HBs 24/7, that you can drink construction workers under the table...do you think you can take Alstry twice in a row in your own expertise.......I doubt it but that is only because I think you got lucky last time and that you are simply too much of a whining wimpy worm.

I am offering up one of your favorite HBs.......How about we bet Toll's stock price will half before it doubles from the current price???

Was that the last bullet you fired from your gun last time???  Do you feel lucky punk????

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#2) On November 04, 2008 at 10:50 AM, awallejr (81.49) wrote:

Charging us for what?  All they do is spam why we should all slice our wrists.  It really isn't helpful. I prefer the blogs that actually discuss stocks.  This blog of yours, for a change, did that.

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#3) On November 04, 2008 at 11:41 AM, alstry (35.67) wrote:

Charging you for great info from two top CAPS players.  If nothing else, give you some perspective of inverse ETFs.

As far as MHK, how the market can only price down a company less than $2.00 per share on a company that lost over $20 dollars per share vs. expectations of positive earnings and guidance of a loss next quarter while giving it a mulibillion dollar market cap with very little cash on the balance sheet and the primary access to money from lines of credit and your primary competitor is Warren Buffett who is incredibly capitalized simply escapes me....but who am I to try to out guess Mr. Market???

How is that for a mouthfull.

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