Thursday, May 8, 2014

Did you buy Textura shares as a late Christmas gift?

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

Textura: A Late Christmas Gift by Goudy Park Capital”
Dec. 30, 2013 3:21 PM ET  |  About: TXTR

"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The report misleads the public through myopic false interpretations of obscure financials and outdated data.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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