Alstry is the first legitmate news source to call the election in favor of Obama.
I called it two years ago even before he formally announced his candicy. I called it a year ago. I called it a month ago. And I am calling it tonight.
In the spirit of calling it.....I am calling that through February of next year....Mohawk (MHK) will be the best performing CAPS red thumb individual corporate name (excluding inverse ETFs)
It lost twenty bucks a share this quarter when analysts were predicting a profit of one dollar. It very easily could lose another $10 to $20 per share next quarter as additional hundreds of millions of dollars of goodwill will be required to be written down again. It could run into trouble with its credit covenants as it currently has less $70 million in cash and about $3 Billion in debt and payables.
And just think, as we sit here tonight, the analysts are forecasting EARNINGS of $4 per share. Alstry guestimates MHK will lose OVER $30 per share in 2008 as fewer and fewer buy floor coverings as the downturn persists.
The funny part is that many of MHK's analysts are the same idiots that lied to you during the entire housing downturn. Goldberg, Zellman and the crew.......they are at it again.........can't wait to hear what they say about today's results.
We have three takers in the Alstry challenge.........all challengers are welcome at this poker table.