Update: just
noticed that Textura shares opened trading at $14.24 this morning, the day
after Textura released its financial results.
It’s now around 9:50 am, and Textura shares have climbed back up to
$15.01.
Occasionally, I like to look back at what analysts say about certain stocks. When I received an e-mail alert yesterday from seekingalpha that Textura had released its March 31 earnings results, one of the articles listed in that e-mail was one attributed to Goudy Park Capital…..
Focus Articles on TXTR (from seekingalpha.com)
“Textura: A Late Christmas Gift by Goudy
Park Capital”
"If you didn't
get everything you wanted for Christmas this year, don't worry - Citron
Research has given you the opportunity to purchase Textura (TXTR) shares now. The recent report by Citron is completely
absurd - we believe the real "pump and dump" is being orchestrated by
Citron. All of us know that 2013 has been a difficult year to make money
shorting stocks. As a result, Citron is making a desperate and pathetic last
ditch effort to attack Textura with baseless claims like a pack of wolves.
The report
misleads the public through myopic false interpretations of obscure financials
and outdated data. Instead of only looking at filings, we've completed actual
research, spoken with general contractors, met…"
Blog
Publisher’s comments:
On December 30, 2013, Textura shares closed at $30.06
per share.
Yesterday, May 8, 2014, Textura shares closed at $16.06
per share.
An analyst from Goudy Park Capital participated in
yesterday afternoon’s earnings call. If
you did actually buy Textura as a “late Christmas gift,” the day that note
first appeared on seekingalpha, your Christmas gift is now down around
47%. Not exactly the type of Christmas
gift you wanted, huh?
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