Perceptron's Still Looking Good to Me.
A few weeks back, one of my holdings, Perceptron (NASDAQ:PRCP), took a major thrashing after releasing an unexpectedly bad earnings report. Is this meltdown deserved, or should long-term investors buy in at a lower price point?
Let's examine the reason why the stock fell. Perceptron lost quite a bit of money in the last quarter instead of varying consensus estimates that predicted Perceptron would make a profit. However, if you dig into the details, Perceptron's quarterly loss was due to a one-time only event that won't eat into profitability into the future. As such, at the time of this writing the stock has recovered some of its former high (the $14) mark and is on quite an upswing. IMHO, there is no need to worry, Perceptron shareholders.