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IBDvalueinvestin (99.64)

The Perfect Storm crushes "PFWD" , all gains for 2009-2010 are now gone.

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February 07, 2010 – Comments (1) | RELATED TICKERS: PFWD.DL

The perfect storm was created to crush PFWD shares from $14+ to $10+ on Friday.

#1 Company met estimate but lowered by 3 cents full year guidance

#2 Analyst downgrades the stock  

#3 News reports beat down an already down stock with wording in headlines to make it worse than it is. (Headline says PFWD gives weak 2010 guidance, I would not describe a 3 cent lowered forecast as weak)

#4 The markets  were crashing at the time with a -400 point loss in the DJIA in just 24 hours.

That was the perfect storm scenerio, got all weak longs out and got many new shorts in PFWD.

 

But now the reality is much different:

PFWD Actually met analysts est. of .13 for the Dec. 09 qtr

Yes they lowered March qtr & June qtr but by only 1 cent each to .13 eps & .14 eps respectively.

Full year guidance was only lowered by 3 cents from .63 to .60

Now the positives that could affect the stock going forward:

#1 Debt Free

#2 Over $112M cash

#3 Book Value 6.3

#4 History repeats, last year PFWD also was knocked down from $14+ to $10+ and within a couple of weeks was back at $14+

 

1 Comments – Post Your Own

#1) On February 07, 2010 at 11:52 AM, TMFUltraLong (99.96) wrote:

I agree, I'm keeping my eye on Phase Forward and looking for a bounce point closer to their last low around $9.80.

UltraLong

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