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IBDvalueinvestin (98.29)

Ok I cry uncle on COT, Jesus you guys just crushed me



July 27, 2009 – Comments (3) | RELATED TICKERS: COT

I never imagined you could drive a stock from $8 with a .48 eps to as low as $6.14

3 Comments – Post Your Own

#1) On July 27, 2009 at 1:25 PM, IBDvalueinvestin (98.29) wrote:

Per Briefing In Play

Cott beats by $0.33, misses on revs (7.73 ) : Reports Q2 (Jun) earnings of $0.48 per share, $0.33 better than the First Call consensus of $0.15; revenues fell 5.9% year/year to $438.8 mln vs the $458.9 mln consensus.

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#2) On July 27, 2009 at 2:27 PM, SuperCharge (71.01) wrote:

Looks to me like the shorts must've covered prior to the earnings release just in case the guidance wasn't grim. 

Tread carefully here if you're in w/ real moneys... Despite the solid 2Q #'s, their debt situation isn't pretty. Also, you have to imagine it'll be impossible to replace the business Cott does via the expiring exclusive contract with Wallmart. 

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#3) On July 27, 2009 at 8:28 PM, ChrisGraley (28.61) wrote:

I on the other hand, I was so early on my red thumb that I'm still at -30.

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